Cesar Cernuda - May 15, 2023 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
President
Signature
By: Roberta S Cohen, Attorney-in-Fact for Cesar Cernuda
Stock symbol
NTAP
Transactions as of
May 15, 2023
Transactions value $
-$306,915
Form type
4
Date filed
5/17/2023, 04:00 PM
Previous filing
Mar 17, 2023
Next filing
May 19, 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 +10.1K +22.5% $0.00 54.9K May 15, 2023 Direct
transaction NTAP Common Shares Tax liability -$307K -4.74K -8.63% $64.75 50.2K May 15, 2023 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 -2.23K -11.11% $0.00 17.9K May 15, 2023 Common Stock 2.23K $0.00 Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise $0 -7.86K -25% $0.00 23.6K May 15, 2023 Common Stock 7.86K $0.00 Direct F1, F3
* 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.