Armon Dadgar - Sep 20, 2023 Form 4 Insider Report for HashiCorp, Inc. (HCP)

Role
Chief Technology Officer, Director
Signature
/s/ Paul Warenski, by power of attorney
Stock symbol
HCP
Transactions as of
Sep 20, 2023
Transactions value $
-$323,526
Form type
4
Date filed
9/22/2023, 05:08 PM
Previous filing
Sep 5, 2023
Next filing
Sep 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HCP Class A Common Stock Options Exercise +11.9K +43.91% 39K Sep 20, 2023 Direct F1
transaction HCP Class A Common Stock Conversion of derivative security +14.6K +37.47% 53.6K Sep 21, 2023 Direct F2
transaction HCP Class A Common Stock Sale -$324K -14K -26.16% $23.07 39.6K Sep 21, 2023 Direct F3, F4
holding HCP Class A Common Stock 1.75M Sep 20, 2023 See footnote F8
holding HCP Class A Common Stock 282K Sep 20, 2023 See footnote F9
holding HCP Class A Common Stock 90.4K Sep 20, 2023 See footnote F10

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 -2.94K -9.09% $0.00 29.4K Sep 20, 2023 Class A Common Stock 2.94K Direct F1, F8
transaction HCP Restricted Stock Units Options Exercise $0 -8.96K -6.67% $0.00 125K Sep 20, 2023 Class A Common Stock 8.96K Direct F1, F9
transaction HCP Restricted Stock Units Options Exercise $0 -6.49K -16.67% $0.00 32.4K Sep 20, 2023 Class B Common Stock 6.49K Direct F10, F11
transaction HCP Restricted Stock Units Options Exercise $0 -8.12K -49.99% $0.00 8.13K Sep 20, 2023 Class B Common Stock 8.12K Direct F10, F12
transaction HCP Class B Common Stock Options Exercise $0 +14.6K +3.04% $0.00 496K Sep 20, 2023 Class A Common Stock 14.6K Direct F2
transaction HCP Class B Common Stock Conversion of derivative security $0 -14.6K -2.95% $0.00 481K Sep 21, 2023 Class A Common Stock 14.6K Direct F2
holding HCP Class B Common Stock 12.8M Sep 20, 2023 Class A Common Stock 13.3M See footnote F2, F5
holding HCP Class B Common Stock 2.06M Sep 20, 2023 Class A Common Stock 2.06M See footnote F2, F6
holding HCP Class B Common Stock 601K Sep 20, 2023 Class A Common Stock 622K See footnote F2, F7
* 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 $22.91 to $23.255, 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 shares are held of record by the Armon Dadgar 2020 Charitable Trust.
F6 The shares are held of record by the Armon Memaran-Dadgar Living Trust for which the reporting person serves as trustee.
F7 The shares are held of record by Black Swan III, LLC which the reporting person controls.
F8 The remaining RSUs vest in ten equal quarterly installments beginning on December 20, 2023.
F9 The remaining RSUs vest in fourteen equal quarterly installments beginning on December 20, 2023.
F10 Each RSU represents a contingent right to receive one share of Issuer Class B Common Stock.
F11 The remaining RSUs vest in five equal quarterly installments beginning on December 20, 2023.
F12 The remaining RSUs vest on December 20, 2023.