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

Role
Chief Revenue Officer
Signature
/s/ Paul Warenski, by power of attorney
Issuer symbol
HCP
Transactions as of
20 Sep 2023
Transactions value $
-$776,539
Form type
4
Filing time
22 Sep 2023, 18:16:08 UTC
Previous filing
13 Sep 2023
Next filing
31 May 2024
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 +11,198 +7.65% 157,533 20 Sep 2023 Direct F1
transaction HCP Class A Common Stock Conversion of derivative security +54,325 +34.48% 211,858 21 Sep 2023 Direct F2
transaction HCP Class A Common Stock Sale -$776,539 -33,654 -15.89% $23.07 178,204 21 Sep 2023 Direct F3, 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 Restricted Stock Units Options Exercise $0 -3,360 -9.09% $0 33,603 20 Sep 2023 Class A Common Stock 3,360 Direct F1, F5
transaction HCP Restricted Stock Units Options Exercise $0 -7,838 -6.67% $0 109,729 20 Sep 2023 Class A Common Stock 7,838 Direct F1, F6
transaction HCP Restricted Stock Units Options Exercise $0 -4,325 -16.67% $0 21,625 20 Sep 2023 Class B Common Stock 4,325 Direct F7, F8
transaction HCP Restricted Stock Units Options Exercise $0 -50,000 -50% $0 50,000 20 Sep 2023 Class B Common Stock 50,000 Direct F7, F9
transaction HCP Class B Common Stock Options Exercise $0 +54,325 +22.46% $0 296,225 20 Sep 2023 Class A Common Stock 54,325 Direct F2
transaction HCP Class B Common Stock Conversion of derivative security $0 -54,325 -18.34% $0 241,900 21 Sep 2023 Class A Common Stock 54,325 Direct F2
* 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 $22.895 to $23.25, 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 remaining RSUs vest in ten equal quarterly installments beginning on December 20, 2023.
F6 The remaining RSUs vest in fourteen equal quarterly installments beginning on December 20, 2023.
F7 Each RSU represents a contingent right to receive one share of Class B Common Stock.
F8 The remaining RSUs vest in five equal quarterly installments beginning on December 20, 2023.
F9 The remaining RSUs vest on December 20, 2023.