HP Inc. (NYSE: HPQ) director sells shares after option exercise

Rhea-AI Filing Summary

HP Inc. director Mary Anne Citrino reported an option exercise and related share sale. She exercised non-qualified stock options for 72,816 shares of HP common stock at an exercise price of $11.45 per share, converting a derivative position into common shares.

On the same date, she sold 45,172 shares of common stock at a weighted average price of $18.47 per share, with a footnote stating the sale was used to cover the exercise price and associated broker fees and commissions. After these transactions, she directly holds 33,251 shares, including 652.70 shares acquired through a dividend reinvestment plan, and has no remaining options from this grant.

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^*

Citrino Mary Anne

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

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	03/11/2026		M		72,816	A	$11.45	78,423(1)	D
Common Stock	03/11/2026		S		45,172(2)	D	$18.47(3)	33,251(1)	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
Non-Qualified Stock Option (Right to Buy)	$11.45	03/11/2026		M			72,816	(4)	05/04/2026	Common Stock	72,816	$0	0	D

Explanation of Responses:

1. The number of shares shown includes 652.70 shares acquired through the Reporting Person's participation in a dividend reinvestment plan.

2. Represents shares sold to cover the exercise price and broker fees and commissions in connection with the exercise of stock options.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.315 to $18.545, 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.

4. On May 5, 2016, the Reporting Person was granted an option to purchase 72,816 shares, vesting in full on the one-year anniversary of the grant date.

	/s/ Linnea Thompson as Attorney-in-Fact for Mary Anne Citrino	03/13/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did HPQ director Mary Anne Citrino report in this Form 4?

Director Mary Anne Citrino reported exercising options for 72,816 HP Inc. shares at $11.45 and selling 45,172 shares at a weighted average of $18.47. These actions convert options into stock and then sell part of the resulting common shares.

How many HPQ shares did Mary Anne Citrino sell and at what price?

She sold 45,172 HP Inc. common shares at a weighted average price of $18.47 per share. A footnote explains the price reflects multiple trades between $18.315 and $18.545, and she can provide detailed trade data upon request.

How many HPQ shares did Mary Anne Citrino acquire through option exercise?

She exercised non-qualified stock options covering 72,816 HP Inc. shares at an exercise price of $11.45 per share. This exercise fully used an option grant originally awarded on May 5, 2016, which vested in full one year after the grant date.

What are Mary Anne Citrino’s HPQ share holdings after these transactions?

Following the reported exercise and sale, Mary Anne Citrino directly owns 33,251 HP Inc. common shares. This total includes 652.70 shares accumulated through a dividend reinvestment plan, as noted in a footnote accompanying the ownership information.

Why did Mary Anne Citrino sell HPQ shares after exercising options?

A footnote states the 45,172 HP Inc. shares sold were used to cover the option exercise price plus broker fees and commissions. This indicates the sale was tied to funding the option exercise rather than a complete reduction of her equity position.