Cesar Cernuda - Jun 28, 2024 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
President
Signature
/s/ Michael Schultz, Attorney-in-Fact for Cesar Cernuda
Stock symbol
NTAP
Transactions as of
Jun 28, 2024
Transactions value $
-$2,848,113
Form type
4
Date filed
7/2/2024, 04:15 PM
Previous filing
May 20, 2024
Next filing
Jul 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Shares -Sell -$2,025,178 -15,659 -18.04% $129.33 71,130 Jun 28, 2024 Direct F1, F2, F3
transaction NTAP Common Shares -Sell -$822,935 -6,341 -8.91% $129.78 64,789 Jun 28, 2024 Direct F1, F4

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The Transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 21, 2024.
F2 The price in Column 4 is a weighted average price of all sales by the reporting person on the transaction date within a one dollar range. The prices actually received ranged from $129.00 to $129.58. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F3 Includes 348 shares purchased at $61.166 per share under the NetApp Employee Stock Purchase Plan on May 31, 2024.
F4 The price in Column 4 is a weighted average price of all sales by the reporting person on the transaction date within a one dollar range. The prices actually received ranged from $129.60 to $130.18. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.