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

Role
Chief Accounting Officer
Signature
By:Roberta S Cohen, Attorney-in-Fact for Robert Parks
Issuer symbol
NTAP
Transactions as of
15 Feb 2023
Net transactions value
-$76,199
Form type
4
Filing time
17 Feb 2023, 15:01:39 UTC
Previous filing
17 Nov 2022
Next filing
17 May 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 +3,158 +71% $0.000000 7,576 15 Feb 2023 Direct
transaction NTAP Common shares Tax liability $68,710 -1,000 -13% $68.71 6,576 15 Feb 2023 Direct
transaction NTAP Common Shares Options Exercise $0 +375 +5.7% $0.000000 6,951 15 Feb 2023 Direct
transaction NTAP Common shares Tax liability $7,489 -109 -1.6% $68.71 6,842 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 Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $0 -3,158 -33% $0.000000 6,316 15 Feb 2023 Common Stock 3,159 $0.000000 Direct F1, F2
transaction NTAP Restricted Stock Options Exercise $0 -375 -10% $0.000000 3,375 15 Feb 2023 Common Stock 375 $0.000000 Direct F1, F3
* 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 February 15, 2021, the reporting person was granted 12,633 restricted stock units, vesting in four equal annual installments beginning on February 15, 2022 and subject to continued service on each applicable vesting date.
F3 On July 1, 2021, the reporting person was granted 6,000 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.