HashiCorp (HCP) CTO Dadgar sold 35,904 shares for $1.21M at $33.71 under a 10b5-1 plan
Insider transactions reported
Armon Dadgar (Chief Technology Officer at HashiCorp Inc., HCP) reported that they sold 35,904 shares for $1.21M at $33.71, and acquired 35,904 shares on Aug 2, 2024. After these transactions the filing shows 1,520,000 shares held indirectly (See footnote).
- Reporting person
- Dadgar Armon
- Role
- CHIEF TECHNOLOGY OFFICER
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Aug 2, 2024 | Conversion of a derivative (C) | Class A Common Stock1, 2 | +35,904 | - | - | 1,555,904 indirect |
| Aug 2, 2024 | Open-market sale (S) | Class A Common Stock2, 3, 4 | -35,904 | $33.71 | $1.21M | 1,520,000 indirect |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Aug 2, 2024 | Conversion of a derivative (C) | Class B Common StockOn 35,904 Class A Common Stock1, 2 | -35,904 | - | - | 12,338,892 indirect |
Holdings before and after
- Class B Common Stock: 12,374,796 to 12,338,892 indirect, See footnote
Other positions listed
- Class A Common Stock: 23,234 direct
- Class A Common Stock: 282,617 indirect, See footnote
- Class A Common Stock: 90,440 indirect, See footnote
Footnotes from the filing
- 1. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
- 2. The shares are held of record by the Armon Dadgar 2020 Charitable Trust.
- 3. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 7, 2023.
- 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.64 to $33.79, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
- 5. The shares are held of record by the Armon Memaran-Dadgar Living Trust for which the reporting person serves as trustee.
- 6. The shares are held of record by Black Swan III, LLC which the reporting person controls.
Transaction codes in this filing
- Open-market sale:
- Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
- Conversion of a derivative:
- Code C marks the conversion of a derivative, such as preferred stock or units, into another security.
FAQ
What did Dadgar report in this HCP Form 4?
Armon Dadgar (Chief Technology Officer at HashiCorp Inc., HCP) reported that they sold 35,904 shares for $1.21M at $33.71, and acquired 35,904 shares on Aug 2, 2024. After these transactions the filing shows 1,520,000 shares held indirectly (See footnote).
How many HCP shares does Dadgar hold after this filing?
The filing shows 1,520,000 shares held indirectly (See footnote) after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
Was this HCP insider sale made under a 10b5-1 plan?
The filing's footnotes mention a Rule 10b5-1 trading plan. Such a plan sets the terms of future trades in advance.
What does transaction code S mean on an SEC Form 4?
Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
Historical context for HCP
Earlier insider filings at HCP
- Jul 24, 2024CHIEF FINANCIAL OFFICER Welihinda Navam converted options into 1,000 shares and sold $167,487 worth of shares (5,000 units at $33.50), decreasing direct ownership by 4% to 91,485 units (SEC Form 4)
- Jul 24, 2024CHIEF TECHNOLOGY OFFICER Dadgar Armon converted options into 35,904 shares and sold $1,202,673 worth of shares (35,904 units at $33.50) (SEC Form 4)
- Jul 15, 2024CHIEF TECHNOLOGY OFFICER Dadgar Armon gifted 100,000 shares (SEC Form 4)
- Jul 11, 2024CHIEF MARKETING OFFICER Holmes Marc converted options into 13,916 shares and sold $465,610 worth of shares (13,916 units at $33.46) (SEC Form 4)
- Jul 5, 2024CHIEF TECHNOLOGY OFFICER Dadgar Armon converted options into 35,904 shares and sold $1,207,681 worth of shares (35,904 units at $33.64) (SEC Form 4)
- Market cap
- 30-day
- Sector
- Technology
- Industry
- EDP Services
- Listed since
- 2021
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