Harvinder S. Bhela - 15 May 2025 Form 4 Insider Report for NetApp, Inc. (NTAP)

Reporting relationship: EVP, Chief Product Officer
Issuer ticker: NTAP
Reported as of: 15 May 2025
Net transaction value: -$151,127
SEC form: 4
Accepted by SEC: 19 May 2025, 16:30:17 UTC
Prior SEC filing: 20 Feb 2025
Next SEC filing: 20 May 2025
Source filing: View source filing
Reporting owner signature: /s/ Bryan Tham, Attorney-in-Fact for Harvinder S Bhela

Key filing fact

Harvinder S. Bhela filed Form 4 for NetApp, Inc. (NTAP) on 19 May 2025.

Key facts

This page summarizes Harvinder S. Bhela's Form 4 filing for NetApp, Inc. (NTAP).
5 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 19 May 2025, 16:30.

Change

Previous filing in this sequence was filed on 20 Feb 2025.
Current net transaction value: -$151,127.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001911090 Primary reporting owner

Bhela Harvinder S

Relationship: EVP, Chief Product Officer
Address: 3060 OLSEN DRIVE, SAN JOSE
Signature: /s/ Bryan Tham, Attorney-in-Fact for Harvinder S Bhela
Signature date: 19 May 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NTAP transaction

Common Shares

Options Exercise

Transaction value
Shares: +6,221
Change %: +4.5%
Price
Shares after: 145,118
Date: 15 May 2025
Ownership: Direct
Footnotes: F1

NTAP transaction

Common Shares

Tax liability

Transaction value: $151,127
Shares: -1,514
Change %: -1%
Price: $99.82
Shares after: 143,604
Date: 15 May 2025
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NTAP transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value
Shares: -1,543
Change %: -20%
Price
Shares after: 6,172
Date: 15 May 2025
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 1,543
Exercise price
Footnotes: F1, F2

NTAP transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value
Shares: -1,380
Change %: -11%
Price
Shares after: 11,040
Date: 15 May 2025
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 1,380
Exercise price
Footnotes: F1, F3

NTAP transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value
Shares: -3,298
Change %: -25%
Price
Shares after: 9,897
Date: 15 May 2025
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 3,298
Exercise price
Footnotes: F1, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Restricted stock units convert into common stock on a one-for-one basis.

Footnote 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.

Footnote F3

On July 13, 2023, the reporting person was granted 22,079 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2024 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.

Footnote F4

On July 1, 2024, the reporting person was granted 13,195 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2025 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.