Form 4: Couchbase CEO Matthew Cain Sells Shares to Cover Tax Obligations

Matthew Cain, Chair, President, and CEO of Couchbase, Inc., sold shares to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On March 17, 2025, Matthew M. Cain, Chair, President, and CEO of Couchbase, Inc., executed a transaction involving the company's common stock.
• Cain sold 27,084 shares at a price of $13.5489 per share to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
• Following the transaction, Cain directly owns 996,282 shares of Couchbase, Inc.
• The sale was conducted to satisfy tax obligations and does not represent a discretionary transaction.

Sentiment

Score: 6

Explanation: The document describes a routine transaction for tax purposes, which is neither particularly positive nor negative. The sentiment is neutral.

Management Comments

• The sale was to satisfy tax withholding obligations to be funded by a 'sell to cover' transaction and does not represent a discretionary transaction by the Reporting Person.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Couchbase, Matthew Cain, stock sale, Form 4, tax withholding, restricted stock units, beneficial ownership