SCHEDULE: EVR Research LP Divests Couchbase Stake

Sentiment:

Beneficial Ownership Report 14 August 2025 4:10 PM

EVR Research LP and EVR Master Fund, LP have reported a 0% beneficial ownership in Couchbase, Inc., indicating a full divestment or reduction below reporting thresholds.

Worse than expectedEVR Research LP and EVR Master Fund, LP have reported 0% beneficial ownership in Couchbase, Inc.This indicates a complete divestment of their stake or a reduction below the 5% reporting threshold by these institutional investors.

Summary

EVR Research LP and EVR Master Fund, LP no longer beneficially own shares of Couchbase, Inc.
Aggregate beneficial ownership is now 0% of Couchbase, Inc.'s common stock.
This filing is an Amendment No. 1 to a previous Schedule 13G.
The event requiring this filing occurred on June 30, 2025.

Sentiment

Score: 3

Explanation: The complete divestment of shares by EVR Research LP and EVR Master Fund, LP, reducing their beneficial ownership to 0%, is generally perceived as a negative signal regarding institutional confidence in Couchbase, Inc.

Negatives

EVR Research LP and EVR Master Fund, LP have reduced their beneficial ownership in Couchbase, Inc. to 0%, indicating a complete divestment or reduction below the 5% reporting threshold.

Future Outlook

No forward-looking statements or guidance are provided.

Industry Context

This filing pertains to a change in institutional ownership and does not provide broader industry context or trends.

Stakeholder Impact

Shareholders may interpret the divestment by institutional investors as a negative signal, potentially impacting stock price.

Key Dates

Date	Description
06/30/2025	Date of event which requires filing of this statement (cessation of beneficial ownership).
08/14/2025	Signature date of the filing by Derek J. Webb, Chief Compliance Officer.

Recommendation

hold

The complete divestment by EVR Research LP and EVR Master Fund, LP, reducing their beneficial ownership to 0%, signals a significant withdrawal of institutional capital. While this is a negative indicator, a 'hold' recommendation is appropriate given the lack of specific reasons for the divestment within the filing and the absence of updated financial performance data for Couchbase, Inc. Further analysis of the company's fundamentals and market conditions is required.

Keywords

Couchbase Inc., EVR Research LP, EVR Master Fund LP, Schedule 13G, beneficial ownership, common stock, divestment, institutional ownership

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