Form 4: Couchbase SVP & CFO Gregory N. Henry Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Gregory N. Henry, SVP & CFO of Couchbase, Inc., sold 18,747 shares of common stock on March 21, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Gregory N. Henry, the SVP & Chief Financial Officer of Couchbase, Inc., sold 18,747 shares of common stock on March 21, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on October 3, 2023.
- The shares were sold at a weighted average price of $27.8369, with individual transactions ranging from $27.3900 to $28.4200.
- Following the transaction, Henry directly owns 112,194 shares and indirectly owns 330,652 shares through The Henry Family Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It's 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 negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 10/03/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 03/21/2024 | Date of stock sale transaction |
| 03/25/2024 | Date of Form 4 filing |
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