Navam Welihinda - Mar 20, 2024 Form 4 Insider Report for HashiCorp, Inc. (HCP)

Role
Chief Financial Officer
Signature
/s/ Paul Warenski, by power of attorney
Stock symbol
HCP
Transactions as of
Mar 20, 2024
Transactions value $
-$250,742
Form type
4
Date filed
3/22/2024, 04:48 PM
Previous filing
Feb 28, 2024
Next filing
Mar 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HCP Class A Common Stock Options Exercise +17.8K +28.34% 80.7K Mar 20, 2024 Direct F1
transaction HCP Class A Common Stock Conversion of derivative security +7.57K +9.38% 88.2K Mar 20, 2024 Direct F2
transaction HCP Class A Common Stock Sale -$251K -9.15K -10.38% $27.39 79.1K Mar 21, 2024 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 -5.94K -12.5% $0.00 41.6K Mar 20, 2024 Class A Common Stock 5.94K Direct F1, F5
transaction HCP Restricted Stock Units Options Exercise $0 -3.36K -11.11% $0.00 26.9K Mar 20, 2024 Class A Common Stock 3.36K Direct F1, F6
transaction HCP Restricted Stock Units Options Exercise $0 -8.51K -7.69% $0.00 102K Mar 20, 2024 Class A Common Stock 8.51K Direct F1, F7
transaction HCP Restricted Stock Units Options Exercise $0 -7.57K -25% $0.00 22.7K Mar 20, 2024 Class B Common Stock 7.57K Direct F8, F9
transaction HCP Class B Common Stock Options Exercise $0 +7.57K +10.81% $0.00 77.6K Mar 20, 2024 Class A Common Stock 7.57K Direct F2
transaction HCP Class B Common Stock Conversion of derivative security $0 -7.57K -9.75% $0.00 70K Mar 21, 2024 Class A Common Stock 7.57K 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 $27.135 to $27.93, 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 seven equal quarterly installments beginning on June 20, 2024.
F6 The remaining RSUs vest in eight equal quarterly installments beginning on June 20, 2024.
F7 The remaining RSUs vest in 12 equal quarterly installments beginning on June 20, 2024.
F8 Each RSU represents a contingent right to receive one share of Class B Common Stock.
F9 The remaining RSUs vest in three equal quarterly installments beginning on June 20, 2024.