Navam Welihinda - 17 Jan 2023 Form 4 Insider Report for HashiCorp, Inc. (HCP)

Role: Chief Financial Officer
Signature: /s/ Paul Warenski, by power of attorney
Issuer symbol: HCP
Transactions as of: 17 Jan 2023
Net transactions value: -$375,105
Form type: 4
Filing time: 18 Jan 2023, 15:36:19 UTC
Previous filing: 22 Dec 2022
Next filing: 03 Feb 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	Conversion of derivative security		+12,500	+159%		20,351	17 Jan 2023	Direct	F1
transaction	HCP	Class A Common Stock	Sale	$375,105	-12,500	-61%	$30.01	7,851	17 Jan 2023	Direct	F2, F3

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	-12,500	-10%	$0.000000	112,169	17 Jan 2023	Class B Common Stock	12,500	$5.32	Direct	F4
transaction	HCP	Class B Common Stock	Options Exercise	$0	+12,500	+6.9%	$0.000000	192,528	17 Jan 2023	Class A Common Stock	12,500		Direct	F1
transaction	HCP	Class B Common Stock	Conversion of derivative security	$0	-12,500	-6.5%	$0.000000	180,028	17 Jan 2023	Class A Common Stock	12,500		Direct	F1

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

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 January 21, 2022.
F3	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.00 to $30.03, 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.
F4	The shares underlying the option vested as to 25% of the total shares on February 27, 2020 and the remaining shares vest in 36 equal monthly installments thereafter.