George Kurian - 15 May 2022 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
Chief Executive Officer, Director
Signature
By:Roberta S Cohen, Attorney-in-Fact for George Kurian
Issuer symbol
NTAP
Transactions as of
15 May 2022
Transactions value $
-$222,175
Form type
4
Filing time
16 May 2022, 17:00:02 UTC
Previous filing
29 Apr 2022
Next filing
23 May 2022
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 $0 +9.03K +6.91% $0.00 140K 15 May 2022 Direct
transaction NTAP Common shares Tax liability -$222K -3.12K -2.23% $71.21 136K 15 May 2022 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 $0 -9.03K -25% $0.00 27.1K 15 May 2022 Common Stock 9.03K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSU Price: 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.