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

CTO of HashiCorp, Armon Dadgar, reports changes in beneficial ownership of Class A Common Stock, including dispositions and indirect holdings through trusts and an LLC.

Summary

• Armon Dadgar, the Chief Technology Officer of HashiCorp, filed a Form 4 with the SEC detailing changes in his beneficial ownership of the company's Class A Common Stock.
• On July 12, 2024, Mr. Dadgar disposed of 100,000 shares of Class A Common Stock at a price of $0.
• Following the reported transactions, Mr. Dadgar directly owns 23,234 shares and indirectly owns 1,710,440 shares through various entities.
• The indirect holdings include shares held by the Armon Memaran-Dadgar Living Trust (282,617 shares), the Armon Dadgar 2020 Charitable Trust (1,520,000 shares), and Black Swan III, LLC (90,440 shares), which Mr. Dadgar controls.

Sentiment

Score: 5

Explanation: This is a routine filing related to changes in beneficial ownership, and doesn't inherently indicate positive or negative sentiment. It's a neutral disclosure.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders may be interested in tracking insider transactions as they can provide insights into management's perspective on the company's stock.

Key Dates