George Kurian - 01 Jun 2022 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
Chief Executive Officer, Director
Signature
By:Roberta S Cohen, Attorney-in-Fact for George Kurian
Issuer symbol
NTAP
Transactions as of
01 Jun 2022
Transactions value $
-$1,136,884
Form type
4
Filing time
03 Jun 2022, 17:00:24 UTC
Previous filing
27 May 2022
Next filing
10 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Shares Options Exercise $0 +31.6K +20.54% $0.00 186K 01 Jun 2022 Direct
transaction NTAP Common shares Tax liability -$1.14M -15.7K -8.45% $72.51 170K 01 Jun 2022 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 $0 -8.5K -100% $0.00* 0 01 Jun 2022 Common Stock 8.5K $0.00 Direct F1, F2
transaction NTAP Restricted Stock Options Exercise $0 -9.25K -50% $0.00 9.25K 01 Jun 2022 Common Stock 9.25K $0.00 Direct F1, F3, F4
transaction NTAP Restricted Stock Options Exercise $0 -13.9K -33.33% $0.00 27.8K 01 Jun 2022 Common Stock 13.9K $0.00 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 June 4, 2018, the reporting person was granted 34,000 restricted stock units, vesting in four equal annual installments beginning on June 1, 2019 and subject to continued service on each applicable vesting date.
F3 On June 3, 2019, the reporting person was granted 37,000 restricted stock units, vesting in four equal annual installments beginning on June 1,2020 and subject to continued service on each applicable vesting date.
F4 On July 1, 2020, the reporting person was granted 55,500 restricted stock units, vesting in four equal annual installments beginning on June 1,2021 and subject to continued service on each applicable vesting date.