Form 4: HashiCorp CTO Armon Dadgar Reports Stock Sale and Trust Transactions

HashiCorp's Chief Technology Officer, Armon Dadgar, reported the sale of 35,904 shares of Class A Common Stock and transactions involving shares held in trusts and an LLC.

Summary

• On October 22, 2024, Armon Dadgar, the Chief Technology Officer of HashiCorp, Inc., reported a transaction involving the sale of 35,904 shares of Class A Common Stock at a price of $33.8202 per share.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 7, 2023.
• Following the reported transaction, Dadgar directly owns 27,275 shares of Class A Common Stock.
• Dadgar also indirectly owns a significant number of shares through the Armon Dadgar 2020 Charitable Trust (1,520,000 Class A Common Stock), the Armon Memaran-Dadgar Living Trust (282,617 Class A Common Stock), and Black Swan III, LLC (90,440 Class A Common Stock).
• Additionally, Dadgar indirectly holds 12,159,372 shares of Class B 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.
• Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider and is a common occurrence for publicly traded companies. It provides transparency into the trading activities of key personnel.

Stakeholder Impact

• The stock sale by a key executive could be perceived negatively by some shareholders, but the existence of a pre-arranged trading plan mitigates concerns about opportunistic trading.

Key Dates