Elizabeth M. O'Callahan - Feb 15, 2025 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
EVP, Chief Legal Officer
Signature
/s/ Michael Schultz, Attorney-in-Fact for Elizabeth M O'Callahan
Stock symbol
NTAP
Transactions as of
Feb 15, 2025
Transactions value $
-$234,548
Form type
4
Date filed
2/20/2025, 07:02 AM
Previous filing
Feb 12, 2025
Next filing
Mar 11, 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 +3.85K +33.28% 15.4K Feb 15, 2025 Direct F1
transaction NTAP Common Shares Tax liability -$235K -1.97K -12.79% $119.06 13.4K 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 -1.79K -50% 1.79K Feb 15, 2025 Common Shares 1.79K Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise -1.05K -16.66% 5.24K Feb 15, 2025 Common Shares 1.05K Direct F1, F3
transaction NTAP Restricted Stock Unit Options Exercise -1K -10% 9.03K Feb 15, 2025 Common Shares 1K 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 28,700 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 16,758 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 16,058 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.