DAMELIO FRANK A 4

What Happened

• Frank A. Damelio, a director of Hewlett Packard Enterprise Co (HPE), executed a conversion/exercise of derivative securities (code M) on 2026-04-01, covering 14,499.052 shares at an exercise/conversion price of $23.98 per share for a reported aggregate value of $347,687.
• Although the filing shows the derivative converted into 14,499.052 shares, the reporting person elected to defer receipt of the common stock until termination of his board service (Footnote F1), so no shares were delivered to him immediately.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-03.
• Price / value: $23.98 per share; total reported value $347,687.
• Quantity breakdown: 14,499.052 total — this reflects a prior grant of 14,235 RSUs (granted 05/02/2025, cliff vested at the 2026 Annual Meeting) plus ~264.052 dividend-equivalent units credited across 07/17/25, 10/17/25 and 01/16/26 (see Footnotes F2 and F4).
• What the derivative is: Each RSU is a contingent right to one share of common stock (F3). Dividend-equivalent rights credited to the RSUs were converted/vested and included in the count.
• Shares owned after transaction: not specified in this filing.
• Filing timeliness: Form filed within a few days of the reported transaction (no late-filing indication).

Context

• This was a conversion/settlement of RSUs and dividend-equivalent units, not an open-market purchase or sale. The reporting person elected to defer receipt of the underlying shares, so no immediate share transfer or sale occurred.
• For retail investors: awards/RSU vesting and exercises by directors often reflect routine compensation administration rather than an independent buy/sell decision; because receipt was deferred, this does not signal an immediate increase or decrease in insider-held tradable shares.