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

Role
President
Signature
By:Roberta S Cohen, Attorney-in-Fact for Cesar Cernuda
Stock symbol
NTAP
Transactions as of
Feb 15, 2023
Transactions value $
-$72,008
Form type
4
Date filed
2/17/2023, 03:01 PM
Previous filing
Dec 19, 2022
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Shares Options Exercise $0 +2.23K +3.62% $0.00 63.9K Feb 15, 2023 Direct
transaction NTAP Common shares Tax liability -$72K -1.05K -1.64% $68.71 62.8K Feb 15, 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 -2.23K -10% $0.00 20.1K Feb 15, 2023 Common Stock 2.23K $0.00 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.