Tuan Tran - Dec 8, 2022 Form 4 Insider Report for HP INC (HPQ)

Role: Pres Imaging Prtng & Solutions
Signature: /s/ Rick Hansen as Attorney-in-Fact for Tuan Tran
Stock symbol: HPQ
Transactions as of: Dec 8, 2022
Transactions value $: -$1,533,078
Form type: 4
Date filed: 12/12/2022, 07:20 PM
Previous filing: Dec 9, 2022
Next filing: Nov 30, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HPQ	Common Stock	Sale	-$1.53M	-54.1K	-46.82%	$28.33	61.5K	Dec 9, 2022	Direct	F1, F2
holding	HPQ	Common Stock						885	Dec 8, 2022	By 401(k) Plan	F3

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	Restricted Stock Units	Award		+85K			85K	Dec 8, 2022	Common Stock	85K		Direct	F4, F5
transaction	HPQ	Performance Adjusted Restricted Stock Units	Award		+54.4K			54.4K	Dec 8, 2022	Common Stock	54.4K		Direct	F6, F7
transaction	HPQ	Performance Contingent Stock Options	Award		+192K			192K	Dec 8, 2022	Common Stock	192K	$28.48	Direct	F8

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

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 9/29/2022.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.23-$28.41, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer the full information regarding the number of shares and prices at which the transaction was effected.
F3	Includes shares acquired and dividends earned through October 31, 2022 in the HP Inc. 401(k) Plan.
F4	Each restricted stock unit ("RSU") represents a contingent right to receive one share of HP common stock.
F5	On 12/8/2022, the reporting person was granted 84,972 RSUs, 1/3 of which vest annually over 3 years on the anniversary of 12/7/2022. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock.
F6	Each performance adjusted restricted stock unit ("PARSU") represents a contingent right to receive one share of HP common stock.
F7	On 12/8/2022, the reporting person was granted 54,362 PARSUs, which will only be earned after certification of financial results as of October 31, 2025, subject to certain earnings per share and relative total stockholder return conditions being met as of that date. Depending on the level of achievement of such goals, the actual number of PARSUs earned can range from 0% to 300% of the target number of PARSUs shown in column 5. Dividend equivalent rights accrue with respect to these PARSUs when and as dividends are paid on HP common stock.
F8	On 12/8/2022, the reporting person was granted 192,418 performance contingent stock options, 1/3 of which vest annually over 3 years on the anniversary of the grant date, in each case subject to the satisfaction of certain stock price performance conditions.