George Kurian - Jun 1, 2023 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
Chief Executive Officer, Director
Signature
By: Roberta S Cohen, Attorney-in-Fact for George Kurian
Stock symbol
NTAP
Transactions as of
Jun 1, 2023
Transactions value $
-$825,093
Form type
4
Date filed
6/5/2023, 04:14 PM
Previous filing
Jun 2, 2023
Next filing
Jun 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common shares Options Exercise $0 +23.1K +8.38% $0.00 299K Jun 1, 2023 Direct
transaction NTAP Common Shares Tax liability -$825K -11.5K -3.83% $71.96 288K Jun 1, 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 -9.25K -100% $0.00* 0 Jun 1, 2023 Common Stock 9.25K $0.00 Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise $0 -13.9K -50% $0.00 13.9K Jun 1, 2023 Common Stock 13.9K $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 June 3, 2019, the reporting person was granted 37,000 restricted stock units, vesting in four equal annual installments beginning on June 1, 2020 and subject to continued service on each applicable vesting date.
F3 On July 1, 2020, the reporting person was granted 55,500 restricted stock units, vesting in four equal annual installments beginning on June 1, 2021 and subject to continued service on each applicable vesting date.