Ledger Susan St. - Sep 20, 2023 Form 4 Insider Report for HashiCorp, Inc. (HCP)

Role
President, Worldwide Field Ops
Signature
/s/ Paul Warenski, by power of attorney
Stock symbol
HCP
Transactions as of
Sep 20, 2023
Transactions value $
-$507,478
Form type
4
Date filed
9/22/2023, 05:15 PM
Previous filing
Aug 24, 2023
Next filing
Dec 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HCP Class A Common Stock Options Exercise +43.7K +107.48% 84.4K Sep 20, 2023 Direct F1
transaction HCP Class A Common Stock Conversion of derivative security +11.3K +13.32% 95.7K Sep 21, 2023 Direct F2
transaction HCP Class A Common Stock Sale -$507K -22K -22.98% $23.08 73.7K Sep 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 -43.7K -8.33% $0.00 481K Sep 20, 2023 Class A Common Stock 43.7K Direct F1, F5
transaction HCP Restricted Stock Units Options Exercise $0 -11.3K -100% $0.00* 0 Sep 20, 2023 Class B Common Stock 11.3K Direct F6, F7
transaction HCP Class B Common Stock Options Exercise $0 +11.3K +10.53% $0.00 118K Sep 20, 2023 Class A Common Stock 11.3K Direct F2
transaction HCP Class B Common Stock Conversion of derivative security $0 -11.3K -9.53% $0.00 107K Sep 21, 2023 Class A Common Stock 11.3K Direct F2
* 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 $22.90 to $23.25, 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 11 equal, quarterly installments beginning on December 20, 2023.
F6 Each RSU represents a contingent right to receive one share of Issuer Class B Common Stock.
F7 The remaining RSUs vested on September 20, 2023.