HPE EVP Rahim Rami Sells Shares

What Happened

Rahim Rami, Executive Vice President and President, GM Networking at Hewlett Packard Enterprise (HPE), executed open-market sales totaling 34,456 shares on 2026-09-29. The sales were reported as two transactions: 27,877 shares (weighted avg $61.42) for $1,712,205 and 6,579 shares (weighted avg $61.42) for $404,082 — roughly $2,116,287 total. These sales were made pursuant to a trading plan adopted 06/30/26 by the Rahim Family Inter Vivos Trust DTD 2/28/05.

In addition, the filing reports derivative acquisitions on 07/15/26: 293.648 and 673.382 dividend-equivalent rights credited in connection with previously granted restricted stock units (RSUs). Each RSU represents a contingent right to receive one share; the credited dividend-equivalent rights reflect amounts tied to those RSU grants rather than new outright share purchases.

Key Details

• Transaction dates: Sales on 2026-09-29; derivative credits on 2026-07-15. Form filed 2026-10-01.
• Sale details: 27,877 shares at a weighted avg price $61.42 (prices ranged $60.7750–$61.7700); 6,579 shares at weighted avg $61.42 (prices ranged $61.7800–$62.6050). Total proceeds ≈ $2.12M.
• Derivative credits: 293.648 and 673.382 dividend-equivalent rights credited (related to RSU grants previously reported 07/17/2025 and 09/30/2025).
• Footnotes: F1 explains the weighted-average pricing and price ranges; F2–F4 explain RSU structure and that the derivative numbers reflect dividend-equivalent rights credited at $47.39 per RSU.
• Trading plan: Sales occurred under a pre-established trading plan adopted 06/30/26 by the Rahim Family trust (as noted in Remarks).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Report filed on 10/01/2026 for trades on 09/29/2026 (appears timely for Form 4 reporting).

Context

• These transactions combine routine open-market sales under a trading plan with non-cash dividend-equivalent credits tied to existing RSU awards. Sales under pre-set plans are commonly used by insiders for diversification or liquidity and do not, by themselves, indicate change in company outlook. The derivative entries reflect accrued dividend equivalents on RSUs, not new stock purchases.