HP Inc.’s McQuarrie sells 31,572 shares (NYSE: HPQ)

What happened

HP Inc. (NYSE: HPQ) Chief Commercial Officer David P. McQuarrie sold 31,572 shares on 2026-10-02.

The shares traded at $32.12 each, for about $1.01 million in total. McQuarrie held 8,008 shares after the sale.

The Form 4 says the trades were made under a Rule 10b5-1 trading plan adopted on 3/10/2026. The filing identifies the security as common stock.

Key numbers

Metric	Latest	Change	Source
Shares sold	31,572 shares		SEC Form 4
Sale price	$32.12 per share		SEC Form 4
Total value	about $1.01 million		SEC Form 4
Shares held after sale	8,008 shares		SEC Form 4

Read more: HP (HPQ) stock analysis and investment case

Why it matters

OptimistFi's case is that HPQ can create value if PC replacement demand and printing supplies profit stay strong enough to fund shareholder returns. This filing is mixed for that case. The trade cut McQuarrie's direct stake, but the Rule 10b5-1 plan limits how much investors can read into it.

The 31,572 shares were about 79.8% of the holding before the trade, so the sale removed most of McQuarrie's direct position at once. McQuarrie still held 8,008 shares after the sale, so he kept some direct exposure to HPQ.

That matters because the filing changes the position size more than it changes the operating thesis. The main caveat is the preexisting plan adopted on 3/10/2026, which points away from a new discretionary signal.

For investors focused on HPQ's cash generation, the filing is more of a note on insider ownership than a test of business performance. It still shows that a meaningful slice of McQuarrie's position was sold, even though the sale was preplanned.

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What's next

HP Inc.'s next quarterly report is the next scheduled test of that thesis. A report showing durable PC replacement demand and printing supplies profit would strengthen it. Weakness in either would weaken it.

That report will matter more than the insider sale because it will show whether HPQ's core cash generation still supports the investment case. If the company keeps that cash profile intact, the filing becomes a small ownership update for shareholders. If it slips, the thesis weakens.

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