Enrique Lores updates HPQ holdings after 159,983 PARSUs vest

Rhea-AI Filing Summary

HP Inc. President and CEO Enrique Lores reported equity award activity involving HP common stock. On 11/18/2025, 159,983 performance-adjusted restricted stock units (PARSUs) vested and were settled into HP common shares at an exercise price of $0. To cover tax withholding on this vesting, 76,139 shares were withheld at a price of $22.71 per share.

After these transactions, Lores directly owned 83,847 HP shares and indirectly owned 888,908 shares through a limited partnership he ultimately controls. The vested PARSUs included 16,215 dividend equivalent units that accrued as HP paid dividends.

Insider Trade Summary

159,983 shares exercised/converted

Mixed 4 txns

Insider LORES ENRIQUE

Role President and CEO

Type	Security	Shares	Price	Value
Exercise	Performance Adjusted Restricted Stock Units	159,983	$0.00	--
Exercise	Common Stock	159,983	$0.00	--
Tax Withholding	Common Stock	76,139	$22.71	$1.73M
holding	Common Stock	--	--	--

Holdings After Transaction: Performance Adjusted Restricted Stock Units — 0 shares (Direct); Common Stock — 159,986 shares (Direct); Common Stock — 888,908 shares (Indirect, By Limited Partnership)

Footnotes (1)

1. Shares withheld by HP to satisfy tax withholding upon vesting. Represents shares held by a limited partnership, which is ultimately controlled by the reporting person. 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 179,261 PARSUs. On 11/18/2025, 159,983 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 16,215 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^*

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)
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		159,983	A	$0	159,986	D
Common Stock	11/18/2025		F		76,139(1)	D	$22.71	83,847	D
Common Stock								888,908	I	By Limited Partnership(2)

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	(3)	11/18/2025		M			159,983(4)	(4)	(4)	Common Stock	159,983	(4)	0	D

Explanation of Responses:

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

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

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

4. As previously reported, on 12/8/2022 the reporting person was granted 179,261 PARSUs. On 11/18/2025, 159,983 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 16,215 vested dividend equivalent units.

	/s/ Linnea Thompson as Attorney-in-Fact for Enrique Lores	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.
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 CEO Enrique Lores report in this Form 4 filing?

Enrique Lores reported the vesting of 159,983 performance-adjusted restricted stock units (PARSUs) on 11/18/2025, which converted into HP common stock at an exercise price of $0. The filing also shows related tax withholding and his updated HP share ownership.

How many HPQ shares vested for Enrique Lores and at what price?

On 11/18/2025, 159,983 PARSUs vested for Enrique Lores and were settled into HP common stock at an exercise price of $0 per share, reflecting the conversion of previously granted equity awards rather than an open-market purchase.

How many HPQ shares were withheld for taxes in this transaction?

To satisfy tax withholding obligations upon vesting, 76,139 HP shares were withheld at a price of $22.71 per share, as noted in the explanation that these shares were withheld by HP to satisfy tax withholding upon vesting.

What is Enrique Lores’ HPQ share ownership after the reported transactions?

Following the reported transactions, Enrique Lores directly owned 83,847 HP shares and indirectly owned 888,908 HP shares through a limited partnership that is ultimately controlled by him.

What are PARSUs mentioned in the HPQ Form 4 filing?

Each performance adjusted restricted stock unit (PARSU) represents a contingent right to receive one share of HP common stock. In this case, 179,261 PARSUs were granted on 12/8/2022, and 159,983 vested on 11/18/2025 based on earnings per share and total shareholder return conditions.

What role did dividend equivalent units play in Enrique Lores’ HPQ award?

Dividend equivalent units accrued on the PARSUs when dividends were paid on HP common stock. The number of derivative securities reported includes 16,215 vested dividend equivalent units tied to these awards.