[144] NetApp, Inc. SEC Filing

Rhea-AI Filing Summary

NetApp, Inc. (NTAP) insider sale notice: The filing reports that 8,750 shares of NetApp common stock are proposed for sale through Morgan Stanley Smith Barney LLC on 09/17/2025 with an aggregate market value of $1,075,418.75. The shares were acquired as performance shares on 05/17/2023 and the filer did not indicate any cash payment arrangement. The filing also discloses two recent sales by the same person: 8,500 shares sold on 08/18/2025 for $925,226.53 and 8,500 shares sold on 07/21/2025 for $918,670.99. The total shares outstanding reported is 199,618,386, and the broker listing is for trading on NASDAQ. The filer affirms they are not aware of undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Insider proposes modest sale of performance shares; recent prior sales of similar size suggest scheduled liquidity rather than a one-off event.

The filing documents a proposed disposition of 8,750 common shares via Morgan Stanley with an aggregate market value of $1,075,418.75 and shows two recent sales of 8,500 shares each in July and August 2025 generating about $0.92 million each. Compared with the stated 199,618,386 shares outstanding, each transaction is immaterial in size and unlikely to change capital structure or control. The shares were acquired as performance awards on 05/17/2023, indicating these are not open-market purchases but insider compensation being monetized. The filer’s certification of no undisclosed material adverse information is standard for Form 144 filings.

Corporate Governance Expert

TL;DR: Reported transactions appear routine monetization of granted performance shares; disclosure aligns with Rule 144 requirements.

The notice lists the nature of acquisition as performance shares and provides acquisition and prior sale dates, satisfying transparency expectations for executive or insider sales. The use of a registered broker and specific sale dates suggests compliance with trading protocols. No indication is provided of a trading plan adoption date or Rule 10b5-1 instructions in the remarks, so the filing does not document that type of pre-arranged plan. Overall, the disclosure is orderly and procedural rather than signaling governance concerns.

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

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	8750	1075418.75	199618386	09/17/2025	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	05/17/2023	Performance Shares	Issuer			8750	05/17/2023	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
GEORGE KURIAN 3060 Olsen Drive San Jose CA 95128	Common	08/18/2025	8500	925226.53
GEORGE KURIAN 3060 Olsen Drive San Jose CA 95128	Common	07/21/2025	8500	918670.99

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

Who is selling shares according to the NTAP Form 144?

The filing identifies George Kurian (address provided in the form) as the person for whose account the securities are to be sold.

How many NetApp (NTAP) shares are proposed for sale on 09/17/2025?

The notice proposes the sale of 8,750 shares with an aggregate market value of $1,075,418.75.

When and how were the shares being sold acquired?

The 8,750 shares were acquired as performance shares on 05/17/2023 from the issuer.

What recent NTAP share sales by the same person are disclosed?

Two recent sales are disclosed: 8,500 shares on 08/18/2025 for $925,226.53 and 8,500 shares on 07/21/2025 for $918,670.99.

Which broker and exchange are listed for the proposed NTAP sale?

The broker is listed as Morgan Stanley Smith Barney LLC and the sale is listed for the NASDAQ exchange.