Steven Ralph Rodgers - 31 Jan 2022 Form 4 Insider Report for INTEL CORP (INTC)

Role: EVP General Counsel
Signature: /s/ Alex Shukhman, attorney-in-fact
Issuer symbol: INTC
Transactions as of: 31 Jan 2022
Net transactions value: -$2,533,312
Form type: 4
Filing time: 02 Feb 2022, 20:09:15 UTC
Previous filing: 01 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INTC	Common Stock	Options Exercise		+56,030	+52%		163,280	31 Jan 2022	Direct	F1
transaction	INTC	Common Stock	Tax liability	$1,239,375	-25,772	-16%	$48.09	137,508	31 Jan 2022	Direct
transaction	INTC	Common Stock	Sale	$188,553	-3,863	-2.8%	$48.81	133,645	01 Feb 2022	Direct	F2
transaction	INTC	Common Stock	Sale	$1,105,383	-22,900	-17%	$48.27	110,745	02 Feb 2022	Direct	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	INTC	Performance-Based Stock Units (PSUs)	Options Exercise		-107,338	-100%		0	31 Jan 2022	Common Stock	107,338		Direct	F1, F3
transaction	INTC	Performance-Based Stock Units (PSUs)	Award		+84,652			84,652	31 Jan 2022	Common Stock	84,652		Direct	F1, F4
transaction	INTC	Restricted Stock Units	Award		+84,652			84,652	31 Jan 2022	Common Stock	84,652		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	This transaction was made pursuant to trading instructions adopted by the reporting person on April 28, 2021 that are intended to comply with Rule 10b5-1(c).
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.