Form 4: HashiCorp Director Todd R. Ford Reports Stock Activity
SEC Form 4 Filing
Director Todd R. Ford reported the vesting of restricted stock units and subsequent acquisition of Class A Common Stock.
Summary
- On June 20, 2024, Todd R. Ford, a director of HashiCorp, Inc., reported a transaction involving restricted stock units (RSUs).
- 839 RSUs vested, each representing a contingent right to receive one share of Issuer Class A Common Stock.
- Following the transaction, Ford directly owns 61,221 shares of Class A Common Stock.
- Ford also directly owns 1,679 derivative securities.
- 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 detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The remaining RSUs vest in two equal quarterly installments beginning on September 20, 2024.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the holdings and transactions of company executives and directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider stock activity.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of transaction: vesting of restricted stock units and acquisition of Class A Common Stock |
| 06/24/2024 | Date of report signature |
| 09/20/2024 | Start date for remaining RSUs vesting in two equal quarterly installments |
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