Every Form 4 that Couchbase, Inc. (BASE) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow BASE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BASE filings page.
Couchbase, Inc. (BASE) Form 4 filed for Huw Owen, SVP & Chief Revenue Officer, reports transactions tied to the company's June 20, 2025 merger. At the merger's effective time on 09/24/2025, 354,803 common shares reported in Table I were converted into the right to receive cash and are shown as disposed, leaving 0 shares beneficially owned. Equity awards including multiple stock options (totaling 73,395 options) and performance- and time-based restricted stock units (totaling 38,333 PSUs) were cancelled or converted into contingent cash awards.
The merger consideration was $24.50 per share. Of the PSUs, 31,945 were deemed vested at 100% of target and converted into cash; 6,388 remain as time-based PSUs with vesting provisions and potential acceleration. The Form 4 is signed by Margaret Chow by power of attorney for Huw Owen.
Matthew M. Cain, Chair, President & CEO of Couchbase, Inc. (BASE), filed a Form 4 reporting transactions tied to the company’s merger with Cascade Parent Inc. on 09/24/2025. At the merger effective time, 794,061 shares of common stock were disposed and converted into the right to receive $24.50 per share in cash. Unvested restricted stock units were cancelled and converted into contingent cash awards that generally preserve original vesting schedules. Multiple stock options (totaling ~2.0 million options across strike prices $5.48, $7.45, $7.48, $7.75 and $21.40) were cancelled and converted into cash for the intrinsic spread where applicable. A performance-based RSU award of 191,668 shares was deemed vested at 100% and converted to cash, while 38,332 PSU shares remain subject to time-based vesting on 12/15/2025.
Margaret Chow, SVP & Chief Legal Officer of Couchbase, Inc. (BASE), reported transactions tied to the company's merger closing on 09/24/2025. At the effective time of the merger, outstanding common shares and equity awards were converted or cancelled for cash consideration of $24.50 per share. The report shows 191,917 common shares disposed, and derivative awards (19,999 options at $21.40, 122,999 options at $7.75, and 46,000 RSUs/PSUs) were cancelled and converted into cash rights or awards with vesting or payout terms described in the merger agreement. Following these transactions, Ms. Chow reports 0 shares beneficially owned in each listed category.
Couchbase insider William R. Carey reported that, as a result of a merger, his equity awards and common shares were converted into cash consideration of $24.50 per share. The Form 4 shows 88,936 common shares were disposed of and the reporting person now beneficially owns 0 common shares. Outstanding vested stock options with exercise prices at or below the per-share cash price were cancelled and converted into cash payments equal to the excess of the per-share price over the option exercise price multiplied by the option shares. Unvested restricted stock units were cancelled and converted into contingent cash awards that retain their original vesting schedules, while certain performance-based RSUs were deemed unachieved and forfeited.
The filing identifies the reporting person as an officer (Interim CFO & CAO) and reflects that these changes arose solely from the terms of the merger agreement between Couchbase and the acquirer.
Richard A. Simonson, a director of Couchbase, Inc. (BASE), disposed of all reported holdings in connection with a merger. On 09/24/2025 he surrendered 51,549 shares of common stock and had 0 shares of common stock beneficially owned after the transaction. Unvested restricted stock units were cancelled and converted into contingent cash awards tied to a per-share cash consideration of $24.50. A stock option covering 80,000 shares with a $7.75 exercise price was fully vested and cancelled, converting into a cash payment equal to the excess of the per-share cash consideration over the exercise price multiplied by the option shares. The disclosures show the director no longer holds equity or option exposure following the merger-related cash-out.
Lynn M. Christensen, a director of Couchbase, Inc. (BASE), reported transactions tied to the company’s merger. The Form 4 shows that on 09/24/2025, 12,218 shares of Couchbase common stock were disposed of and unvested restricted stock units were converted into contingent cash-award rights. The filing references a Merger Agreement dated 06/20/2025 under which Couchbase became a wholly owned subsidiary of Cascade Parent Inc. Outstanding stock options (44,000 shares, $28.60 exercise price) that were fully vested were automatically cancelled for no consideration at the Effective Time.
Kevin Efrusy, a director of Couchbase, Inc. (BASE), reported multiple disposals of common stock on 09/24/2025 related to the company's merger. At the effective time of the Merger, all outstanding shares and vested restricted stock units were converted into the right to receive $24.50 per share in cash, and unvested RSUs were cancelled and converted into contingent cash awards that retain their original vesting terms. The Form 4 shows reported disposals across several Accel-related entities and the Efrusy Family Trust, and lists zero shares beneficially owned following the reported transactions.
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.
Couchbase, Inc. (BASE) director Edward T. Anderson reported dispositions on 09/24/2025 tied to the company's merger. At the effective time of the Merger, all outstanding common shares and vested restricted stock units were converted into a right to receive $24.50 per share in cash, and unvested RSUs were cancelled and converted into contingent cash awards that retain their original vesting terms. The Form 4 shows reported dispositions of 97,948 shares held directly and indirect dispositions of 2,689,172 shares (NBVP 7) and 1,987,084 shares (NBVP VI), with zero shares owned following the reported transactions.
The filing reflects the mechanics of the Merger Agreement rather than open-market trading: cash consideration was paid per share and converted RSUs remain subject to vesting and withholding as described.
Couchbase, Inc. director David C. Scott reported transactions tied to a merger that closed on 09/24/2025. At the effective time of the merger, Couchbase became a wholly owned subsidiary of Cascade Parent Inc., and outstanding common shares were converted into the right to receive $24.50 per share in cash. The filing shows 37,738 shares of common stock were disposed and the reporting person holds 0 shares following the transaction. Stock options that were fully vested and in-the-money were cancelled and converted into cash equal to the excess of the per-share price over the exercise price for 121,623 underlying shares, resulting in 0 options remaining. Unvested RSUs were cancelled and converted into contingent cash awards that retain the original vesting schedule and certain acceleration provisions.
Insider ownership change tied to merger: Director Carol W. Carpenter reported that outstanding common stock and unvested RSUs were converted into cash at a per-share price of $24.50 as part of a completed merger that made the issuer a wholly owned subsidiary of the buyer. As a result of the cash-out, the reporting person’s previously held 26,938 shares were disposed and her remaining beneficial ownership of common stock is shown as zero.
One fully vested stock option with a $28.60 exercise price was cancelled for no consideration because its strike exceeded the cash-out price. Unvested RSUs were converted into contingent cash awards that preserve prior vesting schedules and certain acceleration features but will pay in cash rather than stock.
Couchbase, Inc. (BASE) director Aleksander J. Migon reported the disposition of 45,734 shares of common stock on 09/24/2025 in connection with a merger. Under the Merger Agreement dated June 20, 2025, Merger Sub merged into Couchbase and Couchbase became a wholly owned subsidiary of Cascade Parent Inc.
At the Effective Time, Migon’s shares and previously vested RSUs that had deferred settlement were converted into the right to receive $24.50 per share in cash, and any unvested RSUs were cancelled and converted into contingent cash awards subject to the original vesting terms (less withholding taxes).
Alvina Antar, a director of Couchbase, Inc. (BASE), reported a change in beneficial ownership tied to a merger. On 09/24/2025 she disposed of 47,379 shares of Couchbase common stock as a result of the merger where Couchbase became a wholly owned subsidiary of Cascade Parent Inc. At the effective time each outstanding share was converted into the right to receive $24.50 per share in cash, and unvested restricted stock units were cancelled and converted into contingent cash awards that retain their original vesting terms (subject to withholding). Following the reported transaction Ms. Antar beneficially owned 0 shares.
Couchbase, Inc. director and SVP & Chief Legal Officer Margaret Chow reported a sale of 7,509 shares of common stock on 09/16/2025 at an average price of $24.4068 per share. The filing states the shares were sold to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units and were executed as a "sell to cover" rather than a discretionary sale.
After the transaction, Ms. Chow beneficially owned 191,917 shares of Couchbase common stock. The Form 4 is a routine disclosure of an insider tax-related sale and does not indicate any additional derivative transactions or amendments.
Couchbase, Inc. (BASE) director and CEO Matthew M. Cain reported a routine sell-to-cover transaction tied to the vesting and settlement of restricted stock units. On 09/16/2025, Mr. Cain disposed of 35,677 shares of common stock at a reported price of $24.4068 per share to satisfy tax withholding obligations, leaving him with 794,061 shares beneficially owned following the transaction. The Form 4 was signed by a power of attorney on behalf of Mr. Cain on 09/18/2025. The filing indicates the sale was made solely to cover taxes and was not a discretionary open-market sale by the reporting person.
Couchbase, Inc. (BASE) insider Huw Owen, SVP & Chief Revenue Officer, reported a routine sell-to-cover transaction on 09/16/2025. He disposed of 23,017 shares of Common Stock at a reported price of $24.4068 per share to satisfy tax withholding related to the vesting and settlement of restricted stock units. After the transaction, the reporting person beneficially owned 354,803 shares. The Form 4 was filed individually and signed by Margaret Chow by power of attorney on 09/18/2025.
William R. Carey, Interim CFO & CAO and director of Couchbase, Inc. (BASE), reported a sale of 3,507 shares of common stock on 09/16/2025 at a price of $24.4068 per share. After the transaction, the reporting person beneficially owned 88,936 shares. The Form 4 states the shares were sold to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units (a "sell-to-cover" transaction) and was not a discretionary trade by the reporting person. The filing was signed by Margaret Chow by power of attorney on behalf of William R. Carey on 09/18/2025.
Aleksander J. Migon, a director of Couchbase, Inc. (BASE), was awarded 461 restricted stock units (RSUs) on 09/15/2025. Each RSU represents a contingent right to one share of common stock. The filing reports 45,734 shares beneficially owned by Mr. Migon following the reported transaction.
The RSUs were scheduled to vest 100% on 09/15/2025, but settlement has been deferred under the companys non-employee director RSU deferral program. The Form 4 was signed on behalf of Mr. Migon by Margaret Chow by power of attorney on 09/17/2025.
Couchbase, Inc. (BASE) Director Edward T. Anderson received an award of 461 restricted stock units (RSUs) on 09/15/2025 for his non-employee director service. Each RSU represents a contingent right to one share upon vesting; the award was scheduled to vest in full on 09/15/2025 but settlement has been deferred under the company’s non-employee director RSU deferral program. Following the reported transaction, Mr. Anderson directly beneficially owns 97,948 shares and is an indirect beneficial owner of 2,689,172 shares through North Bridge VenturePartners 7, L.P. and 1,987,084 shares through North Bridge VenturePartners VI, L.P.
Kevin Efrusy, a director of Couchbase, Inc. (BASE), reported a Form 4 disclosing a non-employee director restricted stock unit award and his beneficial holdings. One award of 420 restricted stock units was recorded as acquired on 09/15/2025; the units were scheduled to vest in full on that date but settlement has been deferred under the company’s non-employee director RSU deferral program. After the reported transaction, Mr. Efrusy directly beneficially owns 38,704 shares. The filing also discloses extensive indirect holdings through multiple Accel-related entities and the Efrusy Family Trust, including positions reported for Accel X L.P., Accel Growth Fund II entities and others, reflecting distributions that occurred in December 2023, January 2024, and March 2024 pursuant to Rules 16a-13 and 16a-9. The Form 4 was signed by Power of Attorney on behalf of Mr. Efrusy on 09/17/2025.
Couchbase director Lynn M. Christensen received and vested restricted stock units. The Form 4 reports an award of 398 restricted stock units that vested in full on 09/15/2025, each unit converting to one share of common stock upon vesting. The reported transaction shows an acquisition code with a $0 price, reflecting issuance of shares upon vesting rather than a cash purchase. Following the transaction, Ms. Christensen beneficially owns 12,218 shares of Couchbase common stock. The filing was signed by a power of attorney on behalf of the reporting person on 09/17/2025.
Richard A. Simonson, a director of Couchbase, Inc. (BASE), received 778 restricted stock units that fully vested on September 15, 2025. Each unit converts to one share of common stock upon vesting and the award was reported as acquired at $0 per share. After the transaction, Mr. Simonson beneficially owns 51,549 shares of Couchbase common stock. The Form 4 was signed by a power of attorney on September 17, 2025.