Intel (INTC) EVP and Chief Legal Officer reports PSU vesting and stock sale

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Intel Corporation’s EVP and Chief Legal Officer, Miller Boise April, reported multiple share transactions. On January 31, 2026, 76,705 performance-based stock units vested and converted into the same number of Intel common shares based on three-year performance metrics for fiscal years 2023–2025.

On February 2, 2026, 29,855 shares were withheld in a transaction coded "F" at a price of $47.67 per share, and 20,000 shares were sold in a transaction coded "S" at a weighted average price of $49.05 per share. Following these transactions, the reporting person directly held 113,060 Intel common shares.

Insider Trade Summary

Net Seller: 20,000 shares ($981,000)

Net Sell 4 txns

Insider Miller Boise April

Role EVP and Chief Legal Officer

Sold 20,000 shs ($981K)

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	29,855	$47.67	$1.42M
Sale	Common Stock	20,000	$49.05	$981K
Exercise	Performance Stock Units	76,705	$0.00	--
Exercise	Common Stock	76,705	$0.00	--

Holdings After Transaction: Common Stock — 133,060 shares (Direct); Performance Stock Units — 0 shares (Direct)

Footnotes (1)

Performance-based stock units ("PSUs") for 76,705 shares of Intel common stock were earned on January 31, 2026, based on the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, for the three-year performance period beginning fiscal year 2023 and ending on the last day of fiscal year 2025. This transaction was executed in multiple trades at prices ranging from $49.04 to $49.055. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Each performance-based stock unit (PSU) represents the right to receive, following vesting, up to 200% of one share of Intel common stock. The number of shares of Intel common stock acquired upon vesting of the PSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning with the first day of the fiscal year of the grant date and ending on the last day of the fiscal year of the second anniversary of the grant date. Unless earlier forfeited under the terms of the PSU, each PSU vests and converts into no more than 200% of one share of Intel common stock on January 31, 2026, unless that date falls on a non-business date, in which case the next business date shall apply.

Form 4 Insider Transactions: What Each Field Means →

02/03/2026 - 04:53 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Miller Boise April

(Last)

(First)

(Middle)

C/O INTEL CORPORATION

2200 MISSION COLLEGE BLVD.

(Street)

SANTA CLARA

95054

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
INTEL CORP [ INTC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP and Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/31/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/31/2026		M		76,705	A	⁽¹⁾	162,915	D
Common Stock	02/02/2026		F		29,855	D	$47.67	133,060	D
Common Stock	02/02/2026		S		20,000	D	$49.05⁽²⁾	113,060	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Performance Stock Units	⁽³⁾	01/31/2026		M			76,705	⁽⁴⁾	⁽⁴⁾	Common Stock	76,705	⁽¹⁾	0	D

Explanation of Responses:

1. Performance-based stock units ("PSUs") for 76,705 shares of Intel common stock were earned on January 31, 2026, based on the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, for the three-year performance period beginning fiscal year 2023 and ending on the last day of fiscal year 2025.

2. This transaction was executed in multiple trades at prices ranging from $49.04 to $49.055. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

3. Each performance-based stock unit (PSU) represents the right to receive, following vesting, up to 200% of one share of Intel common stock. The number of shares of Intel common stock acquired upon vesting of the PSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning with the first day of the fiscal year of the grant date and ending on the last day of the fiscal year of the second anniversary of the grant date.

4. Unless earlier forfeited under the terms of the PSU, each PSU vests and converts into no more than 200% of one share of Intel common stock on January 31, 2026, unless that date falls on a non-business date, in which case the next business date shall apply.

	/s/ Julie Kwok, attorney-in-fact	02/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Intel (INTC) report for Miller Boise April?

Intel EVP and Chief Legal Officer Miller Boise April reported PSU vesting into 76,705 common shares on January 31, 2026, followed by share withholding and an open-market sale on February 2, 2026, leaving 113,060 Intel common shares directly owned afterward.

How many Intel (INTC) shares vested from performance stock units in this Form 4?

Performance-based stock units for 76,705 shares of Intel common stock were earned and vested on January 31, 2026. These PSUs were tied to pre-established performance metrics over a three-year period from fiscal 2023 through the end of fiscal 2025.

At what prices did the Intel (INTC) insider transactions occur on February 2, 2026?

On February 2, 2026, 29,855 Intel shares were withheld at a price of $47.67 per share, and 20,000 shares were sold at a weighted average price of $49.05 per share, with individual sale trades ranging from $49.04 to $49.055.

How many Intel (INTC) shares does Miller Boise April own after these transactions?

After the reported transactions, Miller Boise April directly owns 113,060 shares of Intel common stock. This reflects PSU conversion on January 31, 2026, followed by share withholding for taxes and an additional 20,000-share sale on February 2, 2026.

What are Intel (INTC) performance-based stock units (PSUs) described in this filing?

Each Intel performance-based stock unit represents the right to receive up to 200% of one share of common stock after vesting. The actual number of shares delivered depends on achieving pre-approved performance metrics over a three-year measurement period defined by the company’s Compensation Committee.

Over what period were Intel (INTC) PSU performance metrics measured in this Form 4?

The PSUs that vested into 76,705 Intel shares on January 31, 2026 were based on performance metrics measured over a three-year period, beginning with fiscal year 2023 and ending on the last day of fiscal year 2025, as approved by Intel’s Compensation Committee.