Harvinder S. Bhela - Feb 15, 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
Stock symbol
NTAP
Transactions as of
Feb 15, 2024
Transactions value $
-$579,735
Form type
4
Date filed
2/20/2024, 04:00 PM
Previous filing
Nov 17, 2023
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Shares Options Exercise $0 +21.1K +103.9% $0.00 41.5K Feb 15, 2024 Direct
transaction NTAP Common Shares Tax liability -$580K -6.64K -16.03% $87.27 34.8K 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 -19.6K -100% $0.00* 0 Feb 15, 2024 Common Stock 19.6K Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise $0 -1.54K -10% $0.00 13.9K Feb 15, 2024 Common Stock 1.54K 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.