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

Role
Chief Technology Officer, Director, 10%+ Owner
Signature
/s/ Paul Warenski, by power of attorney
Stock symbol
HCP
Transactions as of
Oct 20, 2023
Transactions value $
-$38,940
Form type
4
Date filed
10/24/2023, 08:35 PM
Previous filing
Oct 3, 2023
Next filing
Dec 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HCP Class A Common Stock Sale -$38.9K -1.87K -4.73% $20.79 37.7K Oct 20, 2023 Direct F1
holding HCP Class A Common Stock 1.67M Oct 20, 2023 See footnote F2
holding HCP Class A Common Stock 90.4K Oct 20, 2023 See footnote F3
holding HCP Class A Common Stock 282K Oct 20, 2023 See footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 21, 2023.
F2 The shares are held of record by the Armon Dadgar 2020 Charitable Trust.
F3 The shares are held of record by Black Swan III, LLC which the reporting person controls.
F4 The shares are held of record by the Armon Memaran-Dadgar Living Trust for which the reporting person serves as trustee.