Elizabeth M. O'Callahan - 15 Aug 2023 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
EVP, Chief Legal Officer
Signature
By: Roberta S Cohen, Attorney-in-Fact for Elizabeth M. O'Callahan
Issuer symbol
NTAP
Transactions as of
15 Aug 2023
Net transactions value
-$107,493
Form type
4
Filing time
17 Aug 2023, 16:00:15 UTC
Previous filing
10 Aug 2023
Next filing
13 Sep 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 +2,840 +23% $0.000000 15,050 15 Aug 2023 Direct
transaction NTAP Common Shares Tax liability $107,493 -1,409 -9.4% $76.29 13,641 15 Aug 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 -1,793 -12% $0.000000 12,557 15 Aug 2023 Common Stock 1,793 $0.000000 Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise $0 -1,047 -8.3% $0.000000 11,522 15 Aug 2023 Common Stock 1,047 $0.000000 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 28,700 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 16,758 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.