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HP executive Patel (NYSE: HPQ) reports RSU vesting and tax share withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

HP Inc. president Ketan M. Patel reported equity transactions tied to vesting restricted stock units. On February 3, 2026, 1,119 restricted stock units converted into the same number of HP common shares at an exercise price of $0.

To cover taxes upon vesting, 447 common shares were withheld by HP at a price of $19 per share. After these transactions, Patel directly holds 35,244 shares of HP common stock and 2,236 restricted stock units, which include dividend equivalent units noted in prior filings.

Positive

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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
Estimated average burden
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*
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)
02/03/2026
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 02/03/2026 M 1,119 A $0 35,691 D
Common Stock 02/03/2026 F 447(1) D $19 35,244 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) 02/03/2026 M 1,119(3) (3) (3) Common Stock 1,119 (3) 2,236(4) D
Explanation of Responses:
1. Shares withheld by HP to satisfy tax withholding upon vesting.
2. Each restricted stock unit ("RSU") represents a contingent right to receive one share of HP common stock.
3. As previously reported, on 2/3/2025, the reporting person was granted 3,207 RSUs, 1/3 of which vest annually over 3 years on the anniversary of 2/3/2025. 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 50 vested DEUs.
4. The 2,236 shares reported in column 9 includes 98 unvested DEUs reflected the Reporting Person's Form 3 filed November 10, 2025.
/s/ Linnea Thompson as Attorney-in-Fact for Ketan M. Patel 02/05/2026
** 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 insider transaction did HPQ executive Ketan M. Patel report?

Ketan M. Patel reported vesting of 1,119 restricted stock units into HP common stock. In connection with this vesting, shares were withheld to satisfy tax obligations, and his direct holdings of stock and RSUs were updated accordingly in the filing.

How many HPQ shares did Ketan M. Patel receive from RSU vesting?

He received 1,119 HP common shares from the conversion of 1,119 restricted stock units. These RSUs vested under a prior grant that vests in three equal annual installments starting on February 3, 2025, as detailed in the footnotes.

How many HPQ shares were withheld for taxes in this Form 4?

The filing shows 447 HP common shares were withheld to satisfy tax withholding upon vesting. These shares are treated as disposed of at a price of $19 per share, reflecting a tax-related transaction rather than an open-market sale.

What are Ketan M. Patel’s HPQ common stock holdings after the transaction?

After the reported transactions, Patel directly owns 35,244 shares of HP common stock. This figure reflects the RSU conversion and the tax withholding share reduction recorded on February 3, 2026, in the non-derivative securities table.

How many restricted stock units does Ketan M. Patel hold after this filing?

Following the vesting event, Patel holds 2,236 restricted stock units. The total includes dividend equivalent units, which accumulate as cash dividends are paid on HP stock, as explained in the footnotes to the derivative securities table.

What RSU grant structure is described in HPQ executive Patel’s Form 4?

The filing notes a prior grant of 3,207 restricted stock units awarded on February 3, 2025. One-third of these RSUs vest annually over three years on each anniversary of that grant date, with dividend equivalent units accruing alongside regular HP dividends.
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PALO ALTO