Ozzie Raymond E 4

What Happened

• Ozzie Raymond, a director of Hewlett Packard Enterprise (HPE), exercised/converted derivative securities into 14,500 shares of HPE common stock on 2026-04-01. He paid $23.98 per share for a total cash outlay of $347,710 (transaction code M: exercise/conversion of derivative security).
• The filing also shows a corresponding conversion/disposition entry for 14,500 derivative securities (reported as “Disposed” with N/A price), which reflects the derivative instruments that ceased to exist when converted into shares. No sale of the acquired shares is reported in this Form 4.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (filed within the typical two-business-day window).
• Acquired: 14,500 shares at $23.98 each; total reported cash paid = $347,710.
• Disposition: 14,500 derivative securities converted/terminated (listed as N/A price — this represents the derivative being converted, not an open‑market sale).
• Shares owned after transaction: Not specified in this filing.
• Relevant footnotes:
  • F1: Each restricted stock unit (RSU) represents a contingent right to one share.
  • F2: These shares relate to 14,235 RSUs granted 05/02/2025 that cliff-vested at the issuer’s 2026 Annual Meeting; dividend-equivalent rights were credited on several dates and are reflected in the derivative counts.
• Transaction code meaning: M = exercise or conversion of derivative security.

Context

• This was an exercise/conversion of derivative securities (RSUs and credited dividend equivalents) into common shares — not an open‑market sale. The filing shows payment of the exercise amount rather than an immediate cashless sale, so the insider appears to have acquired and retained the shares (no sale reported here).
• Such conversions of vested RSUs are routine for executives/directors when awards vest; they increase insider stock holdings but do not by themselves indicate a change in investment view.