George Kurian - 15 Feb 2024 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
Chief Executive Officer, Director
Signature
By:Roberta S Cohen, Attorney-in-Fact for George Kurian
Issuer symbol
NTAP
Transactions as of
15 Feb 2024
Net transactions value
-$159,530
Form type
4
Filing time
20 Feb 2024, 16:00:30 UTC
Previous filing
04 Dec 2023
Next filing
01 Mar 2024
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 +5,132 +1.9% $0.000000 271,530 15 Feb 2024 Direct
transaction NTAP Common Shares Tax liability $159,530 -1,828 -0.67% $87.27 269,702 15 Feb 2024 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 -2,256 -17% $0.000000 11,282 15 Feb 2024 Common Stock 2,256 Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise $0 -2,876 -10% $0.000000 25,881 15 Feb 2024 Common Stock 2,876 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 36,100 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 46,010 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.