Armon Dadgar - 20 Jun 2023 Form 4 Insider Report for HashiCorp, Inc. (HCP)

Signature
/s/ Paul Warenski, by power of attorney
Issuer symbol
HCP
Transactions as of
20 Jun 2023
Transactions value $
-$565,838
Form type
4
Filing time
22 Jun 2023, 20:16:09 UTC
Previous filing
05 Jun 2023
Next filing
06 Jul 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HCP Class A Common Stock Options Exercise +11,897 +54.53% 33,715 20 Jun 2023 Direct F1, F2
transaction HCP Class A Common Stock Conversion of derivative security +14,614 +43.35% 48,329 21 Jun 2023 Direct F3
transaction HCP Class A Common Stock Sale -$234,611 -8,856 -18.32% $26.49 39,473 21 Jun 2023 Direct F4, F5
transaction HCP Class A Common Stock Sale -$106,053 -4,023 -10.19% $26.36 35,450 22 Jun 2023 Direct F6, F7
transaction HCP Class A Common Stock Sale -$225,172 -8,353 -23.56% $26.96 27,097 22 Jun 2023 Direct F6, F8
holding HCP Class A Common Stock 1,520,000 20 Jun 2023 See footnote F9
holding HCP Class A Common Stock 281,994 20 Jun 2023 See footnote F10
holding HCP Class A Common Stock 70,000 20 Jun 2023 See footnote F11

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 -2,940 -8.33% $0 32,343 20 Jun 2023 Class A Common Stock 2,940 Direct F1, F12
transaction HCP Restricted Stock Units Options Exercise $0 -8,957 -6.25% $0 134,361 20 Jun 2023 Class A Common Stock 8,957 Direct F1, F13
transaction HCP Restricted Stock Units Options Exercise $0 -6,488 -14.29% $0 38,925 20 Jun 2023 Class B Common Stock 6,488 Direct F14, F15
transaction HCP Restricted Stock Units Options Exercise $0 -8,126 -33.34% $0 16,250 20 Jun 2023 Class B Common Stock 8,126 Direct F14, F16
transaction HCP Class B Common Stock Options Exercise $0 +14,614 +3.04% $0 495,530 20 Jun 2023 Class A Common Stock 14,614 Direct F3
transaction HCP Class B Common Stock Conversion of derivative security $0 -14,614 -2.95% $0 480,916 21 Jun 2023 Class A Common Stock 14,614 Direct F3
holding HCP Class B Common Stock 13,262,000 20 Jun 2023 Class A Common Stock 13,262,000 See footnote F3, F9
holding HCP Class B Common Stock 2,057,036 20 Jun 2023 Class A Common Stock 2,057,036 See footnote F3, F10
holding HCP Class B Common Stock 621,768 20 Jun 2023 Class A Common Stock 621,768 See footnote F3, F11
* 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 Excludes an aggregate of 851 shares of Class A Common Stock which were previously reported as acquired under the Issuer's employee stock purchase plan (the "ESPP") on June 15, 2022 and December 15, 2022. The reporting person did not participate in the ESPP in 2022.
F3 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.
F4 The reported shares were sold to satisfy the reporting person's tax obligations in connection with the vesting of RSUs.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.26 to $26.675, 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 (5), (7) and (8) to this Form 4.
F6 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 30, 2022.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.73 to $26.71, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.73 to $27.12, inclusive.
F9 The shares are held of record by the Armon Dadgar 2020 Charitable Trust.
F10 The shares are held of record by the Armon Memaran-Dadgar Living Trust for which the reporting person serves as trustee.
F11 The shares are held of record by Black Swan III, LLC which the reporting person controls.
F12 The remaining RSUs vest in eleven equal quarterly installments beginning on September 20, 2023.
F13 The remaining RSUs vest in fifteen equal quarterly installments beginning on September 20, 2023.
F14 Each RSU represents a contingent right to receive one share of Issuer Class B Common Stock.
F15 The remaining RSUs vest in six equal quarterly installments beginning on September 20, 2023.
F16 The remaining RSUs vest in two quarterly installments beginning on September 20, 2023.