Form 4: Couchbase CEO Matthew Cain Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Couchbase CEO Matthew Cain sold shares of the company's common stock on June 3, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Matthew M. Cain, Chair, President, and CEO of Couchbase, Inc., sold shares of common stock on June 3, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on October 6, 2023.
- A total of 12,750 shares were sold at a weighted average price of $21.7677, with individual prices ranging from $21.3600 to $22.3300.
- An additional 5,351 shares were sold at a weighted average price of $22.7358, with individual prices ranging from $22.3800 to $23.0500.
- Following these transactions, Cain directly owns 855,304 shares of Couchbase common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock sales by an executive. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 10/06/2023 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| 06/03/2024 | Date of the stock sale transactions |
| 06/05/2024 | Date of Form 4 filing |
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