Form 4: HashiCorp Executive Susan St. Ledger Reports Stock Transactions
SEC Form 4 Filing
Susan St. Ledger, President of Worldwide Field Operations at HashiCorp, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On September 20, 2024, Susan St. Ledger, President of Worldwide Field Operations at HashiCorp, exercised restricted stock units (RSUs) converting them into 43,737 shares of Class A Common Stock.
- Concurrently, St. Ledger sold 22,232 shares of Class A Common Stock at a weighted average price of $33.8407 per share, with prices ranging from $33.75 to $33.95.
- These sales were executed to satisfy tax obligations related to the vesting of the RSUs.
- Following these transactions, St. Ledger directly owns 167,747 shares of Class A Common Stock and 306,160 RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock transactions, with no indication of unusual or concerning activity.
Future Outlook
The remaining RSUs will vest in seven equal quarterly installments beginning on December 20, 2024.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Key Dates
| Date | Description |
|---|---|
| 09/20/2024 | Date of RSU exercise and stock sale. |
| 12/20/2024 | Start date for remaining RSUs to vest in equal quarterly installments. |
| 09/23/2024 | Date of Form 4 signature. |
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