Elizabeth M. O'Callahan - May 15, 2024 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
EVP, Chief Legal Officer
Signature
/s/ Michael Schultz, Attorney-in-Fact for Elizabeth M O'Callahan
Stock symbol
NTAP
Transactions as of
May 15, 2024
Transactions value $
-$379,648
Form type
4
Date filed
5/17/2024, 04:22 PM
Previous filing
May 14, 2024
Next filing
Jun 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Shares Options Exercise +6.86K +78.52% 15.6K May 15, 2024 Direct F1
transaction NTAP Common Shares Tax liability -$380K -3.43K -22.02% $110.62 12.2K 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 -1.79K -20% 7.18K May 15, 2024 Common Shares 1.79K Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise -1.05K -11.11% 8.38K May 15, 2024 Common Shares 1.05K Direct F1, F3
transaction NTAP Restricted Stock Unit Options Exercise -4.01K -25% 12K May 15, 2024 Common Shares 4.01K 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 28,700 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 16,758 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 16,058 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.