HPE Executive Sells ~$2.0M in Common Stock Under Rule 10b5-1 Plan
Hewlett Packard Enterprise Co
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Filing Summary
📊 HPE Insider Transaction Alert Insider: Rami Rahim (EVP, Pres GM Networking) Action: Sold 34,443 shares of Common Stock Price: $58.04 Value: ~$2,000,000 Ownership After: 840,690 shares (Indirect via Living Trust) Type: Pre-planned Rule 10b5-1 trading plan
Comprehensive Analysis
Executive Summary
On October 21, 2026, Rami Rahim, Executive Vice President and President GM Networking at Hewlett Packard Enterprise Co ($HPE), executed two open-market sales totaling 34,443 shares of common stock at a weighted average price of $58.0376 per share, generating gross proceeds of approximately $1,999,099.07.
Key Filing Highlights
- Rule 10b5-1 Plan: The sales were executed under a pre-established Rule 10b5-1 trading plan adopted on June 30, 2026, by the Rahim Family Inter Vivos Trust DTD 2/28/05.
- Transaction Breakdown:
- Sold 23,500 shares at weighted average $58.0376 (price range: $57.2000 - $58.1950).
- Sold 10,943 shares at weighted average $58.0376 (price range: $58.2000 - $59.1850).
- Remaining Holdings: Following the transactions, the reporting person indirectly retains 840,690 shares through the Living Trust, representing a modest reduction of roughly 3.9% of trust holdings.
- Derivative Activity: Additionally, Rahim received dividend equivalent rights totaling 831.2638 restricted stock units on October 16, 2026, associated with previously granted awards.
Conclusion
Given that the transaction was conducted pursuant to an established Rule 10b5-1 trading arrangement and Rahim continues to hold over 840,000 shares plus substantial unvested RSUs, the trading significance is considered moderate and routine.
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This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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