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

Signature
/s/ Paul Warenski, by power of attorney
Stock symbol
HCP
Transactions as of
Jun 20, 2023
Transactions value $
-$565,838
Form type
4
Date filed
6/22/2023, 08:16 PM
Previous filing
Jun 5, 2023
Next filing
Jul 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HCP Class A Common Stock Options Exercise +11.9K +54.53% 33.7K Jun 20, 2023 Direct F1, F2
transaction HCP Class A Common Stock Conversion of derivative security +14.6K +43.35% 48.3K Jun 21, 2023 Direct F3
transaction HCP Class A Common Stock Sale -$235K -8.86K -18.32% $26.49 39.5K Jun 21, 2023 Direct F4, F5
transaction HCP Class A Common Stock Sale -$106K -4.02K -10.19% $26.36 35.5K Jun 22, 2023 Direct F6, F7
transaction HCP Class A Common Stock Sale -$225K -8.35K -23.56% $26.96 27.1K Jun 22, 2023 Direct F6, F8
holding HCP Class A Common Stock 1.52M Jun 20, 2023 See footnote F9
holding HCP Class A Common Stock 282K Jun 20, 2023 See footnote F10
holding HCP Class A Common Stock 70K Jun 20, 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 -2.94K -8.33% $0.00 32.3K Jun 20, 2023 Class A Common Stock 2.94K Direct F1, F12
transaction HCP Restricted Stock Units Options Exercise $0 -8.96K -6.25% $0.00 134K Jun 20, 2023 Class A Common Stock 8.96K Direct F1, F13
transaction HCP Restricted Stock Units Options Exercise $0 -6.49K -14.29% $0.00 38.9K Jun 20, 2023 Class B Common Stock 6.49K Direct F14, F15
transaction HCP Restricted Stock Units Options Exercise $0 -8.13K -33.34% $0.00 16.3K Jun 20, 2023 Class B Common Stock 8.13K Direct F14, F16
transaction HCP Class B Common Stock Options Exercise $0 +14.6K +3.04% $0.00 496K Jun 20, 2023 Class A Common Stock 14.6K Direct F3
transaction HCP Class B Common Stock Conversion of derivative security $0 -14.6K -2.95% $0.00 481K Jun 21, 2023 Class A Common Stock 14.6K Direct F3
holding HCP Class B Common Stock 13.3M Jun 20, 2023 Class A Common Stock 13.3M See footnote F3, F9
holding HCP Class B Common Stock 2.06M Jun 20, 2023 Class A Common Stock 2.06M See footnote F3, F10
holding HCP Class B Common Stock 622K Jun 20, 2023 Class A Common Stock 622K 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.