GGV Capital V L.L.C. - Sep 6, 2023 Form 4 Insider Report for HashiCorp, Inc. (HCP)

Role: 10%+ Owner
Signature: GGV Capital V L.L.C., by /s/ Glenn Solomon, Managing Director
Stock symbol: HCP
Transactions as of: Sep 6, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/8/2023, 09:30 PM
Previous filing: Jul 19, 2023
Next filing: Oct 13, 2023
SEC: View on sec.gov

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	$0	+1.05M		$0.00	1.05M	Sep 6, 2023	By GGV Capital V L.P.	F1, F2
transaction	HCP	Class A Common Stock	Conversion of derivative security	$0	+38.5K		$0.00	38.5K	Sep 6, 2023	By GGV Capital V Entrepreneurs Fund L.P.	F1, F3
transaction	HCP	Class A Common Stock	Other	$0	-1.05M	-100%	$0.00^*	0	Sep 6, 2023	By GGV Capital V L.P.	F2, F4
transaction	HCP	Class A Common Stock	Other	$0	-38.5K	-100%	$0.00^*	0	Sep 6, 2023	By GGV Capital V Entrepreneurs Fund L.P.	F3, F5
transaction	HCP	Class A Common Stock	Other	$0	+243K	+209.97%	$0.00	358K	Sep 6, 2023	Direct	F6, F7
transaction	HCP	Class A Common Stock	Other	$0	-213K	-59.49%	$0.00	145K	Sep 6, 2023	Direct	F7, F8

Showing 1 to 6 of 6 entries

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		-1.05M	-9.09%		10.5M	Sep 6, 2023	Class A Common Stock	1.05M		By GGV Capital V L.P.	F1, F2, F9
transaction	HCP	Class B Common Stock	Conversion of derivative security		-38.5K	-9.09%		385K	Sep 6, 2023	Class A Common Stock	38.5K		By GGV Capital V Entrepreneurs Fund L.P.	F1, F3, F9

* 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 was converted into one share of Class A Common Stock for no additional consideration at the option of the Reporting Person and had no expiration date.
F2	The shares are held of record by GGV Capital V L.P. ("GGV V LP"). GGV Capital V L.L.C. ("GGV V LLC") serves as the general partner of GGV V LP and may be deemed to have voting and dispositive power over the shares held by GGV V LP. GGV V LLC disclaims beneficial ownership of such shares, except to the extent of its proportionate pecuniary interest therein.
F3	The shares are held of record by GGV Capital V Entrepreneurs Fund L.P. ("GGV Entrepreneurs"). GGV V LLC serves as the general partner of GGV Entrepreneurs and may be deemed to have voting and dispositive power over the shares held by GGV Entrepreneurs. GGV V LLC disclaims beneficial ownership of such shares, except to the extent of its proportionate pecuniary interest therein.
F4	Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by GGV V LP to its general partner and limited partners without additional consideration.
F5	Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by GGV Entrepreneurs to its limited partners without additional consideration.
F6	Represents receipt of shares in the distribution in kind described in footnote (4).
F7	The shares are held of record by GGV V LLC.
F8	Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by GGV V LLC to its members without additional consideration.
F9	Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the Reporting Person's election and has no expiration date.