Harvinder S. Bhela - 15 May 2025 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
EVP, Chief Product Officer
Signature
/s/ Bryan Tham, Attorney-in-Fact for Harvinder S Bhela
Issuer symbol
NTAP
Transactions as of
15 May 2025
Net transactions value
-$151,127
Form type
4
Filing time
19 May 2025, 16:30:17 UTC
Previous filing
20 Feb 2025
Next filing
20 May 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Bhela Harvinder S EVP, Chief Product Officer 3060 OLSEN DRIVE, SAN JOSE /s/ Bryan Tham, Attorney-in-Fact for Harvinder S Bhela 19 May 2025 0001911090

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Shares Options Exercise +6,221 +4.5% 145,118 15 May 2025 Direct F1
transaction NTAP Common Shares Tax liability $151,127 -1,514 -1% $99.82 143,604 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 -1,543 -20% 6,172 15 May 2025 Common Shares 1,543 Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise -1,380 -11% 11,040 15 May 2025 Common Shares 1,380 Direct F1, F3
transaction NTAP Restricted Stock Unit Options Exercise -3,298 -25% 9,897 15 May 2025 Common Shares 3,298 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, 2022, the reporting person was granted 24,688 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.
F3 On July 13, 2023, the reporting person was granted 22,079 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.
F4 On July 1, 2024, the reporting person was granted 13,195 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.