BASE Form 4: Director Richard Simonson Adds 1,013 Shares via RSUs

Rhea-AI Filing Summary

Form 4 filing overview (BASE – Couchbase, Inc.)

On 18 June 2025, Couchbase filed a Form 4 reporting that non-employee director Richard A. Simonson received 1,013 restricted stock units (RSUs) that vested immediately on 16 June 2025. Each RSU converts 1-for-1 into common stock at no cost, resulting in the acquisition of 1,013 common shares.

• Price paid: $0 (equity compensation, not an open-market purchase)
• Post-transaction ownership: 50,771 common shares held directly
• Position: Independent Director (no officer role disclosed)
• Nature of transaction: Routine annual equity grant under the company’s non-employee director compensation program

No shares were disposed of, no derivative instruments were exercised or sold, and the filing makes no reference to a Rule 10b5-1 trading plan. The award modestly aligns the director’s interests with shareholders but is immaterial to Couchbase’s overall share count and does not signal a directional view on the stock.

Insights

Corporate Governance Analyst

TL;DR – Standard director RSU grant; negligible strategic impact.

This Form 4 discloses a routine equity compensation event: 1,013 RSUs to independent director Richard Simonson. The grant immediately vested and increases direct ownership to 50,771 shares, a marginal stake relative to Couchbase’s float. No dispositions or derivative positions are involved, and there is no indication of trading under a 10b5-1 plan. Such awards are customary for tech companies and aim to strengthen board-shareholder alignment. From a governance perspective, the filing is compliant and innocuous, carrying no material impact on capital structure, control, or near-term valuation.

Portfolio Manager

TL;DR – Minor insider acquisition; unlikely to move BASE shares.

The 1,013-share RSU vesting adds roughly US$30–40k (market-dependent) to the director’s holdings—an immaterial figure against Couchbase’s market cap. There is no purchase price signal, no sale, and no pattern suggesting sentiment change. For position sizing or trading decisions, this event ranks low on the materiality scale and does not alter the investment thesis on BASE.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Simonson Richard A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,013	$0.00	--

Holdings After Transaction: Common Stock — 50,771 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Simonson Richard A

(Last) (First) (Middle)

C/O COUCHBASE, INC.

3155 OLSEN DR., SUITE 150

(Street)

SAN JOSE CA 95117

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Couchbase, Inc. [ BASE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/16/2025		A		1,013(1)	A	$0	50,771	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This represents an award of restricted stock units to the Issuer's non-employee director. Each unit represents a contingent right to receive one share of the Issuer's common stock upon vesting. One hundred percent (100%) of the restricted stock units vested on June 16, 2025.

Remarks:

	/s/ Margaret Chow, by Power of Attorney for Richard A. Simonson	06/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Couchbase (BASE) shares did Richard A. Simonson acquire?

1,013 common shares were acquired through fully-vested RSUs.

What was the vesting schedule of the RSU grant?

The RSUs vested 100% on 16 June 2025.

What is Simonson’s total share ownership after the transaction?

He now directly owns 50,771 Couchbase common shares.

Did the filing report any sale of Couchbase stock?

No. No shares were sold; the filing only records an acquisition.

Was the transaction executed under a Rule 10b5-1 plan?

The Form 4 does not indicate that a 10b5-1 plan was in place.

When was the Form 4 filed and effective?

Filed on 18 June 2025, covering a transaction dated 16 June 2025.