Michael J. Berry - Aug 15, 2023 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
EVP Finance & Operations, CFO
Signature
By:Roberta S Cohen, Attorney-in-Fact for Michael J. Berry
Stock symbol
NTAP
Transactions as of
Aug 15, 2023
Transactions value $
-$80,944
Form type
4
Date filed
8/17/2023, 04:00 PM
Previous filing
Jul 25, 2023
Next filing
Nov 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common shares Options Exercise $0 +2.7K +1.59% $0.00 172K Aug 15, 2023 The Berry Trust
transaction NTAP Common Shares Tax liability -$80.9K -1.06K -0.62% $76.29 171K Aug 15, 2023 The Berry Trust

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 -1.44K -12.5% $0.00 10.1K Aug 15, 2023 Common Stock 1.44K $0.00 Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise $0 -1.26K -8.33% $0.00 13.9K Aug 15, 2023 Common Stock 1.26K $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 July 1, 2021, the reporting person was granted 23,000 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.
F3 On July 1, 2022, the reporting person was granted 20,199 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.