Sigal Zarmi - Dec 20, 2023 Form 4 Insider Report for HashiCorp, Inc. (HCP)

Role: Director
Signature: /s/ Paul Warenski, by power of attorney
Stock symbol: HCP
Transactions as of: Dec 20, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/22/2023, 05:29 PM
Previous filing: Oct 6, 2023
Next filing: Jan 11, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HCP	Class A Common Stock	Options Exercise		+430	+1.22%		35.6K	Dec 20, 2023	Direct	F1
transaction	HCP	Class A Common Stock	Conversion of derivative security		+3.13K	+8.79%		38.7K	Dec 21, 2023	Direct	F2

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	Options Exercise	$0	-430	-100%	$0.00^*	0	Dec 20, 2023	Class A Common Stock	430		Direct	F1, F3
transaction	HCP	Restricted Stock Units	Options Exercise	$0	-3.13K	-16.67%	$0.00	15.6K	Dec 20, 2023	Class B Common Stock	3.13K		Direct	F2, F4
transaction	HCP	Class B Common Stock	Options Exercise	$0	+3.13K		$0.00	3.13K	Dec 20, 2023	Class A Common Stock	3.13K		Direct	F5
transaction	HCP	Class B Common Stock	Conversion of derivative security	$0	-3.13K	-100%	$0.00^*	0	Dec 21, 2023	Class A Common Stock	3.13K		Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit, or RSU, represents a contingent right to receive one share of Class A Common Stock.
F2	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.
F3	The RSUs vested on December 20, 2023.
F4	The remaining RSUs vest in five equal quarterly installments beginning on March 20, 2024.
F5	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.