[Form 4] HP INC Insider Trading Activity

Rhea-AI Filing Summary

Enrique Lores, who serves as President and CEO and a director of HP Inc. (HPQ), reported a sale of 34,282 shares of HP common stock on 09/29/2025 at a weighted average price of $26.85 under a Rule 10b5-1 trading plan adopted on 06/30/2025. Following the reported sale, the filing shows 3 shares directly beneficially owned and 888,908 shares held indirectly through a limited partnership ultimately controlled by Mr. Lores. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Lores on 10/01/2025.

Positive

• Transaction executed under a Rule 10b5-1 trading plan, indicating the sale was pre-arranged and enhances compliance transparency
• Complete Form 4 disclosure including weighted average price range and explanation, which supports regulatory transparency

Negative

• Reported disposition of 34,282 shares by the CEO, which is a sale of company stock disclosed to the market

Insights

Corporate Governance Expert

TL;DR: Insider sale executed under 10b5-1 plan; disclosure aligns with expected governance practices.

The reported disposal of 34,282 shares via a pre-established Rule 10b5-1 plan indicates the transaction was pre-arranged and not an ad hoc sale. This enhances compliance transparency by documenting the trading-plan adoption date and the weighted-average sale price range. The filing also discloses substantial indirect holdings (888,908 shares) via a limited partnership, which preserves the reporting persons ongoing economic exposure despite the direct sale. From a governance perspective, clear Form 4 disclosure and the use of a 10b5-1 plan are consistent with best practices for avoiding allegations of opportunistic insider trading.

Securities Analyst

TL;DR: Transaction is a routine, planned disposition; material impact on market or control not evident from this filing alone.

The sale quantity and weighted-average price are specified, but the filing does not provide company-wide context such as total outstanding shares or the reporting person's aggregate economic interest beyond the items listed. The indirect holding of 888,908 shares is material to understanding continued exposure, yet the Form 4 does not quantify percentage ownership or stake relative to company float. Without additional data, this isolated transaction appears routine and pre-planned rather than a signal of a change in control or strategy.

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).

1. Name and Address of Reporting Person^*

LORES ENRIQUE

(Last) (First) (Middle)

C/O HP INC.

1501 PAGE MILL ROAD

(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
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/29/2025

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	09/29/2025		S(1)		34,282	D	$26.85(2)	3	D
Common Stock								888,908	I	By Limited Partnership(3)

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

Explanation of Responses:

1. The sales reported on this Form 4 were executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 6/30/2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.695 to $26.945, 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.

3. Represents shares held by a limited partnership, which is ultimately controlled by the reporting person.

	/s/ Linnea Thompson as Attorney-in-Fact for Enrique Lores	10/01/2025
	** 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.
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 Enrique Lores report on Form 4 for HP Inc. (HPQ)?

The Form 4 reports a sale of 34,282 shares on 09/29/2025 at a weighted average price of $26.85 executed under a Rule 10b5-1 trading plan.

How many HP shares does Enrique Lores beneficially own after the transaction?

The filing shows 3 shares directly beneficially owned and 888,908 shares indirectly owned through a limited partnership.

When was the Rule 10b5-1 trading plan adopted?

The Form 4 states the Rule 10b5-1 trading plan was adopted on 06/30/2025.

What price range were the sold shares executed at?

Sales were executed at prices ranging from $26.695 to $26.945, with a reported weighted average of $26.85.

Who signed the Form 4 filing for Enrique Lores?

The Form 4 was signed by Linnea Thompson as attorney-in-fact for Enrique Lores on 10/01/2025.