MICHAEL J. BERRY - 15 Nov 2022 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
EVP Finance & Operations, CFO
Signature
By:Roberta S Cohen, Attorney-in-Fact for Michael J. Berry
Issuer symbol
NTAP
Transactions as of
15 Nov 2022
Transactions value $
$-41,787
Form type
4
Filing time
17 Nov 2022, 15:00:19 UTC
Previous filing
17 Aug 2022
Next filing
17 Feb 2023
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 +1,438 +1.49% $0.000000 98,185 15 Nov 2022 The Berry Trust
transaction NTAP Common Shares Tax liability $-41,787 -565 -0.58% $73.96 97,620 15 Nov 2022 The Berry 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 $0 -1,438 -9.09% $0.000000 14,375 15 Nov 2022 Common Stock 1,438 $0.000000 Direct F1, F2
* 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.