George Kurian - May 15, 2024 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
CEO, Director
Signature
/s/ Michael Schultz, Attorney-in-Fact for George Kurian
Stock symbol
NTAP
Transactions as of
May 15, 2024
Transactions value $
-$840,601
Form type
4
Date filed
5/17/2024, 04:20 PM
Previous filing
May 15, 2024
Next filing
May 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Shares Options Exercise +16.7K +6.83% 261K May 15, 2024 Direct F1
transaction NTAP Common Shares Tax liability -$841K -7.6K -2.91% $110.62 253K May 15, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NTAP Restricted Stock Unit Options Exercise -2.26K -20.01% 9.03K May 15, 2024 Common Shares 2.26K Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise -2.88K -11.11% 23K May 15, 2024 Common Shares 2.88K Direct F1, F3
transaction NTAP Restricted Stock Unit Options Exercise -11.5K -25% 34.6K May 15, 2024 Common Shares 11.5K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 On July 1, 2021, the reporting person was granted 36,100 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2022 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
F3 On July 1, 2022, the reporting person was granted 46,010 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2023 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
F4 On July 13, 2023, the reporting person was granted 46,166 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2024 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.