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Couchbase Announces New Employee Inducement Grants

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Couchbase (NASDAQ: BASE) announced new equity awards under its 2023 Inducement Equity Incentive Plan. On November 21, 2024, the company granted restricted stock units (RSU Awards) to 9 non-executive employees, totaling 19,905 shares. The vesting schedule includes 50% of shares vesting after the first year's quarterly vesting date, followed by 12.5% vesting quarterly thereafter, subject to continued employment. The grants were approved by Couchbase's Compensation Committee and comply with Nasdaq Rule 5635(c)(4) as employment inducements.

Couchbase (NASDAQ: BASE) ha annunciato nuovi premi azionari nell'ambito del suo Piano di Incentivazione Equity 2023. Il 21 novembre 2024, l'azienda ha concessa unità di azioni vincolate (RSU Awards) a 9 dipendenti non esecutivi, per un totale di 19.905 azioni. Il programma di maturazione prevede che il 50% delle azioni maturi dopo la data di maturazione trimestrale del primo anno, seguito dal 12,5% che matura trimestralmente successivamente, soggetto al mantenimento dell'impiego. Le assegnazioni sono state approvate dal Comitato di Remunerazione di Couchbase e sono conformi alla Regola 5635(c)(4) di Nasdaq come incentivi all'occupazione.

Couchbase (NASDAQ: BASE) anunció nuevos premios de acciones bajo su Plan de Incentivo de Acciones por Inducción 2023. El 21 de noviembre de 2024, la compañía otorgó unidades de acciones restringidas (Premios RSU) a 9 empleados no ejecutivos, totalizando 19,905 acciones. El cronograma de consolidación incluye el 50% de las acciones que se consolidarán después de la primera fecha de consolidación trimestral del primer año, seguido del 12.5% que se consolidará trimestralmente a partir de entonces, sujeto a la continuidad del empleo. Las concesiones fueron aprobadas por el Comité de Compensación de Couchbase y cumplen con la Regla 5635(c)(4) de Nasdaq como incentivos para el empleo.

Couchbase (NASDAQ: BASE)는 2023 유도 지분 인센티브 계획에 따른 새로운 지분 보상을 발표했습니다. 2024년 11월 21일, 회사는 9명의 비임원 직원에게 총 19,905주의 제한 주식 단위(RSU Awards)를 부여했습니다. 주식의 만기 일정은 첫 해 분기 만기일 이후 50%의 주식이 만기되고, 이후 매 분기마다 12.5%씩 만기되며, 지속적인 고용 조건이 적용됩니다. 이 보상은 Couchbase의 보상 위원회에서 승인되었으며, Nasdaq 규칙 5635(c)(4)에 따라 고용 유인으로 부합합니다.

Couchbase (NASDAQ: BASE) a annoncé de nouvelles attributions d'équité dans le cadre de son Plan d'Incentive en Actions 2023. Le 21 novembre 2024, l'entreprise a accordé des unités d'actions restreintes (Attributions RSU) à 9 employés non exécutifs, pour un total de 19 905 actions. Le calendrier d'acquisition stipule que 50 % des actions seront acquises après la date d'acquisition trimestrielle de la première année, suivis de 12,5 % acquises trimestriellement par la suite, sous réserve d'un emploi continu. Les attributions ont été approuvées par le Comité de Rémunération de Couchbase et sont conformes à la Règle 5635(c)(4) de Nasdaq en tant qu'incitations à l'emploi.

Couchbase (NASDAQ: BASE) hat neue Eigenkapitalvergütungen im Rahmen seines Inducement Equity Incentive Plans 2023 angekündigt. Am 21. November 2024 hat das Unternehmen beschränkte Aktieneinheiten (RSU Awards) an 9 nicht-executive Mitarbeiter vergeben, insgesamt 19.905 Aktien. Der Vesting-Zeitplan sieht vor, dass 50 % der Aktien nach dem vierteljährlichen Vestingdatum des ersten Jahres fällig werden, gefolgt von 12,5 %, die anschließend vierteljährlich fällig werden, vorbehaltlich einer fortgesetzten Beschäftigung. Die Zuwendungen wurden vom Vergütungsausschuss von Couchbase genehmigt und entsprechen der Nasdaq-Regel 5635(c)(4) als Beschäftigungsanreize.

Positive
  • Implementation of employee retention strategy through equity incentives
  • Structured vesting schedule promotes long-term employee commitment
Negative
  • Potential shareholder dilution from 19,905 new shares

SANTA CLARA, Calif., Nov. 26, 2024 /PRNewswire/ -- Couchbase, Inc. (NASDAQ: BASE), the cloud database platform company, today announced it has granted equity awards under its 2023 Inducement Equity Incentive Plan to new employees who joined Couchbase.

On November 21, 2024, Couchbase granted 9 non-executive employees equity awards in the form of service-based restricted stock units ("RSU Awards"), representing the right to receive up to 19,905 shares of Couchbase, Inc. common stock in the aggregate, with fifty percent (50%) of the shares subject to such RSU Awards vesting on the first quarterly vesting date following the one (1) year anniversary of the vesting commencement date, and twelve and one-half percent (12.5%) of the shares subject to such RSU Awards vesting on each quarterly vesting date thereafter conditioned upon each employee's continued employment on the vesting date(s). 

The inducement grants were approved by Couchbase's Compensation Committee of the Board of Directors, as required by Nasdaq Rule 5635(c)(4), and were granted as a material inducement to employment in accordance with Nasdaq Rule 5635(c)(4).

About Couchbase

Modern customer experiences need a flexible database platform that can power applications spanning from cloud to edge and everything in between. Couchbase's mission is to simplify how developers and architects develop, deploy and run modern applications wherever they are. We have reimagined the database with our fast, flexible and affordable cloud database platform Capella, allowing organizations to quickly build applications that deliver premium experiences to their customers– all with best-in-class price performance. More than 30% of the Fortune 100 trust Couchbase to power their modern applications. For more information, visit www.couchbase.com and follow us on X (formerly Twitter) @couchbase.

Couchbase®, the Couchbase logo and the names and marks associated with Couchbase's products are trademarks of Couchbase, Inc. All other trademarks are the property of their respective owners.

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SOURCE Couchbase, Inc.

FAQ

How many shares did Couchbase (BASE) grant in RSU awards on November 21, 2024?

Couchbase granted RSU awards representing 19,905 shares of common stock to 9 non-executive employees.

What is the vesting schedule for Couchbase's (BASE) November 2024 RSU awards?

50% of shares vest after the first year's quarterly vesting date, with 12.5% vesting quarterly thereafter, subject to continued employment.

How many non-executive employees received Couchbase (BASE) RSU awards in November 2024?

9 non-executive employees received RSU awards under the 2023 Inducement Equity Incentive Plan.

Couchbase, Inc.

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