NTAP Form 144: Elizabeth O'Callahan Plans to Sell 1,000 Shares via Morgan Stanley

Rhea-AI Filing Summary

NetApp (NTAP) Form 144 discloses a proposed sale of 1,000 common shares to be executed through Morgan Stanley Smith Barney LLC on 08/11/2025 with an aggregate market value of $105,900.00. The filing reports 200,366,162 shares outstanding.

The securities were acquired as restricted stock in two grants: 358 shares on 02/15/2024 and 642 shares on 05/15/2024. The filer also reported recent sales during the past three months: 1,000 shares on 07/10/2025 (gross proceeds $106,840.00), 528 shares on 06/10/2025 (gross proceeds $54,415.68), and 452 shares on 05/12/2025 (gross proceeds $44,070.00). The form includes the standard representation that the seller does not possess undisclosed material adverse information and space for any Rule 10b5-1 plan adoption date.

Positive

• Form 144 clearly discloses the proposed sale of 1,000 common shares and provides broker details (Morgan Stanley Smith Barney LLC).
• The filing documents prior acquisitions (restricted stock on 02/15/2024 and 05/15/2024) and recent sales with gross proceeds, providing transparent transaction history.

Negative

• Insider sales are reported in the past three months: 1,000 shares on 07/10/2025, 528 shares on 06/10/2025, and 452 shares on 05/12/2025.
• The proposed sale of 1,000 shares is documented but the filing contains no explanation of the purpose of the sale or any plan adoption date for a Rule 10b5-1 program.

Insights

Securities Analyst

TL;DR: Insider filed a Form 144 to sell 1,000 NetApp shares; prior small sales are disclosed.

The filing is a routine Form 144 notice showing a proposed sale of 1,000 NetApp common shares through Morgan Stanley on 08/11/2025 with an aggregate market value of $105,900.00. The document lists two restricted-stock acquisitions in 2024 totaling 1,000 shares and discloses three recent sales in May–July 2025 with gross proceeds provided. For investors, this is a disclosure of insider selling activity rather than operational or financial performance information. All material items presented relate to the securities sale and historical acquisitions/sales reported on the form.

Corporate Governance Expert

TL;DR: The filer makes the standard certification about possession of material nonpublic information; Rule 144 compliance appears intended.

The form includes the required representation that the person selling does not possess undisclosed material adverse information and provides space for a Rule 10b5-1 plan adoption date if applicable. Broker details are specified as Morgan Stanley Smith Barney LLC. The filing documents acquisitions (restricted stock) and subsequent sales with gross proceeds, meeting the disclosure elements of Rule 144 notices. The filing does not state any material nonpublic facts or corporate actions beyond the securities transactions themselves.

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	1000	105900.00	200366162	08/11/2025	NASDAQ

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	02/15/2024	Restricted Stock	ISSUER			358	02/15/2024	Not Applicable
Common	05/15/2024	Restricted Stock	ISSUER			642	05/15/2024	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
ELIZABETH O'CALLAHAN 3060 Olsen Drive San Jose CA 95128	Common	07/10/2025	1000	106840.00
ELIZABETH O'CALLAHAN 3060 Olsen Drive San Jose CA 95128	Common	06/10/2025	528	54415.68
ELIZABETH O'CALLAHAN 3060 Olsen Drive San Jose CA 95128	Common	05/12/2025	452	44070.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 does NetApp (NTAP) Form 144 disclose?

The Form 144 discloses a proposed sale of 1,000 NetApp common shares through Morgan Stanley Smith Barney LLC on 08/11/2025 with an aggregate market value of $105,900.00.

Who is the seller referenced in the Form 144 for NTAP?

Past sales listed on the form were executed by Elizabeth O'Callahan at the address shown; the Form 144 lists the account for whose benefit the securities are to be sold.

How many NetApp shares are outstanding according to the filing?

The filing reports 200,366,162 shares outstanding.

When were the shares being sold originally acquired?

The securities to be sold were acquired as restricted stock on 02/15/2024 (358 shares) and 05/15/2024 (642 shares).

What recent insider sales are disclosed for NTAP on this filing?

The form discloses sales in the past three months of 1,000 shares on 07/10/2025 (gross proceeds $106,840.00), 528 shares on 06/10/2025 (gross proceeds $54,415.68), and 452 shares on 05/12/2025 (gross proceeds $44,070.00).

Does the Form 144 indicate the seller has undisclosed material information?

By signing, the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed; the form includes this standard certification.