HPE EVP Rahim Rami Exercises Stock Awards, Withholds Shares for Taxes

What Happened
Rahim Rami, EVP and President, GM Networking at Hewlett Packard Enterprise (HPE), converted/ exercised vested derivative awards (RSUs/related rights) on July 2–3, 2026. The filings show a total of 1,122,365 shares acquired through conversion/vesting (aggregate value reported ≈ $46.3M). To satisfy tax withholding, 556,472 shares were disposed (withheld) valued ≈ $22.9M, leaving a net 565,893 shares. Those 565,893 shares (and an earlier 89,534-share transfer on 03/10/26) were transferred as gifts into the Rahim Family Trust. There was also a small grant/dividend-equivalent credit reported on 04/23/26 (1,142.556 dividend-equivalent rights).

Key Details

• Transaction types: M = exercise/conversion of derivative (vested RSUs/rights); F = shares withheld to pay taxes; G = gift (transfer to family trust); A = small grant/dividend-equivalent credit.
• Primary dates & amounts:
  • 07/02/2026: 49,984 shares converted (≈ $2.06M); 24,783 shares withheld (≈ $1.02M).
  • 07/03/2026: 308,311; 109,401; 260,290; 394,379 shares converted across awards (combined conversions shown ≈ 1,072,381 for that day) with corresponding withholdings of 152,861; 54,242; 129,052; 195,534 shares (total withheld 556,472). Aggregate value of conversions ≈ $46.3M; aggregate value of withheld shares ≈ $22.9M.
  • 03/10/2026 & 07/07/2026: Gifts/transfers of 89,534 shares and 565,893 shares into the Rahim Family Trust (per footnotes F1–F2).
  • 04/23/2026: 1,142.556 dividend-equivalent rights credited (A); values tied to $27.93/RSU per footnotes F8–F9.
• Net shares retained after withholding: 565,893 (these were then transferred to the Rahim Family Trust).
• Footnotes of note:
  • F1/F2: Transfers into the Rahim Family Trust decreased direct and increased indirect beneficial ownership by the noted amounts.
  • F3–F7: Describe that RSUs are contingent rights to a share and detail the origin and vesting schedule of the awards that vested on 07/03/26.
  • F8/F9: Dividend-equivalent rights and small credited amounts described.
• Filing: Form 4 filed 2026-07-07 reporting activity through 07-02/07-03/07-07/26. The filing itself does not flag a late filing; transactions appear to be reported on the filed Form 4 dated 07-07/2026.

Context

• These transactions reflect vesting/conversion of RSUs and related derivative awards, not open-market purchases or discretionary sales. The F-coded disposals are share withholding to cover tax obligations (a routine, non-market-sale method of satisfying taxes).
• The G-coded transfers are gifts into the reporting person’s family trust and do not necessarily indicate buying or selling sentiment in the market.
• For retail investors: this is largely routine executive compensation settlement (vesting + tax withholding + internal transfer). It indicates a significant value realization by the insider but not a public-market sale that would signal a change in confidence.