Form 4: HashiCorp's CTO, Armon Dadgar, Reports Stock Transactions

Armon Dadgar, CTO of HashiCorp, reports the acquisition and disposition of Class A Common Stock, including sales under a Rule 10b5-1 trading plan.

Summary

• On August 22, 2024, Armon Dadgar, the Chief Technology Officer of HashiCorp, engaged in transactions involving Class A Common Stock.
• Dadgar acquired 35,904 shares of Class A Common Stock.
• He also disposed of 35,904 shares of Class A Common Stock at a price of $33.8497 per share.
• These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 7, 2023.
• Following these transactions, Dadgar directly owns 23,234 shares of Class A Common Stock.
• Dadgar indirectly owns 1,520,000 shares through the Armon Dadgar 2020 Charitable Trust, 282,617 shares through the Armon Memaran-Dadgar Living Trust, and 90,440 shares through Black Swan III, LLC.
• He also indirectly holds derivative securities convertible into 3,139,280 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their holdings in the company.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company insiders as an indicator of management's confidence in the company's prospects.

Key Dates