CESAR CERNUDA - 15 Feb 2025 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
President
Signature
/s/ Michael Schultz, Attorney-in-Fact for Cesar Cernuda
Issuer symbol
NTAP
Transactions as of
15 Feb 2025
Transactions value $
-$169,899
Form type
4
Filing time
20 Feb 2025, 06:49:27 UTC
Previous filing
31 Dec 2024
Next filing
31 Mar 2025
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 +5.95K +21.96% 33.1K 15 Feb 2025 Direct F1
transaction NTAP Common Shares Tax liability -$170K -1.43K -4.32% $119.06 31.6K 15 Feb 2025 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 -2.23K -49.99% 2.23K 15 Feb 2025 Common Shares 2.23K Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise -1.96K -16.67% 9.82K 15 Feb 2025 Common Shares 1.96K Direct F1, F3
transaction NTAP Restricted Stock Unit Options Exercise -1.76K -10% 15.8K 15 Feb 2025 Common Shares 1.76K 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 35,700 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 31,422 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 28,101 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.