Cesar Cernuda - Nov 15, 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
Nov 15, 2024
Transactions value $
-$327,719
Form type
4
Date filed
11/19/2024, 06:10 PM
Previous filing
Oct 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Shares Options Exercise +5.95K +12.95% 51.9K Nov 15, 2024 Direct F1
transaction NTAP Common Shares Tax liability -$328K -2.8K -5.39% $117.21 49.1K Nov 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 -2.23K -33.33% 4.46K Nov 15, 2024 Common Shares 2.23K Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise -1.96K -14.29% 11.8K Nov 15, 2024 Common Shares 1.96K Direct F1, F3
transaction NTAP Restricted Stock Unit Options Exercise -1.76K -9.09% 17.6K Nov 15, 2024 Common Shares 1.76K 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 35,700 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 31,422 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 28,101 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.