# EDGAR Filing Document

**Accession Number:** 0001089113
**File Stem:** 0001654954-26-002239
**Filing Date:** 2026-3
**Character Count:** 35357
**Document Hash:** 3291cdca6290aff8f7adac67130cc35e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001654954-26-002239.hdr.sgml**: 20260313

**ACCESSION NUMBER**: 0001654954-26-002239

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260313

**FILED AS OF DATE**: 20260313

**DATE AS OF CHANGE**: 20260313

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HSBC HOLDINGS PLC
- **CENTRAL INDEX KEY:** 0001089113
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-14930
- **FILM NUMBER:** 26751691

**BUSINESS ADDRESS:**
- **STREET 1:** 8 CANADA SQUARE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** E145HQ
- **BUSINESS PHONE:** 442079913048

**MAIL ADDRESS:**
- **STREET 1:** 8 CANADA SQUARE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** E14 5HQ

 **FORM 6-K**

 **SECURITIES AND EXCHANGE COMMISSION**

 **Washington, D.C. 20549**

 **Report of Foreign Private Issuer**

 **Pursuant to Rule 13a - 16 or 15d - 16 of**

 **the Securities Exchange Act of 1934**

For the month of March

 **HSBC Holdings plc**

8 Canada Square, London E14 5HQ, England

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F).

Form 20-F X Form 40-F

**HSBC HOLDINGS PLC**

 **13 March 2026**

 **Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")**

Deferred awards (the "Awards") in ordinary shares of US$0.50 each (the "Shares") in HSBC Holdings plc (the "Company") vested on 11 and 12 March 2026.

 **1. Annual Incentive awards (Performance Year 2023)**

Awards of Shares in the Company were granted in 2024 as a part of variable pay for the performance year ended 31 December 2023.

On 11 March 2026, tranches of the Awards granted in 2024 vested and the following transactions took place in London:

---

| | | |
|:---|:---|:---|
| **Name**<br>| **Total number of Shares vested**<br>| **Number of Shares sold at £12.698495 per Share**<sup>1</sup><br>|
| David Liao | 10785 | - |
| Stuart Riley | 49805 | 23409 |
| Michael Roberts | 21084 | 10764 |
| Surendra Rosha | 11177 | - |
| Suzanna White | 15231 | 6955 |

---

<sup>1</sup> *Represents shares sold to cover withholding tax*.

 **2. Annual Incentive awards (Performance Year 2024)**

Awards of Shares in the Company were granted in 2025 as a part of variable pay for the performance year ended 31 December 2024.

On 12 March 2026, tranches of the Awards granted in 2025 vested and the following transactions took place in London:

---

| | | |
|:---|:---|:---|
| **Name**<br>| **Total number of Shares vested**<br>| **Number of Shares sold at £11.973259 per Share**<sup>1</sup><br>|
| Richard Blackburn | 9408 | 4422 |
| David Liao | 6706 | -  |
| Michael Roberts | 17553 | 8961 |
| Surendra Rosha | 7368 | -  |
| Suzanna White | 5334 | 2507 |

---

<sup>1</sup> *Represents shares sold to cover withholding tax*.

For the purpose of the below disclosures, the value of the Awards which vested on 11 and 12 March 2026 has been calculated using the closing Share price on the London Stock Exchange on 10 March 2026 of £12.80.

The following disclosures are made in accordance with the UK version of the EU Market Abuse Regulation 596/2014.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** |
| **Name of natural person** | **Name of natural person** | **Name of natural person** | Richard Blackburn | Richard Blackburn |  |
| **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** |
| **Position/status** | **Position/status** | **Position/status** | Group Chief Risk and Compliance Officer | Group Chief Risk and Compliance Officer | Group Chief Risk and Compliance Officer |
| **Initial notification/amendment** | **Initial notification/amendment** | **Initial notification/amendment** | Initial Notification | Initial Notification | Initial Notification |
| **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** |
| **Full name of the entity** | **Full name of the entity** | **Full name of the entity** | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| **Legal Entity Identifier code** | **Legal Entity Identifier code** | **Legal Entity Identifier code** | MLU0ZO3ML4LN2LL2TL39 | MLU0ZO3ML4LN2LL2TL39 | MLU0ZO3ML4LN2LL2TL39 |
| **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** |
| **Date of Transaction** | **Financial Instrument** | **Identification Code** | **Place of Transaction** | **Place of Transaction** | **Currency** |
| 2025-03-12 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | **Price**<br>| **Volume** | **Total**<br>|
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | £12.80 | 9408 | £120,422.40 |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Aggregated** | **£12.80** | **9408** | **£120,422.40** |
| **Date of Transaction** | **Financial Instrument** | **Identification Code** | **Place of Transaction** | **Place of Transaction** | **Currency** |
| 2025-03-12 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
| **Nature of Transaction:**<br>Disposal | **Nature of Transaction:**<br>Disposal |  | **Price**<br>| **Volume** | **Total**<br>|
| **Nature of Transaction:**<br>Disposal | **Nature of Transaction:**<br>Disposal |  | £11.97 | 4422 | £52,945.75 |
| **Nature of Transaction:**<br>Disposal | **Nature of Transaction:**<br>Disposal | **Aggregated** | **£11.973** | **4422** | **£52,945.75** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** |
| **Name of natural person** | **Name of natural person** | **Name of natural person** | David Liao | David Liao |  |
| **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** |
| **Position/status** | **Position/status** | **Position/status** | Co-Chief Executive, Asia and Middle East | Co-Chief Executive, Asia and Middle East | Co-Chief Executive, Asia and Middle East |
| **Initial notification/amendment** | **Initial notification/amendment** | **Initial notification/amendment** | Initial Notification | Initial Notification | Initial Notification |
| **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** |
| **Full name of the entity** | **Full name of the entity** | **Full name of the entity** | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| **Legal Entity Identifier code** | **Legal Entity Identifier code** | **Legal Entity Identifier code** | MLU0ZO3ML4LN2LL2TL39 | MLU0ZO3ML4LN2LL2TL39 | MLU0ZO3ML4LN2LL2TL39 |
| **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** |
| **Date of Transaction** | **Financial Instrument** | **Identification Code** | **Place of Transaction** | **Place of Transaction** | **Currency** |
| 2025-03-11 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | **Price**<br>| **Volume** | **Total**<br>|
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | £12.80 | 10785 | £138,048.00 |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Aggregated** | **£12.80** | **10785** | **£138,048.00** |
| **Date of Transaction** | **Financial Instrument** | **Identification Code** | **Place of Transaction** | **Place of Transaction** | **Currency** |
| 2025-03-12 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | **Price**<br>| **Volume** | **Total**<br>|
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | £12.80 | 6706 | £85,836.80 |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Aggregated** | **£12.80** | **6706** | **£85,836.80** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** |
| **Name of natural person** | **Name of natural person** | **Name of natural person** | Stuart Riley | Stuart Riley |  |
| **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** |
| **Position/status** | **Position/status** | **Position/status** | Group Chief Information Officer | Group Chief Information Officer | Group Chief Information Officer |
| **Initial notification/amendment** | **Initial notification/amendment** | **Initial notification/amendment** | Initial Notification | Initial Notification | Initial Notification |
| **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** |
| **Full name of the entity** | **Full name of the entity** | **Full name of the entity** | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| **Legal Entity Identifier code** | **Legal Entity Identifier code** | **Legal Entity Identifier code** | MLU0ZO3ML4LN2LL2TL39 | MLU0ZO3ML4LN2LL2TL39 | MLU0ZO3ML4LN2LL2TL39 |
| **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** |
| **Date of Transaction** | **Financial Instrument** | **Identification Code** | **Place of Transaction** | **Place of Transaction** | **Currency** |
| 2025-03-11 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | **Price**<br>| **Volume** | **Total**<br>|
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | £12.80 | 49805 | £637,504.00 |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Aggregated** | **£12.80** | **49805** | **£637,504.00** |
| **Date of Transaction** | **Financial Instrument** | **Identification Code** | **Place of Transaction** | **Place of Transaction** | **Currency** |
| 2025-03-11 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
| **Nature of Transaction:**<br>Disposal | **Nature of Transaction:**<br>Disposal |  | **Price**<br>| **Volume** | **Total**<br>|
| **Nature of Transaction:**<br>Disposal | **Nature of Transaction:**<br>Disposal |  | £12.70 | 23409 | £297,259.07 |
| **Nature of Transaction:**<br>Disposal | **Nature of Transaction:**<br>Disposal | **Aggregated** | **£12.698** | **23409** | **£297,259.07** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** |
| **Name of natural person** | **Name of natural person** | **Name of natural person** | Michael Roberts | Michael Roberts |  |
| **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** |
| **Position/status** | **Position/status** | **Position/status** | Chief Executive, HSBC Bank plc and Corporate and Institutional Banking | Chief Executive, HSBC Bank plc and Corporate and Institutional Banking | Chief Executive, HSBC Bank plc and Corporate and Institutional Banking |
| **Initial notification/amendment** | **Initial notification/amendment** | **Initial notification/amendment** | Initial Notification | Initial Notification | Initial Notification |
| **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** |
| **Full name of the entity** | **Full name of the entity** | **Full name of the entity** | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| **Legal Entity Identifier code** | **Legal Entity Identifier code** | **Legal Entity Identifier code** | MLU0ZO3ML4LN2LL2TL39 | MLU0ZO3ML4LN2LL2TL39 | MLU0ZO3ML4LN2LL2TL39 |
| **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** |
| **Date of Transaction** | **Financial Instrument** | **Identification Code** | **Place of Transaction** | **Place of Transaction** | **Currency** |
| 2025-03-11 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | **Price**<br>| **Volume** | **Total**<br>|
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | £12.80 | 21084 | £269,875.20 |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Aggregated** | **£12.80** | **21084** | **£269,875.20** |
| **Date of Transaction** | **Financial Instrument** | **Identification Code** | **Place of Transaction** | **Place of Transaction** | **Currency** |
| 2025-03-11 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
| **Nature of Transaction:**<br>Disposal | **Nature of Transaction:**<br>Disposal |  | **Price**<br>| **Volume** | **Total**<br>|
| **Nature of Transaction:**<br>Disposal | **Nature of Transaction:**<br>Disposal |  | £12.70 | 10764 | £136,686.60 |
| **Nature of Transaction:**<br>Disposal | **Nature of Transaction:**<br>Disposal | **Aggregated** | **£12.698** | **10764** | **£136,686.60** |
| **Date of Transaction** | **Financial Instrument** | **Identification Code** | **Place of Transaction** | **Place of Transaction** | **Currency** |
| 2025-03-12 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | **Price**<br>| **Volume** | **Total**<br>|
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | £12.80 | 17553 | £224,678.40 |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Aggregated** | **£12.80** | **17553** | **£224,678.40** |
| **Date of Transaction** | **Financial Instrument** | **Identification Code** | **Place of Transaction** | **Place of Transaction** | **Currency** |
| 2025-03-12 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
| **Nature of Transaction:**<br>Disposal | **Nature of Transaction:**<br>Disposal |  | **Price**<br>| **Volume** | **Total**<br>|
| **Nature of Transaction:**<br>Disposal | **Nature of Transaction:**<br>Disposal |  | £11.97 | 8961 | £107,292.37 |
| **Nature of Transaction:**<br>Disposal | **Nature of Transaction:**<br>Disposal | **Aggregated** | **£11.973** | **8961** | **£107,292.37** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** |
| **Name of natural person** | **Name of natural person** | **Name of natural person** | Surendra Rosha | Surendra Rosha |  |
| **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** |
| **Position/status** | **Position/status** | **Position/status** | Co-Chief Executive, Asia and Middle East | Co-Chief Executive, Asia and Middle East | Co-Chief Executive, Asia and Middle East |
| **Initial notification/amendment** | **Initial notification/amendment** | **Initial notification/amendment** | Initial Notification | Initial Notification | Initial Notification |
| **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** |
| **Full name of the entity** | **Full name of the entity** | **Full name of the entity** | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| **Legal Entity Identifier code** | **Legal Entity Identifier code** | **Legal Entity Identifier code** | MLU0ZO3ML4LN2LL2TL39 | MLU0ZO3ML4LN2LL2TL39 | MLU0ZO3ML4LN2LL2TL39 |
| **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** |
| **Date of Transaction** | **Financial Instrument** | **Identification Code** | **Place of Transaction** | **Place of Transaction** | **Currency** |
| 2025-03-11 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | **Price**<br>| **Volume** | **Total**<br>|
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | £12.80 | 11177 | £143,065.60 |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Aggregated** | **£12.80** | **11177** | **£143,065.60** |
| **Date of Transaction** | **Financial Instrument** | **Identification Code** | **Place of Transaction** | **Place of Transaction** | **Currency** |
| 2025-03-12 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | **Price**<br>| **Volume** | **Total**<br>|
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | £12.80 | 7368 | £94,310.40 |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Aggregated** | **£12.80** | **7368** | **£94,310.40** |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** | **1 - Details of the person discharging managerial responsibilities / person closely associated** |
| **Name of natural person** | **Name of natural person** | **Name of natural person** | Suzanna White | Suzanna White |  |
| **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** | **2 - Reason for the notification** |
| **Position/status** | **Position/status** | **Position/status** | Group Chief Operating Officer | Group Chief Operating Officer | Group Chief Operating Officer |
| **Initial notification/amendment** | **Initial notification/amendment** | **Initial notification/amendment** | Initial Notification | Initial Notification | Initial Notification |
| **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** | **3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor** |
| **Full name of the entity** | **Full name of the entity** | **Full name of the entity** | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| **Legal Entity Identifier code** | **Legal Entity Identifier code** | **Legal Entity Identifier code** | MLU0ZO3ML4LN2LL2TL39 | MLU0ZO3ML4LN2LL2TL39 | MLU0ZO3ML4LN2LL2TL39 |
| **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** | **4 - Details of the transaction(s)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction(s) summary table** |
| **Date of Transaction** | **Financial Instrument** | **Identification Code** | **Place of Transaction** | **Place of Transaction** | **Currency** |
| 2025-03-11 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | **Price**<br>| **Volume** | **Total**<br>|
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | £12.80 | 15231 | £194,956.80 |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Aggregated** | **£12.80** | **15231** | **£194,956.80** |
| **Date of Transaction** | **Financial Instrument** | **Identification Code** | **Place of Transaction** | **Place of Transaction** | **Currency** |
| 2025-03-11 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
| **Nature of Transaction:**<br>Disposal | **Nature of Transaction:**<br>Disposal |  | **Price**<br>| **Volume** | **Total**<br>|
| **Nature of Transaction:**<br>Disposal | **Nature of Transaction:**<br>Disposal |  | £12.70 | 6955 | £88,318.03 |
| **Nature of Transaction:**<br>Disposal | **Nature of Transaction:**<br>Disposal | **Aggregated** | **£12.698** | **6955** | **£88,318.03** |
| **Date of Transaction** | **Financial Instrument** | **Identification Code** | **Place of Transaction** | **Place of Transaction** | **Currency** |
| 2025-03-12 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | **Price**<br>| **Volume** | **Total**<br>|
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 |  | £12.80 | 5334 | £68,275.20 |
| **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Nature of Transaction:**<br>Vestings under the HSBC Share Plan 2011 | **Aggregated** | **£12.80** | **5334** | **£68,275.20** |
| **Date of Transaction** | **Financial Instrument** | **Identification Code** | **Place of Transaction** | **Place of Transaction** | **Currency** |
| 2025-03-12 | Ordinary shares of US$0.50 each | GB0005405286 | London Stock Exchange, Main Market (XLON) | London Stock Exchange, Main Market (XLON) | GBP - British Pound |
| **Nature of Transaction:**<br>Disposal | **Nature of Transaction:**<br>Disposal |  | **Price**<br>| **Volume** | **Total**<br>|
| **Nature of Transaction:**<br>Disposal | **Nature of Transaction:**<br>Disposal |  | £11.97 | 2507 | £30,016.96 |
| **Nature of Transaction:**<br>Disposal | **Nature of Transaction:**<br>Disposal | **Aggregated** | **£11.973** | **2507** | **£30,016.96** |

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 **SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| |
|:---|
| HSBC Holdings plc |
| By: |
| Name: Angela McEntee |
| Title: Group Company Secretary |
| Date: 13 March 2026 |

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