Form 4: HP CEO Sells Shares Under 10b5-1 Plan

HP Inc. President and CEO Enrique Lores sold 41,922 shares of common stock for approximately $26.005 per share, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Enrique Lores, President and CEO, and a Director of HP Inc. (HPQ), reported a sale of common stock.
• On December 5, 2025, Lores disposed of 41,922 shares of HP Inc. common stock.
• The shares were sold at a weighted average price of $26.005 per share, with individual transactions ranging from $26.00 to $26.04.
• This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by Lores on June 30, 2025.
• Following the transaction, Lores directly beneficially owns 141,456 shares and indirectly owns 888,908 shares through a limited partnership he controls, as of December 9, 2025.

Sentiment

Score: 5

Explanation: Neutral. While an insider sale can be perceived negatively, the execution under a pre-arranged 10b5-1 plan mitigates concerns about its implications for the company's immediate prospects. It's a routine, planned transaction.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned transaction rather than a reaction to new, non-public information.

Negatives

• An insider sale, even under a 10b5-1 plan, reduces the direct equity stake of a key executive in the company.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Industry Context

This filing details an individual insider transaction and does not provide information directly related to broader industry trends or competitive landscape, beyond being a routine disclosure for a public company executive.

Related Party Transactions

• Shares held indirectly by a limited partnership ultimately controlled by the reporting person are disclosed, which is a related party holding.

Stakeholder Impact

• Shareholders: The sale by a key executive, even if planned, might be viewed with slight caution, but the 10b5-1 plan reduces its significance as a signal regarding the company's immediate prospects.

Key Dates

Recommendation

The insider sale by CEO Enrique Lores was conducted under a pre-established 10b5-1 trading plan, which typically indicates a planned liquidity event rather than a reaction to new, material non-public information. This mitigates the negative signaling often associated with insider sales. Without additional financial or strategic information, this Form 4 alone does not provide a strong basis for a change in investment recommendation, thus a 'hold' stance is appropriate.

Keywords

HP Inc., HPQ, Enrique Lores, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, CEO, Director, Common Stock