HashiCorp stock & equity tools

HashiCorp, Inc. is an American software company and subsidiary of IBM based in San Francisco, California. HashiCorp provides tools and products that enable developers, operators and security professionals to provision, secure, run and connect cloud-computing infrastructure. It was founded in 2012 by Mitchell Hashimoto and Armon Dadgar. The company name HashiCorp is a portmanteau of co-founder last name Hashimoto and Corporation.

Source: Wikipedia (CC BY-SA 4.0)

Mitchell Hashimoto and Armon Dadgar founded HashiCorp in 2012 after meeting as freshmen at the University of Washington. The company builds open-source infrastructure tooling used to provision, secure, and connect cloud environments, with Terraform (infrastructure-as-code) and Vault (secrets management) as its flagship products. IBM acquired HashiCorp on February 27, 2025 in an all-cash deal at $35 per share, totaling $6.4 billion, after regulatory clearance from the FTC and the UK's Competition and Markets Authority.

Sources: hashicorp.com · techcrunch.com · newsroom.ibm.com

Equity comp at HashiCorp

• IBM completed its acquisition of HashiCorp in June 2024 for approximately $6.4 billion ($35 per share). All outstanding HashiCorp equity converted to IBM cash consideration at closing. There is no longer a standalone HashiCorp equity position; former HashiCorp employees now receive IBM RSUs or cash under IBM's standard equity programs.
• RSUs use single-trigger vesting: shares become yours as each portion vests on schedule, and the value is taxed as ordinary income at that point. No IPO or acquisition is required.

Sources: ibm.com

Researched 2026-05-07.