Harvinder S. Bhela - Nov 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
Nov 15, 2023
Transactions value $
-$47,904
Form type
4
Date filed
11/17/2023, 04:00 PM
Previous filing
Nov 17, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common shares Options Exercise $0 +1.54K +7.96% $0.00 20.9K Nov 15, 2023 Direct
transaction NTAP Common Shares Tax liability -$47.9K -607 -2.9% $78.92 20.3K Nov 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 -1.54K -9.09% $0.00 15.4K Nov 15, 2023 Common Stock 1.54K 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.