Douglas Kramer sells 6,000 shares of NetApp (NASDAQ: NET) — $1.19M transaction

Rhea-AI Filing Summary

Douglas Kramer reported a sale of 6,000 shares of Common Stock on 05/11/2026, with proceeds of $1,191,738.60.

The filing also lists previously issued restricted stock awards: 08/15/2024 (1,669 shares), 11/15/2024 (2,449 shares), 11/15/2024 (690 shares), and 11/15/2024 (1,192 shares). These award entries appear as background grant activity; they are separate from the reported sale.

Insights

Insider Transactions Analyst

Sale notice: 6,000 shares sold for $1.19M on 05/11/2026.

The filing is a statutory notice of proposed sale under Form 144 showing a 6,000-share disposition by Douglas Kramer with proceeds listed as $1,191,738.60. Form 144 is an administrative disclosure of a planned or completed sale by an affiliate under resale rules.

Grant entries dated 08/15/2024 and 11/15/2024 list restricted stock awards (1,669; 2,449; 690; 1,192). These are presented as issuer-restricted issuances and appear as contextual background in the excerpt. Cash-flow treatment and block/market method are not specified in the provided excerpt.

Key Figures

Shares sold: 6,000 shares Proceeds: $1,191,738.60 Form type: Form 144 +2 more

5 metrics

Shares sold 6,000 shares Sale reported on 05/11/2026

Proceeds $1,191,738.60 Proceeds from 6,000-share sale on 05/11/2026

Form type Form 144 Notice of proposed sale by affiliate

Restricted award (Aug 15, 2024) 1,669 shares Issuer restricted stock grant dated 08/15/2024

Restricted awards (Nov 15, 2024) 2,449; 690; 1,192 shares Issuer restricted stock grants dated 11/15/2024

Key Terms

Form 144, Restricted Stock, Proceeds

3 terms

Form 144 regulatory

"Filing line: "144: Securities Sold During The Past 3 Months""

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Restricted Stock financial

"Securities To Be Sold entries list "Restricted Stock" with grant dates"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Proceeds financial

"Line showing "6000 | 1191738.60" connects shares to proceeds"

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	6000	1207140.00	319528350	05/18/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/15/2024	Restricted Stock	Issuer			1669	08/15/2024	Not Applicable
Common	11/15/2024	Restricted Stock	Issuer			2449	11/15/2024	Not Applicable
Common	11/15/2024	Restricted Stock	Issuer			690	11/15/2024	Not Applicable
Common	11/15/2024	Restricted Stock	Issuer			1192	11/15/2024	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
DOUGLAS KRAMER 101 Townsend Street San Francisco CA 94107	Common	05/11/2026	6000	1191738.60

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did Douglas Kramer disclose in the Form 144 for NET?

The Form 144 discloses a sale of 6,000 shares of Common Stock by Douglas Kramer on 05/11/2026, with proceeds of $1,191,738.60. The filing also lists several issuer restricted stock awards dated 08/15/2024 and 11/15/2024.

How much proceeds were reported for the NET sale?

The filing lists proceeds of $1,191,738.60 associated with the sale of 6,000 shares reported on 05/11/2026. The excerpt ties this dollar amount directly to the 6,000-share disposition by Douglas Kramer.

Does the filing show other share grants for NET insiders?

Yes. The excerpt lists issuer restricted stock awards of 1,669, 2,449, 690, and 1,192 shares with grant dates 08/15/2024 and 11/15/2024. These entries are shown separately from the reported sale.

Does this Form 144 state how the 6,000 shares were sold (block trade or market)?

The provided excerpt does not specify the method of sale. The record lists the sale date, share count, and proceeds but does not state whether it was a block trade, market transaction, or other distribution method.