Form 4: HashiCorp Director Glenn Solomon Reports Changes in Beneficial Ownership

Director Glenn Solomon reports a transaction involving HashiCorp Class A Common Stock and Restricted Stock Units.

Summary

• On September 20, 2024, Glenn Solomon, a director of HashiCorp, Inc., reported changes in beneficial ownership of Class A Common Stock and Restricted Stock Units (RSUs).
• Solomon acquired 486 shares of Class A Common Stock through the vesting of RSUs.
• Following the transaction, Solomon directly owns 8,376 shares of Class A Common Stock.
• Solomon also has indirect ownership through various entities including GGV Capital V L.L.C (174,152 shares), a family trust (375,289 and 32,629 shares), GGV Capital Select L.P. (476,666 shares), and GGV Capital LLC (8,172 shares).
• The remaining RSUs, totaling 486, vest on December 20, 2024.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. It simply reports a transaction and doesn't inherently indicate positive or negative sentiment.

Future Outlook

The document indicates the vesting of remaining RSUs on December 20, 2024, which will result in the issuance of additional Class A Common Stock.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity by a director, which is typical for publicly traded companies.

Stakeholder Impact

• The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares upon RSU vesting.

Key Dates