Couchbase Board Member Maintains Strong Position Despite Small Share Sale
Rhea-AI Filing Summary
Director Lynn M. Christensen of Couchbase reported a sale of 167 shares of Common Stock at $24.44 per share on June 20, 2025. The transaction was executed under a Rule 10b5-1 trading plan established on October 1, 2024.
Following the transaction, Christensen continues to hold 11,820 shares directly. The Form 4 filing indicates this was a planned sale as part of a predetermined trading schedule, demonstrating compliance with insider trading regulations.
- Transaction Type: Sale (S)
- Ownership Type: Direct (D)
- Total Value of Transaction: $4,081.48
- Trading Plan: Executed under Rule 10b5-1
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 167 shares
Net Sell
1 txn
Insider
Christensen Lynn M
Role
Director
Sold
167 shs ($4K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 167 | $24.44 | $4K |
Holdings After Transaction:
Common Stock — 11,820 shares (Direct)
Footnotes (1)
- F1. The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 10/1/2024.
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FAQ
What is Lynn Christensen's role at BASE?
Lynn Christensen serves as a Director on the Board of Couchbase (BASE), as indicated by the 'X' marked under the Director relationship field in the Form 4 filing.
Was the BASE stock sale part of a pre-planned trading arrangement?
Yes, the sale was executed pursuant to a Rule 10b5-1 trading plan that Lynn Christensen adopted on October 1, 2024, as disclosed in the filing's explanatory notes.
Who signed the Form 4 filing for BASE director Lynn Christensen?
The Form 4 was signed by Margaret Chow, acting with Power of Attorney for Lynn M. Christensen, on June 24, 2025.