David McJannet - Mar 20, 2023 Form 4 Insider Report for HashiCorp, Inc. (HCP)

Signature
/s/ Paul Warenski, by power of attorney
Stock symbol
HCP
Transactions as of
Mar 20, 2023
Transactions value $
-$533,180
Form type
4
Date filed
3/22/2023, 07:11 PM
Previous filing
Feb 3, 2023
Next filing
Mar 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HCP Class A Common Stock Options Exercise +7.56K +10.25% 81.3K Mar 20, 2023 Direct F1
transaction HCP Class A Common Stock Conversion of derivative security +39.3K +48.36% 121K Mar 21, 2023 Direct F2
transaction HCP Class A Common Stock Sale -$533K -17.8K -14.79% $29.87 103K Mar 21, 2023 Direct F3, F4

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 Restricted Stock Units Options Exercise $0 -7.56K -7.69% $0.00 90.7K Mar 20, 2023 Class A Common Stock 7.56K Direct F1, F5
transaction HCP Restricted Stock Units Options Exercise $0 -19.5K -12.5% $0.00 136K Mar 20, 2023 Class B Common Stock 19.5K Direct F6, F7
transaction HCP Restricted Stock Units Options Exercise $0 -19.9K -25% $0.00 59.6K Mar 20, 2023 Class B Common Stock 19.9K Direct F6, F8
transaction HCP Class B Common Stock Options Exercise $0 +39.3K +27.43% $0.00 183K Mar 20, 2023 Class A Common Stock 39.3K Direct F2, F3
transaction HCP Class B Common Stock Conversion of derivative security $0 -39.3K -21.52% $0.00 143K Mar 21, 2023 Class A Common Stock 39.3K Direct F2, F3
holding HCP Class B Common Stock 1.36M Mar 20, 2023 Class A Common Stock 1.36M See footnote F2, F3, F9
holding HCP Class B Common Stock 681K Mar 20, 2023 Class A Common Stock 681K See footnote F2, F3, F10
holding HCP Class B Common Stock 681K Mar 20, 2023 Class A Common Stock 681K See footnote F2, F3, F11
holding HCP Class B Common Stock 60K Mar 20, 2023 Class A Common Stock 60K See footnote F2, F3, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit, or RSU, represents a contingent right to receive one share of Class A Common Stock.
F2 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.
F3 The reported shares were sold to satisfy the reporting person's tax obligations in connection with the vesting of RSUs
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.48 to $30.15, 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.
F5 The remaining RSUs vest in twelve equal quarterly installments beginning on June 20, 2023.
F6 Each RSU represents a contingent right to receive one share of Class B Common Stock.
F7 The remaining RSUs vest in seven equal quarterly installments beginning on June 20, 2023.
F8 The remaining RSUs vest in three equal quarterly installments beginning on June 20, 2023.
F9 The shares are held of record by a family trust for which the reporting person serves as a trustee.
F10 The shares are held of record by the Emerald GST Non-Exempt Trust.
F11 The shares are held of record by the Sapphire GST Non-Exempt Trust.
F12 The shares are held of record by an additional family trust.