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

Role
Chief Accounting Officer
Signature
By:Roberta S Cohen, Attorney-in-Fact for Robert Parks
Stock symbol
NTAP
Transactions as of
Feb 15, 2023
Transactions value $
-$76,199
Form type
4
Date filed
2/17/2023, 03:01 PM
Previous filing
Nov 17, 2022
Next filing
May 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Shares Options Exercise $0 +3.16K +71.48% $0.00 7.58K Feb 15, 2023 Direct
transaction NTAP Common shares Tax liability -$68.7K -1K -13.2% $68.71 6.58K Feb 15, 2023 Direct
transaction NTAP Common Shares Options Exercise $0 +375 +5.7% $0.00 6.95K Feb 15, 2023 Direct
transaction NTAP Common shares Tax liability -$7.49K -109 -1.57% $68.71 6.84K 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 Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $0 -3.16K -33.33% $0.00 6.32K Feb 15, 2023 Common Stock 3.16K $0.00 Direct F1, F2
transaction NTAP Restricted Stock Options Exercise $0 -375 -10% $0.00 3.38K Feb 15, 2023 Common Stock 375 $0.00 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.