Form 4: HashiCorp CTO Armon Dadgar Reports Changes in Beneficial Ownership

Armon Dadgar, Chief Technology Officer of HashiCorp, reports transactions involving Class A and Class B Common Stock, including acquisitions, disposals, and vesting of Restricted Stock Units (RSUs).

Summary

• Armon Dadgar, the Chief Technology Officer of HashiCorp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The transactions occurred on December 20, 2024, and involved Class A Common Stock and Restricted Stock Units (RSUs).
• Dadgar acquired 37,992 shares of Class A Common Stock and 6,488 shares through conversion of Class B Common Stock.
• He also disposed of 22,607 shares of Class A Common Stock to cover tax liabilities related to RSU vesting at a price of $34.22.
• The filing also indicates the vesting of several tranches of RSUs, resulting in the acquisition of Class A Common Stock.
• Dadgar directly owns 49,148 shares of Class A Common Stock following the reported transactions.
• He also indirectly owns shares through the Armon Dadgar 2020 Charitable Trust (1,520,000 shares), the Armon Memaran-Dadgar Living Trust (282,617 shares), and Black Swan III, LLC (90,440 shares).
• The filing details the remaining vesting schedules for various RSU grants, with installments beginning on March 20, 2025.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. It simply reports transactions and doesn't inherently indicate positive or negative sentiment about the company's performance.

Future Outlook

The remaining RSUs vest in future quarterly installments beginning on March 20, 2025.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the trading activities of key personnel and their holdings in the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It can influence investor sentiment depending on the perceived reasons behind the transactions.

Key Dates