Form 4: HashiCorp CTO Armon Dadgar Reports Stock Sale
SEC Form 4
Armon Dadgar, CTO of HashiCorp, sold 35,904 shares of Class A Common Stock at an average price of $33.8306.
Summary
- Armon Dadgar, the Chief Technology Officer of HashiCorp, reported a transaction involving the company's stock.
- On September 3, 2024, Dadgar sold 35,904 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $33.8306 per share.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on September 7, 2023.
- Following the transaction, Dadgar directly owns 23,234 shares of Class A Common Stock.
- Dadgar also indirectly owns a significant number of shares through various trusts and entities.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider trading activity. It's common for executives to have pre-arranged trading plans to sell shares over time.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 09/07/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 09/03/2024 | Date of stock sale transaction |
| 09/04/2024 | Date of Form 4 filing |
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