Harvinder S. Bhela - 15 Feb 2024 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
EVP, Chief Product Officer
Signature
By:Roberta S Cohen, Attorney-in-Fact for Harvinder Bhela
Issuer symbol
NTAP
Transactions as of
15 Feb 2024
Net transactions value
-$579,735
Form type
4
Filing time
20 Feb 2024, 16:00:37 UTC
Previous filing
17 Nov 2023
Next filing
17 May 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 +21,122 +104% $0.000000 41,451 15 Feb 2024 Direct
transaction NTAP Common Shares Tax liability $579,735 -6,643 -16% $87.27 34,808 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 -19,579 -100% $0.000000* 0 15 Feb 2024 Common Stock 19,579 Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise $0 -1,543 -10% $0.000000 13,887 15 Feb 2024 Common Stock 1,543 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 February 15, 2022, the reporting person was granted 39,157 restricted stock units, with 50% vesting on February 15, 2023, and the remaining 50% vesting on February 15, 2024, subject to continued service on each applicable vesting date.
F3 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.