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

Role
CEO, Director
Signature
/s/ Michael Schultz, Attorney-in-Fact for George Kurian
Issuer symbol
NTAP
Transactions as of
15 May 2024
Net transactions value
-$840,601
Form type
4
Filing time
17 May 2024, 16:20:29 UTC
Previous filing
15 May 2024
Next filing
20 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Shares Options Exercise +16,673 +6.8% 260,875 15 May 2024 Direct F1
transaction NTAP Common Shares Tax liability $840,601 -7,599 -2.9% $110.62 253,276 15 May 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 -2,257 -20% 9,025 15 May 2024 Common Shares 2,257 Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise -2,875 -11% 23,006 15 May 2024 Common Shares 2,875 Direct F1, F3
transaction NTAP Restricted Stock Unit Options Exercise -11,541 -25% 34,625 15 May 2024 Common Shares 11,541 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.