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

Role: President, Worldwide Field Ops, Director
Signature: /s/ Paul Warenski, by power of attorney
Stock symbol: HCP
Transactions as of: Dec 20, 2023
Transactions value $: -$492,289
Form type: 4
Date filed: 12/22/2023, 04:51 PM
Previous filing: Sep 20, 2023
Next filing: Mar 22, 2024

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	+59.35%		117K	Dec 20, 2023	Direct	F1
transaction	HCP	Class A Common Stock	Sale	-$492K	-21.6K	-18.37%	$22.83	95.9K	Dec 21, 2023	Direct	F2, F3

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	-9.09%	$0.00	437K	Dec 20, 2023	Class A Common Stock	43.7K		Direct	F1, F4

* 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	The reported shares were sold to satisfy the reporting person's tax obligations in connection with the vesting of RSUs.
F3	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.68 to $23.2301, 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.
F4	The remaining RSUs vest in ten equal quarterly installments beginning on March 20, 2024.