Navam Welihinda - Dec 20, 2023 Form 4 Insider Report for HashiCorp, Inc. (HCP)

Signature
/s/ Paul Warenski, by power of attorney
Stock symbol
HCP
Transactions as of
Dec 20, 2023
Transactions value $
-$753,482
Form type
4
Date filed
12/22/2023, 04:47 PM
Previous filing
Dec 7, 2023
Next filing
Dec 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 +59.4K +94.47% 122K Dec 20, 2023 Direct F1, F2
transaction HCP Class A Common Stock Conversion of derivative security +7.57K +6.19% 130K Dec 21, 2023 Direct F3
transaction HCP Class A Common Stock Sale -$753K -33K -25.46% $22.80 96.7K Dec 21, 2023 Direct F4, F5

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 -47.5K -50% $0.00 47.5K Dec 20, 2023 Class A Common Stock 47.5K Direct F1, F6
transaction HCP Restricted Stock Units Options Exercise $0 -3.36K -10% $0.00 30.2K Dec 20, 2023 Class A Common Stock 3.36K Direct F1, F7
transaction HCP Restricted Stock Units Options Exercise $0 -8.51K -7.14% $0.00 111K Dec 20, 2023 Class A Common Stock 8.51K Direct F1, F8
transaction HCP Restricted Stock Units Options Exercise $0 -7.57K -20% $0.00 30.3K Dec 20, 2023 Class B Common Stock 7.57K Direct F9, F10
transaction HCP Class B Common Stock Options Exercise $0 +7.57K +8.9% $0.00 92.6K Dec 20, 2023 Class A Common Stock 7.57K Direct F3, F11
transaction HCP Class B Common Stock Conversion of derivative security $0 -7.57K -8.17% $0.00 85K Dec 21, 2023 Class A Common Stock 7.57K Direct F3
* 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 Includes 386 shares of Class A Common Stock acquired under the Issuer's Employee Stock Purchase Plan on December 15, 2023.
F3 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.
F4 The reported shares were sold to satisfy the reporting person's tax obligations in connection with the vesting of RSUs.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.675 to $23.1601, 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.
F6 The remaining RSUs vest in eight equal quarterly installments beginning on March 20, 2024.
F7 The remaining RSUs vest in nine equal quarterly installments beginning on March 20, 2024.
F8 The remaining RSUs vest in 13 equal quarterly installments beginning on March 20, 2024.
F9 Each RSU represents a contingent right to receive one share of Class B Common Stock.
F10 The remaining RSUs vest in four equal quarterly installments beginning on March 20, 2024.
F11 In the Form 4 filed with the SEC on December 7, 2023, the amount of Class B shares reported as directly held by the reporting person was incorrectly reported as 85,208 shares instead of 85,028 shares. The total amount of shares in this Form 4 reflects the correction to the prior report.