Form 4: Couchbase Director David C. Scott Receives Stock Award

Director David C. Scott receives 6,494 restricted stock units from Couchbase, Inc.

Summary

• On May 30, 2024, David C. Scott, a director at Couchbase, Inc., was granted 6,494 restricted stock units.
• These units represent a contingent right to receive one share of Couchbase common stock upon vesting.
• The restricted stock units will vest on the earlier of (i) the one-year anniversary of the grant date or (ii) the day prior to the next Annual Meeting, contingent upon continued service.
• Following the transaction, Scott directly owns 28,027 shares of Couchbase common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine stock award to a director, which is generally viewed as a neutral to slightly positive event as it aligns management interests with shareholders.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders, incentivizing continued service and contribution to the company's success.

Future Outlook

The restricted stock units will vest based on continued service through the vesting date, which is the earlier of the one-year anniversary of the grant date or the day prior to the next Annual Meeting.

Industry Context

Stock awards to directors are a common practice in the technology industry to align their interests with those of the shareholders and incentivize long-term value creation.

Stakeholder Impact

• The stock award aligns the director's interests with those of the shareholders, potentially leading to decisions that benefit shareholder value.

Key Dates