Armon Dadgar - Feb 1, 2023 Form 4 Insider Report for HashiCorp, Inc. (HCP)

Signature
/s/ Paul Warenski, by power of attorney
Stock symbol
HCP
Transactions as of
Feb 1, 2023
Transactions value $
-$1,439,039
Form type
4
Date filed
2/3/2023, 04:25 PM
Previous filing
Jan 24, 2023
Next filing
Feb 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HCP Class A Common Stock Sale -$761K -23.8K -1.28% $31.94 1.84M Feb 1, 2023 See footnote F1, F2, F3
transaction HCP Class A Common Stock Sale -$403K -12.1K -0.66% $33.34 1.83M Feb 1, 2023 See footnote F1, F3, F4
transaction HCP Class A Common Stock Sale -$70.5K -2.09K -0.11% $33.76 1.82M Feb 1, 2023 See footnote F1, F3, F5
transaction HCP Class A Common Stock Conversion of derivative security +5.84K +8.34% 75.8K Feb 2, 2023 See footnote F6, F7
transaction HCP Class A Common Stock Sale -$205K -5.84K -7.7% $35.02 70K Feb 2, 2023 See footnote F7, F8, F9
holding HCP Class A Common Stock 22.7K Feb 1, 2023 Direct
holding HCP Class A Common Stock 282K Feb 1, 2023 See footnote F10

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 Award $0 +143K $0.00 143K Feb 1, 2023 Class A Common Stock 143K Direct F11, F12
transaction HCP Class B Common Stock Disposed to Issuer $0 -5.84K -0.91% $0.00 633K Feb 2, 2023 Class A Common Stock 5.84K See footnote F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.64 to $32.63, 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 (2), (4), (5) and (9) to this Form 4.
F3 The shares are held of record by the Armon Dadgar 2020 Charitable Trust.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.64 to $33.63, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.64 to $33.88, inclusive.
F6 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.
F7 The shares are held of record by Black Swan III, LLC which the reporting person controls.
F8 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 12, 2022.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.00 to $35.13, inclusive.
F10 The shares are held of record by the Armon Memaran-Dadgar Living Trust for which the reporting person serves as trustee.
F11 Each restricted stock unit, or RSU, represents a contingent right to receive one share of Issuer Class A Common Stock.
F12 The RSUs vest in 16 equal quarterly installments beginning on June 20, 2023.