[Form 4] Couchbase, Inc. Insider Trading Activity
Jeff Epstein, a director of Couchbase, Inc. (BASE), reported transactions tied to the company’s merger with Cascade Parent Inc. At the merger effective time, 89,361 shares of common stock were disposed and his remaining equity position shows 0 shares held following the transactions. Outstanding restricted stock units that had vested but were deferred and unvested RSUs were converted into contingent cash rights subject to the same vesting terms, and a stock option covering 40,000 shares with a $7.75 exercise price was cancelled and converted into a cash-only right. The per-share cash consideration paid at the effective time was $24.50 per share, with payments subject to applicable withholding.
Jeff Epstein, direttore di Couchbase, Inc. (BASE), ha riferito operazioni legate alla fusione dell’azienda con Cascade Parent Inc. Al momento effettivo della fusione, sono state cedute 89.361 azioni ordinarie e la sua posizione azionaria residua risulta 0 azioni possedute dopo le operazioni. Le unità azionarie soggette a restrizioni che avevano maturato ma erano differite e le RSU non vestite sono state convertite in diritti in contanti contingenti soggetti alle stesse condizioni di vesting, e un’opzione su azioni che copriva 40.000 azioni con prezzo di esercizio di $7,75 è stata cancellata e convertita in un diritto in contanti puri. La controparte in contanti per azione pagata al momento effettivo era $24,50 per azione, con pagamenti soggetti a ritenute applicabili.
Jeff Epstein, director de Couchbase, Inc. (BASE), reportó transacciones vinculadas a la fusión de la empresa con Cascade Parent Inc. En el momento efectivo de la fusión, se deshicieron de 89.361 acciones ordinarias y su posición accionaria restante muestra 0 acciones en propiedad tras las transacciones. Las unidades de acciones restringidas que ya habían vestido pero estaban diferidas y las RSU no vestidas se convirtieron en derechos en efectivo contingentes sujetos a las mismas condiciones de vesting, y una opción sobre acciones que cubría 40.000 acciones con un precio de ejercicio de $7.75 fue cancelada y convertida en un derecho puramente en efectivo. La contraprestación en efectivo por acción pagada en el momento efectivo fue de $24.50 por acción, con pagos sujetos a retención aplicable.
제프 에프스타인, Couchbase, Inc. (BASE)의 이사, 회사의 Cascade Parent Inc.와의 합병과 관련된 거래를 보고했습니다. 합병 효력 시점에 일반 주식 89,361주를 처분했고 남은 보유 지분은 거래 후 0주 보유로 나타납니다. 이미 취득했으나 이연된 제한 주식 유닛과 vest되지 않은 RSU은 동일한 vesting 조건으로 현금 권리로 전환되었고, 공개매수선택권 40,000주, 행사 가격 7.75달러은 취소되어 현금 전용 권리로 전환되었습니다. 효력 시점에 주당 현금 대가는 $24.50였으며 지급은 원천징수 대상이었습니다.
Jeff Epstein, directeur de Couchbase, Inc. (BASE), a signalé des transactions liées à la fusion de l’entreprise avec Cascade Parent Inc. Au moment effectif de la fusion, 1 89 361 actions ordinaires ont été cédées et sa position en actions restante est de 0 actions détenues après les transactions. Les unités d’actions restreintes qui avaient acquis puis différé et les RSU non vestes ont été converties en droits en espèces contingents soumis aux mêmes conditions d’acquisition, et une option d’achat couvrant 40 000 actions avec un prix d’exercice de 7,75 $ a été annulée et convertie en un droit purement en espèces. La contrepartie en espèces par action payée au moment effectif était de 24,50 $ par action, les paiements étant soumis à retenue d’impôt applicable.
Jeff Epstein, Direktor von Couchbase, Inc. (BASE), meldete Transaktionen im Zusammenhang mit der Fusion des Unternehmens mit Cascade Parent Inc. Zum Stichtag der Fusion wurden 89.361 Stammaktien veräußert und seine verbleibende Eigenkapitalposition weist nach den Transaktionen 0 Aktien aus. Ausstehende eingeschränkte Aktien, die vesteten, aber deferred waren, sowie unvested RSUs wurden in verzinsliche Barrechte umgewandelt und ein Aktiensoptionsschein über 40.000 Aktien bei einem Ausübungspreis von 7,75 $ wurde storniert und in ein bar-only Recht umgewandelt. Die Barzahlung pro Aktie zum Wirksamkeitszeitpunkt betrug 24,50 $ pro Aktie, wobei Zahlungen der entsprechenden Quellensteuer unterlagen.
جيف إيبتشتاين، مدير في Couchbase, Inc. (BASE)، أبلغ عن معاملات مرتبطة باندماج الشركة مع Cascade Parent Inc. في وقت النفاذ الفعلي للاندماج، تم تصريف 89,361 سهماً من الأسهم العادية، وبقيت حصته في الأسهم 0 أسهم مملوكة بعد المعاملات. تم تحويل وحدات الأسهم المقيدة المستحقة والتي كانت قد vest ثم تأخرت والRSUs غير vest إلى حقوق نقدية مشروطة وفقاً لنفس شروط vesting، وتم إلغاء خيار شراء يغطي 40,000 سهم بسعر تنفيذ 7.75 دولار وتحويله إلى حق نقدي فقط. وكانت التعويض النقدي لكل سهم مدفوع عند وقت النفاذ $24.50 للسهم، وتخضع المدفوعات للاقتطاع المعمول به.
杰夫·爱泼斯坦，Couchbase, Inc. (BASE) 的董事，披露了与 Cascade Parent Inc. 的合并相关的交易。在合并生效时，处置了 89,361 股普通股，交易完成后他的剩余股权头寸显示为 持股 0 股。已授予但被递延且尚未 vest 的受限股票单位，以及未 vest 的 RSU 已被转换为附带同样 vesting 条件的现金权利，覆盖 40,000 股、行使价 7.75 美元 的股票期权被取消并转换为纯现金权利。生效时的每股现金对价为 $24.50，支付需扣缴适用的税款。
- Merger provided cash consideration of $24.50 per share for equity holders
- Vested and unvested RSUs preserved vesting terms when converted to contingent cash awards
- In-the-money options were settled in cash, ensuring value realization for option holders
- Director’s beneficial ownership reduced to 0 shares following the merger
- 40,000-share option cancelled and converted to cash rather than retained equity
Insights
TL;DR: Director equity converted to cash at $24.50 in a completed merger, yielding full disposition and cash settlements.
The Form 4 documents that Jeff Epstein’s equity interests in Couchbase were monetized at the merger effective time. 89,361 common shares were disposed and a vested option covering 40,000 shares (exercise price $7.75) was cancelled in exchange for a cash payment equal to the excess of $24.50 over the exercise price times the option shares. RSUs—both vested-but-deferred and unvested—were converted into cash awards that retain original vesting terms. From a capital structure perspective, these actions reflect typical liquidation mechanics in a take-private transaction where equity holders receive cash consideration rather than continuing equity exposure.
TL;DR: Transaction reflects standard merger treatment of insider equity; director no longer holds company stock post-closing.
The filing confirms that, under the Merger Agreement, director-held equity instruments were treated consistently: vested deferred RSUs and unvested RSUs were converted to cash awards (with original vesting preserved) and in-the-money options were cashed out. The reporting shows the director’s beneficial ownership reduced to zero as of the effective time, which is an expected governance outcome in a change-of-control transaction where the company becomes a wholly owned subsidiary.
Jeff Epstein, direttore di Couchbase, Inc. (BASE), ha riferito operazioni legate alla fusione dell’azienda con Cascade Parent Inc. Al momento effettivo della fusione, sono state cedute 89.361 azioni ordinarie e la sua posizione azionaria residua risulta 0 azioni possedute dopo le operazioni. Le unità azionarie soggette a restrizioni che avevano maturato ma erano differite e le RSU non vestite sono state convertite in diritti in contanti contingenti soggetti alle stesse condizioni di vesting, e un’opzione su azioni che copriva 40.000 azioni con prezzo di esercizio di $7,75 è stata cancellata e convertita in un diritto in contanti puri. La controparte in contanti per azione pagata al momento effettivo era $24,50 per azione, con pagamenti soggetti a ritenute applicabili.
Jeff Epstein, director de Couchbase, Inc. (BASE), reportó transacciones vinculadas a la fusión de la empresa con Cascade Parent Inc. En el momento efectivo de la fusión, se deshicieron de 89.361 acciones ordinarias y su posición accionaria restante muestra 0 acciones en propiedad tras las transacciones. Las unidades de acciones restringidas que ya habían vestido pero estaban diferidas y las RSU no vestidas se convirtieron en derechos en efectivo contingentes sujetos a las mismas condiciones de vesting, y una opción sobre acciones que cubría 40.000 acciones con un precio de ejercicio de $7.75 fue cancelada y convertida en un derecho puramente en efectivo. La contraprestación en efectivo por acción pagada en el momento efectivo fue de $24.50 por acción, con pagos sujetos a retención aplicable.
제프 에프스타인, Couchbase, Inc. (BASE)의 이사, 회사의 Cascade Parent Inc.와의 합병과 관련된 거래를 보고했습니다. 합병 효력 시점에 일반 주식 89,361주를 처분했고 남은 보유 지분은 거래 후 0주 보유로 나타납니다. 이미 취득했으나 이연된 제한 주식 유닛과 vest되지 않은 RSU은 동일한 vesting 조건으로 현금 권리로 전환되었고, 공개매수선택권 40,000주, 행사 가격 7.75달러은 취소되어 현금 전용 권리로 전환되었습니다. 효력 시점에 주당 현금 대가는 $24.50였으며 지급은 원천징수 대상이었습니다.
Jeff Epstein, directeur de Couchbase, Inc. (BASE), a signalé des transactions liées à la fusion de l’entreprise avec Cascade Parent Inc. Au moment effectif de la fusion, 1 89 361 actions ordinaires ont été cédées et sa position en actions restante est de 0 actions détenues après les transactions. Les unités d’actions restreintes qui avaient acquis puis différé et les RSU non vestes ont été converties en droits en espèces contingents soumis aux mêmes conditions d’acquisition, et une option d’achat couvrant 40 000 actions avec un prix d’exercice de 7,75 $ a été annulée et convertie en un droit purement en espèces. La contrepartie en espèces par action payée au moment effectif était de 24,50 $ par action, les paiements étant soumis à retenue d’impôt applicable.
Jeff Epstein, Direktor von Couchbase, Inc. (BASE), meldete Transaktionen im Zusammenhang mit der Fusion des Unternehmens mit Cascade Parent Inc. Zum Stichtag der Fusion wurden 89.361 Stammaktien veräußert und seine verbleibende Eigenkapitalposition weist nach den Transaktionen 0 Aktien aus. Ausstehende eingeschränkte Aktien, die vesteten, aber deferred waren, sowie unvested RSUs wurden in verzinsliche Barrechte umgewandelt und ein Aktiensoptionsschein über 40.000 Aktien bei einem Ausübungspreis von 7,75 $ wurde storniert und in ein bar-only Recht umgewandelt. Die Barzahlung pro Aktie zum Wirksamkeitszeitpunkt betrug 24,50 $ pro Aktie, wobei Zahlungen der entsprechenden Quellensteuer unterlagen.
FAQ
What did Jeff Epstein report on the Form 4 for Couchbase (BASE)?
What was the per-share cash consideration paid in the merger for BASE?
How were RSUs treated at the effective time of the Couchbase merger?
What happened to in-the-money stock options held by the director?
Does Jeff Epstein hold any Couchbase common stock after the reported transactions?
