Form 4: HashiCorp's CTO, Armon Dadgar, Sells Shares Under 10b5-1 Trading Plan

Armon Dadgar, HashiCorp's CTO, sold 21,137 shares of Class A Common Stock on June 24, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On June 24, 2024, Armon Dadgar, the Chief Technology Officer of HashiCorp, Inc., sold 21,137 shares of Class A Common Stock.
• The sale was executed under a Rule 10b5-1 trading plan adopted on September 7, 2023.
• The shares were sold at a weighted average price of $33.4757, with individual transactions ranging from $33.29 to $33.52.
• Following the transaction, Dadgar directly owns 23,234 shares.
• Dadgar also indirectly owns 1,520,000 shares through the Armon Dadgar 2020 Charitable Trust, 382,617 shares through the Armon Memaran-Dadgar Living Trust, and 90,440 shares through Black Swan III, LLC.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an insider stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sale by a key executive could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates