Form 4: HashiCorp Executive Marc Holmes Reports Stock Transactions

Chief Marketing Officer Marc Holmes of HashiCorp, Inc. reports transactions involving Class A and Class B Common Stock, including acquisitions, disposals, and conversions related to Restricted Stock Units (RSUs).

Summary

• On December 20, 2024, Marc Holmes, Chief Marketing Officer of HashiCorp, Inc., reported several transactions involving the company's stock.
• These transactions included the acquisition of 21,372 Class A Common Stock shares through the vesting of Restricted Stock Units (RSUs).
• Additionally, 8,650 Class A Common Stock shares were acquired through the conversion of Class B Common Stock.
• 11,718 shares were disposed of to cover tax liabilities related to RSU vesting at a price of $34.22 per share.
• Following these transactions, Holmes directly owns 27,058 shares of Class A Common Stock.
• The transactions also involved derivative securities, specifically RSUs, with various vesting schedules.
• Some RSUs vest in equal quarterly installments beginning on March 20, 2025, over periods ranging from three to thirteen quarters.
• Holmes also converted 8,650 Class B Common Stock shares into Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing detailing stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Future Outlook

The remaining RSUs vest in equal quarterly installments beginning on March 20, 2025, over varying periods.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock. It's a standard practice for publicly traded companies.

Stakeholder Impact

• Shareholders are informed about the insider trading activities of a key executive.
• The transactions may have a minor impact on the stock's supply and demand.

Key Dates