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

Glenn Solomon, a director at HashiCorp, reported a transaction involving Class A Common Stock and Restricted Stock Units on June 20, 2024.

Summary

• On June 20, 2024, Glenn Solomon, a director of HashiCorp, reported changes in his beneficial ownership of the company's securities.
• The reported transaction involved the acquisition of 486 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
• Following the transaction, Solomon directly owns 1,456 shares of Class A Common Stock.
• Solomon also indirectly owns shares 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 vest in two equal quarterly installments beginning on September 20, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Future Outlook

The remaining RSUs will vest in two equal quarterly installments beginning on September 20, 2024.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is common for publicly traded companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of the company.
• It assures stakeholders that directors' interests are aligned with those of the shareholders through equity ownership.

Key Dates