Armon Dadgar - Feb 1, 2022 Form 4 Insider Report for HashiCorp, Inc. (HCP)

Role
Chief Technology Officer, Director
Signature
/s/ Paul Warensky, by power of attorney
Stock symbol
HCP
Transactions as of
Feb 1, 2022
Transactions value $
-$269,199
Form type
4
Date filed
3/22/2022, 09:05 PM
Previous filing
May 16, 2022
Next filing
Jun 22, 2022

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 +5.61K 5.61K Mar 21, 2022 Direct F1
transaction HCP Class A Common Stock Sale -$269K -5.61K -100% $48.03 0 Mar 21, 2022 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 Restricted Stock Units Award $0 +47K $0.00 47K Feb 1, 2021 Class A Common Stock 47K Direct F4, F5
transaction HCP Restricted Stock Units Options Exercise $0 -6.49K -8.33% $0.00 71.4K Mar 20, 2022 Class B Common Stock 6.49K Direct F6, F7
transaction HCP Restricted Stock Units Options Exercise $0 -8.12K -12.5% $0.00 56.9K Mar 20, 2022 Class B Common Stock 8.12K Direct F6, F8
transaction HCP Class B Common Stock Options Exercise $0 +14.6K +20.39% $0.00 86.3K Mar 20, 2022 Class A Common Stock 14.6K Direct F1
transaction HCP Class B Common Stock Conversion of derivative security $0 -5.61K -6.5% $0.00 80.7K Mar 21, 2022 Class A Common Stock 5.61K Direct F1
holding HCP Class B Common Stock 15.2M Feb 1, 2022 Class A Common Stock 15.2M See footnote F1, F9, F10
holding HCP Class B Common Stock 2.34M Feb 1, 2022 Class A Common Stock 2.34M See footnote F1, F11
holding HCP Class B Common Stock 709K Feb 1, 2022 Class A Common Stock 709K See footnote F1, F12, F13
* 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 reported shares were sold to satisfy the reporting person's tax obligations in connection with the vesting of restricted stock units, or RSUs.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.00 to $48.21, 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 Each RSU represents a contingent right to receive one share of Issuer Class A Common Stock.
F5 The RSUs vest in sixteen equal quarterly installments beginning on June 20, 2022.
F6 Each RSU represents a contingent right to receive one share of Issuer Class B Common Stock.
F7 The RSUs vest in eleven equal quarterly installments beginning on March 20, 2022.
F8 The RSUs vest in seven quarterly installments beginning on June 20, 2022.
F9 Excludes 9,288 shares of Class B common stock that were previously reported as held directly by the Armon Dadgar 2020 Charitable Trust (the "Charitable Trust") and were re-registered prior to the Issuer's initial public offering to Black Swan III, LLC which the reporting person controls ("Black Swan").
F10 The shares are held of record by the Armon Dadgar 2020 Charitable Trust.
F11 The shares are held of record by the Armon Memaran-Dadgar Living Trust for which the reporting person serves as trustee.
F12 Includes 9,288 shares of Class B common stock that were previously reported as held directly by the Charitable Trust and were re-registered prior to the Issuer's initial public offering to Black Swan.
F13 The shares are held of record by Black Swan.