Harvinder S. Bhela - May 15, 2023 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
EVP, Chief Product Officer
Signature
By: Roberta S Cohen, Attorney-in-Fact for Harvinder Bhela
Stock symbol
NTAP
Transactions as of
May 15, 2023
Transactions value $
-$157,213
Form type
4
Date filed
5/17/2023, 04:00 PM
Previous filing
Feb 17, 2023
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common shares Options Exercise $0 +6.17K +43.03% $0.00 20.5K May 15, 2023 Direct
transaction NTAP Common Shares Tax liability -$157K -2.43K -11.83% $64.75 18.1K May 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 Unit Options Exercise $0 -6.17K -25% $0.00 18.5K May 15, 2023 Common Stock 6.17K $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, 2022, the reporting person was granted 24,688 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2023 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.