CESAR CERNUDA - 15 Feb 2023 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
President
Signature
By:Roberta S Cohen, Attorney-in-Fact for Cesar Cernuda
Issuer symbol
NTAP
Transactions as of
15 Feb 2023
Net transactions value
-$72,008
Form type
4
Filing time
17 Feb 2023, 15:01:15 UTC
Previous filing
19 Dec 2022
Next filing
17 Mar 2023
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 +2,231 +3.6% $0.000000 63,877 15 Feb 2023 Direct
transaction NTAP Common shares Tax liability $72,008 -1,048 -1.6% $68.71 62,829 15 Feb 2023 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 Options Exercise $0 -2,231 -10% $0.000000 20,082 15 Feb 2023 Common Stock 2,231 $0.000000 Direct F1, F2
* 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.