Sandra L. Rivera - Jan 31, 2022 Form 4 Insider Report for INTEL CORP (INTC)

Role: EVP & GM, Datacenter and AI
Signature: /s/ Alex Shukhman, attorney-in-fact
Stock symbol: INTC
Transactions as of: Jan 31, 2022
Transactions value $: -$881,826
Form type: 4
Date filed: 2/2/2022, 08:07 PM
Previous filing: Feb 1, 2022
Next filing: May 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INTC	Common Stock	Options Exercise		+41.1K	+23.89%		213K	Jan 31, 2022	Direct	F1
transaction	INTC	Common Stock	Tax liability	-$882K	-18.3K	-8.59%	$48.09	195K	Jan 31, 2022	Direct

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	INTC	Performance-Based Stock Units (PSUs)	Options Exercise		-78.8K	-100%		0	Jan 31, 2022	Common Stock	78.8K		Direct	F1, F2, F3
transaction	INTC	Performance-Based Stock Units (PSUs)	Award		+97.4K			97.4K	Jan 31, 2022	Common Stock	97.4K		Direct	F1, F4
transaction	INTC	Restricted Stock Units	Award		+97.4K			97.4K	Jan 31, 2022	Common Stock	97.4K		Direct	F5, F6

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

Explanation of Responses:

Id	Content
F1	Each performance-based stock unit (PSU) represents the right to receive, following vesting, up to 200% of one share of Intel common stock. The number of shares of Intel common stock acquired upon vesting of the PSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning with the first day of the fiscal year of the grant date and ending on the last day of the fiscal year of the second anniversary of the grant date.
F2	The total number of shares of Common Stock received upon achievement of the pre-established performance metrics was 41,147 (or 53% of the target number of performance-based RSUs granted), as reported in Table I.
F3	Unless earlier forfeited under the terms of the PSU, each PSU vests and converts into no more than 200% of one share of Intel common stock on January 31, 2022, unless that date falls on a non-business date, in which case the next business date shall apply.
F4	Unless earlier forfeited under the terms of the PSU, each PSU vests and converts into no more than 200% of one share of Intel common stock on January 31, 2025, unless that date falls on a non-business date, in which case the next business date shall apply.
F5	Each restricted stock unit (RSU) represents the right to receive, following vesting, one share of Intel Corporation (the "Company") common stock.
F6	Unless earlier forfeited under the terms of the RSU, 1/12th of the awards vest and convert into common stock in twelve substantially equal quarterly tranches, beginning on April 30, 2022. If the quarterly vesting date falls on a non-business date, the next business date shall apply.