MICHAEL J. BERRY - 15 May 2024 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
EVP, CFO
Signature
/s/ Michael Schultz, Attorney-in-Fact for Michael J Berry
Issuer symbol
NTAP
Transactions as of
15 May 2024
Net transactions value
-$335,732
Form type
4
Filing time
17 May 2024, 16:15:11 UTC
Previous filing
17 Apr 2024
Next filing
20 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 +7,719 +4.7% 171,471 15 May 2024 By The Berry Family Trust F1
transaction NTAP Common Shares Tax liability $335,732 -3,035 -1.8% $110.62 168,436 15 May 2024 By The Berry Family Trust

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 -1,438 -20% 5,750 15 May 2024 Common Shares 1,438 Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise -1,263 -11% 10,100 15 May 2024 Common Shares 1,263 Direct F1, F3
transaction NTAP Restricted Stock Unit Options Exercise -5,018 -25% 15,054 15 May 2024 Common Shares 5,018 Direct F1, F4
* 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 23,000 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 20,199 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.
F4 On July 13, 2023, the reporting person was granted 20,072 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.