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

Armon Dadgar, HashiCorp's CTO, sold 35,904 shares of Class A Common Stock at a weighted average price of $24.3105, executed under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 22, 2024, Armon Dadgar, the Chief Technology Officer of HashiCorp, Inc., sold 35,904 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $24.3105 per share, with individual prices ranging from $23.93 to $24.57.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on September 7, 2023.
• Following the transaction, Dadgar directly owns 118,864 shares of Class A Common Stock.
• Dadgar also indirectly owns 1,625,260 shares through the Armon Dadgar 2020 Charitable Trust, 281,994 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 a stock sale under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

Sales by company insiders are routinely monitored by investors. Rule 10b5-1 plans allow insiders to sell shares over a predetermined period, mitigating concerns about trading on non-public information.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates