rahim rami 4

What Happened

• Rami Rahim, EVP and President, GM Networking at Hewlett Packard Enterprise (HPE), exercised/converted derivative awards on Feb 20, 2026 to acquire 177,858 shares of HPE common stock at $21.37 per share (gross value ≈ $3,800,826).
• To satisfy tax obligations related to the vesting/exercise, 88,324 shares were withheld/disposed (payment of exercise price/tax liability) at $21.37 per share (value ≈ $1,887,484). After withholding, the filing shows he retained approximately 89,534 shares net.
• These transactions reflect exercised/converted derivative securities and tax-withholding rather than an open-market sale.

Key Details

• Transaction date: 2026-02-20; Form 4 filed 2026-02-24 (filed within required 2 business days).
• Exercise/Conversion: 43,769 shares ($935,344) and 134,089 shares ($2,865,482) at $21.37 each — total 177,858 shares (≈ $3.80M).
• Tax withholding/disposition: 21,842 shares ($466,764) and 66,482 shares ($1,420,720) at $21.37 each — total 88,324 shares (≈ $1.89M).
• Net shares retained after withholding: ~89,534. The filing does not state total shares owned following the transaction beyond these amounts.
• Footnotes: RSUs represent contingent rights to one share (F1). Prior conversions and vesting schedules explain the vested amounts (F2, F3). Dividend-equivalent rights from earlier grants are reflected as fractional derivative amounts (F4, F5).
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price/tax withholding (cashless/withhold to cover taxes).

Context

• This was an exercise/vesting event with shares withheld to cover taxes (a routine cashless mechanism), not an open-market sale that might signal a change in conviction.
• The filing is timely. No indication of a 10% owner or a 10b5-1 plan is provided in the filing.