Armon Dadgar - Jan 23, 2023 Form 4 Insider Report for HashiCorp, Inc. (HCP)

Role
Chief Technology Officer,, Director, 10%+ Owner
Signature
/s/ Paul Warenski, by power of attorney
Stock symbol
HCP
Transactions as of
Jan 23, 2023
Transactions value $
-$1,107,435
Form type
4
Date filed
1/24/2023, 06:47 PM
Previous filing
Jan 4, 2023
Next filing
Feb 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HCP Class A Common Stock Conversion of derivative security +380K +25% 1.9M Jan 23, 2023 See footnote F1, F2
transaction HCP Class A Common Stock Sale -$210K -7.31K -0.38% $28.67 1.89M Jan 23, 2023 See footnote F2, F3, F4
transaction HCP Class A Common Stock Sale -$898K -30.7K -1.62% $29.26 1.86M Jan 23, 2023 See footnote F2, F3, F5
holding HCP Class A Common Stock 22.7K Jan 23, 2023 Direct
holding HCP Class A Common Stock 282K Jan 23, 2023 See footnote F6
holding HCP Class A Common Stock 70K Jan 23, 2023 See footnote F7

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 Class B Common Stock Conversion of derivative security $0 -380K -2.79% $0.00 13.3M Jan 23, 2023 Class A Common Stock 380K See footnote F1, F2
holding HCP Class B Common Stock 481K Jan 23, 2023 Class A Common Stock 481K Direct F1
holding HCP Class B Common Stock 2.06M Jan 23, 2023 Class A Common Stock 2.06M See footnote F1, F6
holding HCP Class B Common Stock 639K Jan 23, 2023 Class A Common Stock 639K See footnote F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The shares are held of record by the Armon Dadgar 2020 Charitable Trust.
F3 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 6, 2022.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.01 to $29.00, 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 within the ranges set forth in footnotes (4) and (5) to this Form 4.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.01 to $29.56, inclusive.
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.