Patel Ketan M 4

What Happened

• Ketan M. Patel, President of Personal Systems at HP Inc (HPQ), had 1,119 restricted stock units (RSUs)/derivative units convert into 1,119 shares on February 3, 2026.
• Of those, 447 shares were withheld by HP to satisfy tax withholding at $19.00 per share, representing $8,493 in tax withholding. The acquisition record shows the RSUs converted at $0.00 (no purchase price).
• This conversion reflects the 2/3/2025 grant of 3,207 RSUs (1/3 vesting annually). The 1,119 converted includes 50 vested dividend-equivalent units (DEUs).

Key Details

• Transaction date: 2026-02-03; Form 4 filed 2026-02-05 (timely filing).
• Actions reported: M = exercise/conversion of derivative (1,119 shares acquired), F = shares withheld to satisfy tax withholding (447 shares, $19.00/share, $8,493).
• Shares beneficially owned after the transaction: 2,236 shares (per filing), which the filer notes includes 98 unvested DEUs.
• Relevant footnotes: F1 (shares withheld for taxes), F2 (RSU = right to one common share), F3/F4 (details on the 3,207 RSU grant, vesting schedule and DEUs).

Context

• This was a compensation-related vesting/conversion of RSUs (not an open-market purchase or sale). Withholding of shares for taxes is a routine administrative step and does not by itself signal a buy or sell decision.
• DEUs are dividend-equivalent units that accrued with respect to the RSUs and were included in the vested amount.