Harvinder S. Bhela - 15 May 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
Issuer symbol: NTAP
Transactions as of: 15 May 2023
Net transactions value: -$157,213
Form type: 4
Filing time: 17 May 2023, 16:00:22 UTC
Previous filing: 17 Feb 2023
Next filing: 05 Jun 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	+6,172	+43%	$0.000000	20,517	15 May 2023	Direct
transaction	NTAP	Common Shares	Tax liability	$157,213	-2,428	-12%	$64.75	18,089	15 May 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	-6,172	-25%	$0.000000	18,516	15 May 2023	Common Stock	6,172	$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, 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.