HP Inc. (NYSE: HPQ) officer details RSU vesting, 3,854 shares settled

Rhea-AI Filing Summary

HP Inc. officer Ketan M. Patel reported routine equity compensation activity involving HP common stock. On 11/29/2025, 3,854 shares of HP common stock were acquired at an exercise price of $0 following the vesting and settlement of restricted stock units (RSUs), increasing his directly held shares before tax withholding. On the same date, 1,334 shares were withheld by HP at a price of $24.42 per share to cover tax obligations, leaving Patel with 46,917 shares of HP common stock held directly after these transactions.

The RSU transaction relates to a grant of 10,388 RSUs awarded on 11/29/2022, which vest in three equal annual installments. Dividend equivalent units also accrued on these RSUs, and 391 vested dividend equivalent units are included in the reported derivative securities.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Patel Ketan M

(Last) (First) (Middle)

C/O HP INC.

1501 PAGE MILL RD

(Street)

PALO ALTO CA 94304

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HP INC [ HPQ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Personal Systems

3. Date of Earliest Transaction (Month/Day/Year)
11/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/29/2025		M		3,854	A	$0	48,251	D
Common Stock	11/29/2025		F		1,334(1)	D	$24.42	46,917	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	11/29/2025		M			3,854(3)	(3)	(3)	Common Stock	3,854	(3)	0	D

Explanation of Responses:

1. Shares withheld by HP to satisfy tax withholding upon vesting of Restricted Stock Units ("RSUs").

2. Each RSU represents a contingent right to receive one share of HP common stock.

3. As previously reported, on 11/29/2022, the reporting person was granted 10,388 RSUs, 1/3 of which vest annually over 3 years on the anniversary of the grant date. Dividend equivalent units ("DEUs") 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 391 vested DEUs, which number of DEUs has been rounded up by one share from the number of DEUs reported the Reporting Person's Form 3 filed November 10, 2025.

	/s/ Linnea Thompson as Attorney-in-Fact for Ketan M. Patel	12/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did HP Inc. (HPQ) executive Ketan M. Patel report in this Form 4?

Ketan M. Patel, President, Personal Systems at HP Inc., reported the vesting and settlement of restricted stock units into 3,854 shares of HP common stock and related tax withholding transactions on 11/29/2025. After these transactions, he directly owned 46,917 HP shares.

How many HPQ shares were acquired and at what price?

On 11/29/2025, 3,854 shares of HP common stock were acquired upon settlement of restricted stock units at an exercise price of $0 per share, reflecting the conversion of equity awards rather than an open-market purchase.

How many HP Inc. (HPQ) shares were withheld for taxes in this filing?

1,334 shares of HP common stock were withheld by HP to satisfy tax withholding obligations upon RSU vesting. These shares were valued at $24.42 per share for withholding purposes.

What is the RSU grant reported for HP Inc. (HPQ) in this Form 4?

The filing notes a grant of 10,388 restricted stock units awarded on 11/29/2022, vesting in three equal annual installments on each anniversary of the grant date, with each RSU representing the right to receive one share of HP common stock.

What are dividend equivalent units (DEUs) in this HPQ Form 4?

Dividend equivalent units, or DEUs, accrue on the RSUs when dividends are paid on HP common stock. The reported number of derivative securities includes 391 vested DEUs, which have been rounded up by one share from the amount previously reported.

Does this HP Inc. (HPQ) Form 4 indicate direct or indirect ownership?

The filing shows that all reported HP common stock and derivative securities are held under direct ownership by Ketan M. Patel, with no indirect ownership relationships disclosed.