HP Inc. CCO updates holdings after 29,671 PARSUs vest

Rhea-AI Filing Summary

HP Inc. executive equity update: HP Inc. (HPQ) Chief Commercial Officer David P. McQuarrie reported equity awards activity on 11/18/2025. He acquired 29,671 shares of HP common stock at a price of $0 per share through the vesting and settlement of performance adjusted restricted stock units (PARSUs). To cover tax withholding upon vesting, 12,941 shares were withheld by HP at a price of $22.71 per share. After these transactions, he directly owned 72,653 shares of HP common stock. The vested PARSUs came from a grant of 33,246 PARSUs awarded on 12/8/2022, with 29,671 PARSUs vesting based on earnings per share and total shareholder return conditions, including 3,008 dividend equivalent units.

Insider Trade Summary

29,671 shares exercised/converted

Mixed 3 txns

Insider McQuarrie David P.

Role Chief Commercial Officer

Type	Security	Shares	Price	Value
Exercise	Performance Adjusted Restricted Stock Units	29,671	$0.00	--
Exercise	Common Stock	29,671	$0.00	--
Tax Withholding	Common Stock	12,941	$22.71	$294K

Holdings After Transaction: Performance Adjusted Restricted Stock Units — 0 shares (Direct); Common Stock — 85,594 shares (Direct)

Footnotes (1)

1. Shares withheld by HP to satisfy tax withholding upon vesting. Each performance adjusted restricted stock unit ("PARSU") represents a contingent right to receive one share of HP common stock. As previously reported, on 12/8/2022 the reporting person was granted 33,246 PARSUs. On 11/18/2025, 29,671 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 3,008 vested dividend equivalent units.

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

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^*

McQuarrie David P.

(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)
	Chief Commercial Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025

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	11/18/2025		M		29,671	A	$0	85,594	D
Common Stock	11/18/2025		F		12,941(1)	D	$22.71	72,653	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
Performance Adjusted Restricted Stock Units	(2)	11/18/2025		M			29,671(3)	(3)	(3)	Common Stock	29,671	(3)	0	D

Explanation of Responses:

1. Shares withheld by HP to satisfy tax withholding upon vesting.

2. Each performance adjusted restricted stock unit ("PARSU") represents a contingent right to receive one share of HP common stock.

3. As previously reported, on 12/8/2022 the reporting person was granted 33,246 PARSUs. On 11/18/2025, 29,671 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 3,008 vested dividend equivalent units.

	/s/ Linnea Thompson as Attorney-in-Fact for David P. McQuarrie	11/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did HPQ's Chief Commercial Officer report in this Form 4 filing?

The Chief Commercial Officer of HP Inc. (HPQ), David P. McQuarrie, reported vesting of performance adjusted restricted stock units and related share withholding for taxes, resulting in updated direct ownership of 72,653 shares of HP common stock.

How many HPQ shares did the executive acquire in this transaction?

He acquired 29,671 shares of HP common stock at a price of $0 per share through the vesting and settlement of performance adjusted restricted stock units.

How many HPQ shares were withheld to cover taxes?

12,941 shares of HP common stock were withheld by HP Inc. to satisfy tax withholding obligations upon vesting, at a price of $22.71 per share.

What is the executive’s HPQ share ownership after these transactions?

Following the reported transactions, David P. McQuarrie directly owned 72,653 shares of HP Inc. common stock.

What are performance adjusted restricted stock units (PARSUs) in this HPQ filing?

Each PARSU represents a contingent right to receive one share of HP common stock, with vesting based on performance conditions such as earnings per share and total shareholder return.

What prior equity grant is referenced in this HPQ Form 4?

The filing notes a grant of 33,246 PARSUs on 12/8/2022, of which 29,671 PARSUs vested on 11/18/2025, including 3,008 vested dividend equivalent units.

Does this HPQ Form 4 indicate a sale of shares on the open market?

The reported disposition of 12,941 shares reflects shares withheld by HP Inc. to satisfy tax withholding upon vesting, rather than an open-market sale initiated by the executive.