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

Role
Chief Technology Officer, Director
Signature
/s/ Paul Warenski, by power of attorney
Issuer symbol
HCP
Transactions as of
20 Sep 2023
Transactions value $
$-323,526
Form type
4
Filing time
22 Sep 2023, 18:08:26 UTC
Previous filing
05 Sep 2023
Next filing
25 Sep 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 Options Exercise +11,897 +43.9% 38,994 20 Sep 2023 Direct F1
transaction HCP Class A Common Stock Conversion of derivative security +14,611 +37.5% 53,605 21 Sep 2023 Direct F2
transaction HCP Class A Common Stock Sale $-323,526 -14,023 -26.2% $23.07 39,582 21 Sep 2023 Direct F3, F4
holding HCP Class A Common Stock 1,748,000 20 Sep 2023 See footnote F8
holding HCP Class A Common Stock 281,994 20 Sep 2023 See footnote F9
holding HCP Class A Common Stock 90,440 20 Sep 2023 See footnote F10

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 -9.09% $0.000000 29,403 20 Sep 2023 Class A Common Stock 2,940 Direct F1, F8
transaction HCP Restricted Stock Units Options Exercise $0 -8,957 -6.67% $0.000000 125,404 20 Sep 2023 Class A Common Stock 8,957 Direct F1, F9
transaction HCP Restricted Stock Units Options Exercise $0 -6,487 -16.7% $0.000000 32,438 20 Sep 2023 Class B Common Stock 6,487 Direct F10, F11
transaction HCP Restricted Stock Units Options Exercise $0 -8,124 -50% $0.000000 8,126 20 Sep 2023 Class B Common Stock 8,124 Direct F10, F12
transaction HCP Class B Common Stock Options Exercise $0 +14,611 +3.04% $0.000000 495,527 20 Sep 2023 Class A Common Stock 14,611 Direct F2
transaction HCP Class B Common Stock Conversion of derivative security $0 -14,611 -2.95% $0.000000 480,916 21 Sep 2023 Class A Common Stock 14,611 Direct F2
holding HCP Class B Common Stock 12,844,000 20 Sep 2023 Class A Common Stock 13,262,000 See footnote F2, F5
holding HCP Class B Common Stock 2,057,036 20 Sep 2023 Class A Common Stock 2,057,036 See footnote F2, F6
holding HCP Class B Common Stock 601,328 20 Sep 2023 Class A Common Stock 621,768 See footnote F2, F7
* 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 reported shares were sold to satisfy the reporting person's tax obligations in connection with the vesting of RSUs.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.91 to $23.255, 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.
F5 The shares are held of record by the Armon Dadgar 2020 Charitable Trust.
F6 The shares are held of record by the Armon Memaran-Dadgar Living Trust for which the reporting person serves as trustee.
F7 The shares are held of record by Black Swan III, LLC which the reporting person controls.
F8 The remaining RSUs vest in ten equal quarterly installments beginning on December 20, 2023.
F9 The remaining RSUs vest in fourteen equal quarterly installments beginning on December 20, 2023.
F10 Each RSU represents a contingent right to receive one share of Issuer Class B Common Stock.
F11 The remaining RSUs vest in five equal quarterly installments beginning on December 20, 2023.
F12 The remaining RSUs vest on December 20, 2023.