Form 4: Couchbase Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
William Robert Carey, Chief Accounting Officer of Couchbase, Inc., sold 1,521 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- William Robert Carey, the Chief Accounting Officer of Couchbase, Inc., reported a transaction on September 16, 2024.
- Carey sold 1,521 shares of Couchbase common stock at a price of $14.4 per share.
- The sale was executed to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
- Following the transaction, Carey directly owns 72,700 shares of Couchbase common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock transaction. The transaction itself (selling shares to cover taxes) is neutral and doesn't necessarily indicate positive or negative sentiment about the company's prospects.
Industry Context
Insider transactions are a common occurrence in publicly traded companies. Form 4 filings are required by the SEC to provide transparency regarding stock transactions by company insiders. These transactions can be for a variety of reasons, including covering tax obligations, diversifying personal holdings, or other financial planning purposes.
Key Dates
| Date | Description |
|---|---|
| 09/16/2024 | Date of transaction: William Robert Carey sold shares to cover tax obligations. |
| 09/18/2024 | Date of signature on the Form 4 filing. |
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