Karros Kirt P 4
4 · Hewlett Packard Enterprise Co · Filed Jul 22, 2026
Research Summary
AI-generated summary of this filing
HPE SVP Karros Kirt Sells Shares After Exercising Options
What Happened
- Karros Kirt (SVP, Treasurer, Corporate Development) exercised 40,282 shares on 2026-07-20 (code M) at an exercise price of $44.56/share, representing $1.79M in underlying value. To cover tax liabilities 16,607 shares were surrendered/withheld (code F) at the same $44.56 price ($740,008). On 2026-07-22 he sold 23,675 shares in an open-market transaction (code S) at $47.02/share for ~$1.11M. The sale was reported as occurring under a trading plan adopted 03/23/26.
Key Details
- Transaction dates and amounts:
- 2026-07-20: Exercise/conversion — 40,282 shares at $44.56 (Acquired) — $1,794,966.
- 2026-07-20: Tax withholding — 16,607 shares at $44.56 (Disposed) — $740,008.
- 2026-07-22: Open-market sale — 23,675 shares at $47.02 (Disposed) — $1,113,199.
- Several small derivative/RSU-related items were credited on 07/15/26 (dividend-equivalent rights reflecting fractional RSUs from prior grants); these are not full share issuances but adjustments tied to earlier RSU grants (see footnotes F1–F6).
- Shares owned after the transactions are not listed in the excerpt of the filing provided.
- Filing timing: Report filed 2026-07-22 for transactions on 07/20/26 — appears to be timely (Form 4 is typically due within two business days).
- Codes: M = option exercise/conversion, F = payment of exercise price/tax withholding, S = sale, A = award/grant.
Context
- This sequence is consistent with a cashless-style exercise: options/exercise resulted in 40,282 shares, some shares were surrendered to satisfy tax withholding, and remaining shares were sold under a pre-established trading plan. Dividend-equivalent credits (fractional RSU amounts) were posted separately on 07/15/26 and do not represent an independent market purchase.
- These are routine insider transactions (exercise + sell) and, absent other information, do not by themselves indicate a change in company outlook.
Insider Transaction Report
Form 4
Karros Kirt P
SVP, Treasurer, Corp Dev
Transactions
- Exercise/Conversion
Common Stock
2026-07-20$44.56/sh+40,282$1,794,966→ 40,282 total - Tax Payment
Common Stock
2026-07-20$44.56/sh−16,607$740,008→ 23,675 total - Sale
Common Stock
2026-07-22$47.02/sh−23,675$1,113,199→ 0 total - Award
Restricted Stock Units
[F1][F2]2026-07-15+93.27→ 33,150.685 total→ Common Stock (93.27 underlying) - Award
Restricted Stock Units
[F1][F3]2026-07-15+151.804→ 52,542.915 total→ Common Stock (151.804 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-07-20−40,282→ 80,563 total→ Common Stock (40,282 underlying) - Award
Restricted Stock Units
[F1][F5]2026-07-15+252.05→ 85,058.832 total→ Common Stock (252.05 underlying) - Award
Restricted Stock Units
[F1][F6]2026-07-15+63.426→ 21,156.426 total→ Common Stock (63.426 underlying)
Footnotes (6)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- [F2]As previously reported, on 12/07/23, the reporting person was granted 93,052 Restricted Stock Units ("RSUs"), 31,017 of which vested on 12/07/24, 31,017 of which vested on 12/07/25, and 31,018 of which will vest on 12/07/26. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on Issuer's common stock. The number of derivative securities in column 5 reflects 93.27 dividend equivalent rights at $47.39 per RSU credited to the reporting person's account on 07/15/26.
- [F3]As previously reported, on 12/09/24, the reporting person was granted 75,725 RSUs, 25,241 of which vested on 12/09/25, and 25,242 of which will vest on each of 12/09/26 and 12/09/27. The number of derivative securities in column 5 reflects 151.8035 dividend equivalent rights at $47.39 per RSU credited to the reporting person's account on 07/15/26.
- [F4]As previously reported, on 07/20/25, the reporting person was granted 118,427 RSUs, 39,475 of which vested on 07/20/26, and 39,476 of which will vest on each of 07/20/27 and 07/20/28. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on Issuer's common stock. The number of derivative securities in column 5 reflects RSUs that vested, 807 vested dividend equivalent rights, and a portion of the 356.1247 dividend equivalent rights at $47.39 per RSU credited to the reporting person's account on 07/15/26 reflected in column 9.
- [F5]As previously reported, on 12/08/25, the reporting person was granted 83,822 RSUs, 27,940 of which will vest on 12/08/26, and 27,941 of which will vest on each of 12/08/27 and 12/08/28. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on Issuer's common stock. The number of derivative securities in column 5 reflects 252.0497 dividend equivalent rights at $47.39 per RSU credited to the reporting person's account on 07/15/26.
- [F6]As previously reported, on 06/20/26, the reporting person was granted 21,093 RSUs, 7,031 of which will vest on each of 06/20/27, 06/20/28, and 06/20/29. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on Issuer's common stock. The number of derivative securities in column 5 reflects 63.4259 dividend equivalent rights at $47.39 per RSU credited to the reporting person's account on 07/15/26.
Signature
Jonathan Sturz as Attorney-in-Fact for Kirt P. Karros|2026-07-22