Navam Welihinda - Mar 31, 2023 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 31, 2023
Transactions value $
-$2,814,563
Form type
4
Date filed
4/3/2023, 07:59 PM
Previous filing
Mar 22, 2023
Next filing
Jun 13, 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 +96.8K +1232.59% 105K Mar 31, 2023 Direct F1
transaction HCP Class A Common Stock Sale -$465K -16.4K -15.7% $28.30 88.2K Mar 31, 2023 Direct F2, F3
transaction HCP Class A Common Stock Sale -$2.35M -80.3K -91.1% $29.24 7.85K Mar 31, 2023 Direct F2, 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 Employee Stock Option (right to buy) Options Exercise $0 -11.8K -18.93% $0.00 50.4K Mar 31, 2023 Class B Common Stock 11.8K $5.32 Direct F5
transaction HCP Class B Common Stock Options Exercise $0 +11.8K +6.54% $0.00 192K Mar 31, 2023 Class A Common Stock 11.8K Direct F1
transaction HCP Class B Common Stock Conversion of derivative security $0 -96.8K -50.45% $0.00 95K Mar 31, 2023 Class A Common Stock 96.8K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 21, 2022.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.81 to $28.80, 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 (3) and (4) to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.81 to $29.50, inclusive.
F5 The shares underlying the option vested as to 25% of the total shares on February 27, 2020 and the remaining shares vest in 36 equal monthly installments thereafter.