Navam Welihinda - Dec 13, 2021 Form 4 Insider Report for HashiCorp, Inc. (HCP)

Role
Chief Financial Officer
Signature
/s/ Paul Warensky, by power of attorney
Stock symbol
HCP
Transactions as of
Dec 13, 2021
Transactions value $
-$539,376
Form type
4
Date filed
12/15/2021, 07:09 PM
Previous filing
Dec 8, 2021
Next filing
Dec 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HCP Common Stock Other -301K -76.01% 95K Dec 13, 2021 Direct F1, F2, F3
transaction HCP Common Stock Other -95K -100% 0 Dec 13, 2021 Direct F3, F4
transaction HCP Class A Common Stock Conversion of derivative security +6.25K 6.25K Dec 13, 2021 Direct F5
transaction HCP Class A Common Stock Sale -$539K -6.25K -100% $86.33 0 Dec 13, 2021 Direct F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HCP Class B Common Stock Other +180K 180K Dec 13, 2021 Class A Common Stock 180K Direct F1, F5
transaction HCP Class B Common Stock Options Exercise $0 +6.25K +3.47% $0.00 186K Dec 13, 2021 Class A Common Stock 6.25K Direct F5
transaction HCP Class B Common Stock Conversion of derivative security $0 -6.25K -3.35% $0.00 180K Dec 13, 2021 Class A Common Stock 6.25K Direct F5
transaction HCP Restricted Stock Units Other +121K 121K Dec 13, 2021 Class B Common Stock 121K Direct F1, F7, F8
transaction HCP Restricted Stock Units Other +95K 95K Dec 13, 2021 Class A Common Stock 95K Direct F4, F9, F10
transaction HCP Employee Stock Option (right to buy) Other -170K -100% 0 Feb 13, 2021 Common Stock 170K $0.23 Direct F1, F11
transaction HCP Employee Stock Option (right to buy) Other +170K 170K Dec 13, 2021 Class B Common Stock 170K $0.23 Direct F1, F11
transaction HCP Employee Stock Option (right to buy) Other -50K -100% 0 Dec 13, 2021 Common Stock 50K $1.15 Direct F1, F12
transaction HCP Employee Stock Option (right to buy) Other +50K 50K Dec 13, 2021 Class B Common Stock 50K $1.15 Direct F1, F12
transaction HCP Employee Stock Option (right to buy) Other -160K -100% 0 Dec 13, 2021 Common Stock 160K $5.32 Direct F1, F13
transaction HCP Employee Stock Option (right to buy) Other +160K 160K Dec 13, 2021 Class B Common Stock 160K $5.32 Direct F1, F13
transaction HCP Employee Stock Option (right to buy) Options Exercise $0 -6.25K -3.91% $0.00 154K Dec 13, 2021 Class B Common Stock 6.25K $5.32 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class A Common Stock immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock.
F2 Of the reported shares, 180,028 are represented by shares of Common Stock and the remaining 121,000 are represented by restricted stock units, or RSUs.
F3 The shares are represented by RSUs.
F4 Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock underlying the RSU was automatically reclassified into one share of Class A Common Stock immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock.
F5 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.09 to $86.84, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F7 Each RSU represents a contingent right to receive one share of Issuer Class B Common Stock.
F8 The RSUs vest as to 25% on January 31, 2022 and the remaining shares vest in twelve equal quarterly installments beginning on March 20, 2022.
F9 Each RSU represents a contingent right to receive one share of Issuer Class A Common Stock.
F10 The RSUs vest as to 50% on December 9, 2023 and the remaining shares vest in eight equal quarterly installments beginning on December 20, 2023.
F11 The shares underlying the option are fully vested and immediately exercisable.
F12 The shares underlying the option vested as to 25% of the total shares on September 26, 2019 and the remaining shares vest in 36 equal monthly installments thereafter.
F13 The shares underlying the option vested as to 25% of the total shares on February 27, 2020 and the remaining shares vest in 36 equal monthly installments thereafter.