George Kurian - 15 May 2025 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role: CEO, Director
Signature: /s/ Bryan Tham, Attorney-in-Fact for George Kurian
Issuer symbol: NTAP
Transactions as of: 15 May 2025
Net transactions value: -$798,760
Form type: 4
Filing time: 19 May 2025, 16:30:13 UTC
Previous filing: 25 Apr 2025
Next filing: 20 May 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Kurian George	CEO, Director	3060 OLSEN DRIVE, SAN JOSE	/s/ Bryan Tham, Attorney-in-Fact for George Kurian	19 May 2025	0001586813

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTAP	Common Shares	Options Exercise		+16,015	+6.4%		265,780	15 May 2025	Direct	F1
transaction	NTAP	Common Shares	Tax liability	$798,760	-8,002	-3%	$99.82	257,778	15 May 2025	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		-2,257	-100%		0	15 May 2025	Common Shares	2,257		Direct	F1, F2
transaction	NTAP	Restricted Stock Unit	Options Exercise		-2,876	-20%		11,503	15 May 2025	Common Shares	2,876		Direct	F1, F3
transaction	NTAP	Restricted Stock Unit	Options Exercise		-2,885	-11%		23,084	15 May 2025	Common Shares	2,885		Direct	F1, F4
transaction	NTAP	Restricted Stock Unit	Options Exercise		-7,997	-25%		23,991	15 May 2025	Common Shares	7,997		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 36,100 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 46,010 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 46,166 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.
F5	On July 1, 2024, the reporting person was granted 31,988 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares 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.