Form 4: HashiCorp Executive Susan St. Ledger Reports Stock Transactions

Susan St. Ledger, President of Worldwide Field Operations at HashiCorp, reported the vesting of restricted stock units and subsequent tax withholding.

Summary

• On December 20, 2024, Susan St. Ledger, President of Worldwide Field Operations at HashiCorp, exercised restricted stock units (RSUs) converting into 43,737 shares of Class A Common Stock.
• Following the transaction, St. Ledger directly owns 211,484 shares of Class A Common Stock.
• 22,109 shares were withheld to cover the reporting person's tax obligations related to the vesting of the RSUs at a price of $34.22.
• After the tax withholding, St. Ledger directly owns 189,375 shares of Class A Common Stock.
• St. Ledger continues to hold 262,423 restricted stock units.
• The remaining RSUs vest in six equal quarterly installments beginning on March 20, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.

Future Outlook

The remaining RSUs vest in six equal quarterly installments beginning on March 20, 2025.

Industry Context

This is a routine Form 4 filing, indicating insider transactions related to equity compensation. It's common for executives to receive stock options or RSUs as part of their compensation packages, and their exercise and subsequent sale or withholding for taxes are regularly reported.

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly traded technology companies like HashiCorp.
• Companies such as Datadog, Snowflake, and CrowdStrike also utilize RSUs and stock options to incentivize and retain key personnel.
• The vesting schedules and tax withholding practices are generally consistent with industry norms.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the vesting of existing equity compensation.
• Employees may be interested in the details of executive compensation.

Key Dates