ALEX CHO - 21 Jun 2024 Form 4 Insider Report for HP INC (HPQ)

Role
President, Personal Systems
Signature
/s/ Rick Hansen as Attorney-in-Fact for Alex Cho
Issuer symbol
HPQ
Transactions as of
21 Jun 2024
Net transactions value
-$2,152,093
Form type
4
Filing time
24 Jun 2024, 17:06:48 UTC
Previous filing
30 May 2024
Next filing
02 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HPQ Common Stock Options Exercise $4,099,884 +173,137 +268% $23.68 237,813 21 Jun 2024 Direct
transaction HPQ Common Stock Sale $6,251,977 -173,137 -73% $36.11 64,676 21 Jun 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HPQ Performance Contingent Stock Options Options Exercise $0 -173,137 -67% $0.000000 86,569 21 Jun 2024 Common Stock 173,137 $23.68 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 3/21/2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.10-$36.17, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 On 12/7/2020, the reporting person was granted performance contingent options to purchase a total of 259,706 shares. The stock options vest 33.3% on each of the first two anniversaries of the grant date, and 33.4% on the third anniversary, in each case subject to the satisfaction of certain stock price performance conditions being met within five years following the grant date.