Marc Holmes - Oct 10, 2023 Form 4 Insider Report for HashiCorp, Inc. (HCP)

Role
Chief Marketing Officer
Signature
/s/ Paul Warenski, by power of attorney
Stock symbol
HCP
Transactions as of
Oct 10, 2023
Transactions value $
-$309,449
Form type
4
Date filed
10/11/2023, 07:55 PM
Previous filing
Sep 22, 2023
Next filing
Nov 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HCP Class A Common Stock Options Exercise +13.9K +225.98% 20.1K Oct 10, 2023 Direct F1
transaction HCP Class A Common Stock Sale -$292K -13.1K -65.5% $22.21 6.93K Oct 10, 2023 Direct F2, F3
transaction HCP Class A Common Stock Sale -$17.4K -767 -11.08% $22.63 6.16K Oct 10, 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 -13.9K -4.85% $0.00 273K Oct 10, 2023 Class B Common Stock 13.9K $5.32 Direct F5
transaction HCP Class B Common Stock Options Exercise $0 +13.9K $0.00 13.9K Oct 10, 2023 Class A Common Stock 13.9K Direct F1
transaction HCP Class B Common Stock Conversion of derivative security $0 -13.9K -100% $0.00* 0 Oct 10, 2023 Class A Common Stock 13.9K 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 June 23, 2023.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.60 to $22.58, 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 $22.61 to $22.66, inclusive.
F5 Shares subject to the option are fully vested and immediately exercisable.