Daniel De Lorenzo - 15 May 2025 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
VP, Controller & CAO
Signature
/s/ Bryan Tham, Attorney-in-Fact for Daniel De Lorenzo
Issuer symbol
NTAP
Transactions as of
15 May 2025
Transactions value $
-$74,218
Form type
4
Filing time
19 May 2025, 16:30:11 UTC
Previous filing
21 Feb 2025
Next filing
05 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
De Lorenzo Daniel VP, Controller & CAO 3060 OLSEN DR, SAN JOSE /s/ Bryan Tham, Attorney-in-Fact for Daniel De Lorenzo 19 May 2025 0002016949

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Shares Options Exercise +1.2K 1.2K 15 May 2025 Direct F1
transaction NTAP Common Shares Tax liability -$41.6K -417 -34.81% $99.82 781 15 May 2025 Direct
transaction NTAP Common Shares Sale -$32.6K -326 -41.74% $99.98 455 16 May 2025 Direct F2

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 -100% 0 15 May 2025 Common Shares 175 Direct F1, F3
transaction NTAP Restricted Stock Unit Options Exercise -70 -33.49% 139 15 May 2025 Common Shares 70 Direct F1, F4
transaction NTAP Restricted Stock Unit Options Exercise -108 -20.07% 430 15 May 2025 Common Shares 108 Direct F1, F5
transaction NTAP Restricted Stock Unit Options Exercise -146 -11.09% 1.17K 15 May 2025 Common Shares 146 Direct F1, F6
transaction NTAP Restricted Stock Unit Options Exercise -699 -24.98% 2.1K 15 May 2025 Common Shares 699 Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 Restricted stock units convert into common stock on a one-for-one basis.
F2 The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 25, 2024.
F3 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.
F4 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.
F5 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.
F6 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.
F7 On July 1, 2024, the reporting person was granted 2,798 restricted stock units, vesting as to twenty-five percent (25%) of the shares on May 15, 2025 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.