Form 4: HashiCorp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Susan St. Ledger, President of Worldwide Field Operations at HashiCorp, sold shares of Class A Common Stock to cover tax obligations related to the vesting of Restricted Stock Units (RSUs).
Summary
- On June 25, 2024, Susan St. Ledger, President of Worldwide Field Operations at HashiCorp, executed transactions involving Class A Common Stock.
- She acquired 6,434 shares through the vesting of Restricted Stock Units (RSUs).
- Simultaneously, she sold 3,264 shares at a weighted average price of $33.448 per share to satisfy tax obligations related to the RSU vesting.
- Following these transactions, St. Ledger directly owns 146,242 shares of HashiCorp Class A Common Stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects a routine transaction for tax purposes.
Industry Context
This is a routine Form 4 filing, reflecting insider transactions related to equity compensation. Such filings are common and provide transparency into executive stock ownership.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/25/2024 | Date of transaction: RSU vesting and stock sale. |
| 06/26/2024 | Date of signature on the Form 4 filing. |
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