Daniel De Lorenzo - May 15, 2024 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
VP, Controller & CAO
Signature
/s/ Michael Schultz, Attorney-in-Fact for Daniel De Lorenzo
Stock symbol
NTAP
Transactions as of
May 15, 2024
Transactions value $
-$36,173
Form type
4
Date filed
5/17/2024, 04:25 PM
Previous filing
Apr 9, 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 +937 937 May 15, 2024 Direct F1
transaction NTAP Common Shares Tax liability -$36.2K -327 -34.9% $110.62 610 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 -175 -20% 700 May 15, 2024 Common Shares 175 Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise -69 -14.2% 417 May 15, 2024 Common Shares 69 Direct F1, F3
transaction NTAP Restricted Stock Unit Options Exercise -108 -11.16% 860 May 15, 2024 Common Shares 108 Direct F1, F4
transaction NTAP Restricted Stock Unit Options Exercise -585 -24.99% 1.76K May 15, 2024 Common Shares 585 Direct F1, F5
* 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 2,800 restricted stock units, vesting as to twenty-five percent (25%) of the shares on 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 November 15, 2021, the reporting person was granted 1,110 restricted stock units, vesting as to twenty-five percent (25%) of the shares on November 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.
F4 On July 1, 2022, the reporting person was granted 1,720 restricted stock units, vesting as to twenty-five percent (25%) of the shares on 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.
F5 On July 13, 2023, the reporting person was granted 2,341 restricted stock units, vesting as to twenty-five percent (25%) of the shares on 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.