MacDonald Neil B 4

What Happened

• Neil MacDonald, EVP and GM, Server at Hewlett Packard Enterprise (HPE), reported open-market sales totaling 112,652 shares on 2026-03-25. The transactions comprised 105,513 shares at a weighted-average price of $25.03 (proceeds $2,640,990) and 7,139 shares at $26.00 (proceeds $185,614), for combined gross proceeds of about $2.83 million. The Form 4 also reports three derivative "acquisitions" on 2026-01-16: dividend-equivalent rights credited related to previously granted RSUs (328.295, 595.383 and 974.962 units).

Key Details

• Transaction dates: sales on 2026-03-25; derivative credits on 2026-01-16. Form filed 2026-03-27 (appears timely).
• Sale prices: reported weighted-average $25.03 for the larger block (prices in the range $25.00–$26.01 per footnote) and $26.00 for the smaller block. Footnote says price shown is a weighted average; details by price available on request.
• Proceeds: total gross proceeds ≈ $2,826,604 (~$2.83M).
• Derivative entries: three dividend-equivalent rights credited 01/16/26 (328.295, 595.383, 974.962) at $21.44 per RSU; these reflect dividend equivalents tied to previously reported RSU grants with multi-year vesting schedules (see footnotes F3–F5).
• Trading plan: the sales occurred pursuant to a trading plan adopted 09/30/25 (commonly a Rule 10b5-1 plan).
• Shares owned after transaction: not disclosed in the provided filing.

Context

• The sales are open-market disposals executed under a pre-established trading plan, which is a routine way executives sell stock and does not by itself indicate a change in view on the company. The January entries are not new RSU grants but dividend-equivalent credits related to earlier RSU awards (they represent contingent rights tied to future RSU vesting and are recorded as derivative securities).