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

Role
CEO, Director
Signature
/s/ Michael Schultz, Attorney-in-Fact for George Kurian
Stock symbol
NTAP
Transactions as of
Feb 15, 2025
Transactions value $
-$480,288
Form type
4
Date filed
2/20/2025, 06:54 AM
Previous filing
Jan 23, 2025
Next filing
Feb 20, 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 +8.02K +2.96% 279K Feb 15, 2025 Direct F1
transaction NTAP Common Shares Tax liability -$480K -4.03K -1.44% $119.06 275K Feb 15, 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 -2.26K -49.99% 2.26K Feb 15, 2025 Common Shares 2.26K Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise -2.88K -16.66% 14.4K Feb 15, 2025 Common Shares 2.88K Direct F1, F3
transaction NTAP Restricted Stock Unit Options Exercise -2.89K -10% 26K Feb 15, 2025 Common Shares 2.89K 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 36,100 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 46,010 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 46,166 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.