Marie Myers - Mar 30, 2023 Form 4 Insider Report for HP INC (HPQ)

Role
Chief Financial Officer
Signature
/s/ Rick Hansen as Attorney-in-Fact for Marie Mayers
Stock symbol
HPQ
Transactions as of
Mar 30, 2023
Transactions value $
-$438,020
Form type
4
Date filed
4/3/2023, 06:18 PM
Previous filing
Mar 10, 2023
Next filing
May 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HPQ Common Stock Options Exercise $0 +35.6K +156.97% $0.00 58.2K Mar 30, 2023 Direct
transaction HPQ Common Stock Tax liability -$316K -10.9K -18.78% $28.90 47.3K Mar 30, 2023 Direct F1
transaction HPQ Common Stock Sale -$122K -4.17K -8.81% $29.34 43.1K Apr 3, 2023 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 HPQ Restricted Stock Units Options Exercise -35.6K -100% 0 Mar 30, 2023 Common Stock 35.6K Direct F3, F4
* 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 Shares withheld by HP to satisfy tax withholding upon vesting.
F2 The sales reported on this Form 4 were executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 9/19/2022.
F3 Each restricted stock unit ("RSU") represents a contingent right to receive one share of HP common stock.
F4 As previously reported, on 03/30/2020, the reporting person was granted 98,094 RSUs, 1/3 of which vest annually over 3 years on the anniversary of the grant date. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of derivative securities in column 5 includes 2,853 vested dividend equivalent rights.