SANTA
CLARA, Calif., March 3,
2025 /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 February 26, 2025, Couchbase
granted 17 non-executive employees equity awards in the form of
service-based restricted stock units ("RSU Awards"), representing
the right to receive up to 39,063 shares of Couchbase, Inc. common
stock in the aggregate, with fifty percent (50%) of the shares
subject to such RSU Awards vesting on 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
As industries race to embrace AI, traditional database solutions
fall short of rising demands for versatility, performance and
affordability. Couchbase is seizing the opportunity to lead with
Capella, the developer data platform architected for critical
applications in our AI world. By uniting transactional, analytical,
mobile and AI workloads into a seamless, fully managed solution,
Couchbase empowers developers and enterprises to build and scale
applications and AI agents with complete flexibility – delivering
exceptional performance, scalability and cost-efficiency from cloud
to edge and everything in between. Couchbase enables organizations
to unlock innovation, accelerate AI transformation and redefine
customer experiences wherever they happen. Discover why Couchbase
is the foundation of critical everyday applications by visiting
www.couchbase.com and following us on LinkedIn and X.
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.