Form 4: HashiCorp CTO Armon Dadgar Reports Stock Sale

Armon Dadgar, CTO of HashiCorp, sold 35,904 shares of Class A Common Stock at a price of $33.7082 per share, according to a Form 4 filing.

Summary

• Armon Dadgar, the Chief Technology Officer of HashiCorp, filed a Form 4 with the SEC.
• The filing reports a transaction that occurred on August 2, 2024.
• Dadgar sold 35,904 shares of Class A Common Stock at a price of $33.7082 per share.
• The sale was executed 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 1,520,000 shares through the Armon Dadgar 2020 Charitable Trust, 282,617 shares through the Armon Memaran-Dadgar Living Trust, and 90,440 shares through Black Swan III, LLC.
• Dadgar indirectly holds derivative securities convertible into 12,338,892 shares of Class A Common Stock through the Armon Dadgar 2020 Charitable Trust, 2,057,036 shares through the Armon Memaran-Dadgar Living Trust, and 601,328 shares through Black Swan III, LLC.
• Dadgar directly holds derivative securities convertible into 480,916 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale. It doesn't contain any information that would significantly sway sentiment positively or negatively. The sale was conducted under a pre-arranged plan, which mitigates potential negative interpretations.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives to sell shares under pre-arranged trading plans to avoid accusations of trading on inside information. The sale itself doesn't necessarily indicate a negative outlook for the company.

Stakeholder Impact

• The stock sale by a key executive could be perceived negatively by some shareholders, although the existence of a pre-arranged trading plan mitigates this concern.

Key Dates