(IP)

Role: Senior Vice President
Signature: /s/ Vincent T. Smith, attorney-in-fact for Clayton R. Ellis
Issuer symbol: IP
Transactions as of: 18 Nov 2025
Net transactions value: -$693,480
Form type: 4
Filing time: 17 Dec 2025, 09:10:09 UTC
Previous filing: 12 Feb 2025
Next filing: 02 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Ellis Clay R	Senior Vice President	C/O INTERNATIONAL PAPER COMPANY, 6400 POPLAR AVENUE, MEMPHIS	/s/ Vincent T. Smith, attorney-in-fact for Clayton R. Ellis	17 Dec 2025	0001795221

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IP	Common Stock	Sale	$693,480	-18,819	-100%	$36.85	0	18 Nov 2025	By Plan	F1
holding	IP	Common Stock						68,632	18 Nov 2025	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As part of the International Paper Company's (the "Company's") planned divestiture of its Global Cellulose Fibers business to American Industrial Partners ("AIP"), the Company liquidated International Paper common stock held in the Company stock fund of the International Paper Company Salaried Savings Plan and transitioned the resulting cash value for reinvestment in a new savings plan. This transition was an administrative step carried out as part of the broader divestment process and followed established procedures, rather than any discretionary action by eligible contributing employees in the SSP. As a consequence of this liquidation and reinvestment, there was a disposition of units of Shares attributable to Clayton R. Ellis.
F2	Share numbers rounded.

Content

As part of the International Paper Company's (the "Company's") planned divestiture of its Global Cellulose Fibers business to American Industrial Partners ("AIP"), the Company liquidated International Paper common stock held in the Company stock fund of the International Paper Company Salaried Savings Plan and transitioned the resulting cash value for reinvestment in a new savings plan. This transition was an administrative step carried out as part of the broader divestment process and followed established procedures, rather than any discretionary action by eligible contributing employees in the SSP. As a consequence of this liquidation and reinvestment, there was a disposition of units of Shares attributable to Clayton R. Ellis.

Share numbers rounded.

Remarks:

Power of Attorney on file.