GAWEL SCOTT 4

What Happened Gawel Scott, CVP and Chief Accounting Officer of Intel (INTC), had 22,052 performance-based stock units (PSUs) vest/convert into common shares on January 31, 2026 (reported as an exercise/conversion of a derivative). To cover tax withholding, 11,060 shares were surrendered/withheld on February 2, 2026 at $47.67 per share, totaling $527,230. Net shares delivered to Scott after withholding were 10,992 shares. This was a compensation-related vesting event, not an open-market purchase.

Key Details

• Transaction types/codes: M = exercise/conversion of derivative (PSU vesting) for 22,052 shares (acquired); F = tax withholding (disposition) of 11,060 shares at $47.67 each for $527,230.
• Dates: PSUs earned/vested on 2026-01-31; tax withholding occurred 2026-02-02; Form 4 filed 2026-02-03 (timely filing).
• Shares owned after transaction: Not reported in this Form 4.
• Notable footnotes: PSUs were earned based on achievement of pre-established performance metrics for the three-year performance period beginning FY 2023 and ending FY 2025. Each PSU can convert into up to 200% of one share; vesting/conversion occurred on or about 1/31/2026 (per filing).
• Nature of disposition: The 11,060-share disposition was to satisfy tax withholding, a routine administrative step (code F), not necessarily an open-market sale.

Context PSUs are performance-based equity awards that vest based on multi-year goals; this filing shows the award payout and standard tax withholding. Such compensation-related vesting and withholding are common and do not by themselves indicate insider market sentiment.