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.
