ALEX CHO - 28 Nov 2023 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
28 Nov 2023
Net transactions value
-$2,329,194
Form type
4
Filing time
30 Nov 2023, 18:01:01 UTC
Previous filing
03 Oct 2023
Next filing
11 Dec 2023
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 $0 +80,368 +365% $0.000000 102,371 28 Nov 2023 Direct
transaction HPQ Common Stock Tax liability $991,230 -34,610 -34% $28.64 67,761 28 Nov 2023 Direct F1
transaction HPQ Common Stock Sale $1,337,964 -45,758 -68% $29.24 22,003 30 Nov 2023 Direct F2, 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 Performance Adjusted Restricted Stock Units Options Exercise -80,368 -100% 0 28 Nov 2023 Common Stock 80,368 Direct F4, F5
* 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 3/31/2023.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.145-$29.32, 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.
F4 Each performance adjusted restricted stock unit ("PARSU") represents a contingent right to receive one share of HP common stock.
F5 As previously reported, on 12/7/2020 the reporting person was granted 58,559 PARSUs. On 11/28/2023, 73,375 PARSUs vested based on the achievement of certain earnings per share and total shareholder return conditions. Dividend equivalent units accrued with respect to these PARSUs when and as dividends were paid on HP common stock. The number of derivative securities in column 5 includes 6,993 vested dividend equivalent units.