George Kurian - Feb 15, 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
Stock symbol
NTAP
Transactions as of
Feb 15, 2024
Transactions value $
-$159,530
Form type
4
Date filed
2/20/2024, 04:00 PM
Previous filing
Dec 4, 2023
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Shares Options Exercise $0 +5.13K +1.93% $0.00 272K Feb 15, 2024 Direct
transaction NTAP Common Shares Tax liability -$160K -1.83K -0.67% $87.27 270K Feb 15, 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 -2.26K -16.66% $0.00 11.3K Feb 15, 2024 Common Stock 2.26K Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise $0 -2.88K -10% $0.00 25.9K Feb 15, 2024 Common Stock 2.88K 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.