[144] NetApp, Inc. SEC Filing

Rhea-AI Filing Summary

NetApp, Inc. (NTAP) Form 144 notice: The filing reports a proposed sale of 779 shares of common stock through Morgan Stanley Smith Barney LLC on 09/25/2025 on NASDAQ with an aggregate market value of $94,936.73. The filing lists total shares outstanding as 199,618,386. The seller reports two recent acquisitions of restricted stock from the issuer: 455 shares acquired 05/15/2025 and 324 shares acquired 08/15/2025, each paid in full on the acquisition date. The form states there were no securities sold in the past three months for the account. Several standard filer and issuer contact fields are blank in the provided content.

Positive

• Clear compliance disclosure of a proposed sale under Rule 144 with broker and exchange specified
• Acquisition details provided showing restricted stock origin and payment dates for the securities being sold
• No other sales in prior three months reported for the account, reducing appearance of ongoing disposal

Negative

• None.

Insights

Securities Analyst

TL;DR: This is a routine insider sale notice for a small block of shares relative to shares outstanding; it is primarily a disclosure compliance filing.

The proposed sale of 779 shares valued at approximately $95k represents a de minimis percentage of the 199.6 million shares outstanding, so the transaction is unlikely to be material to NTAP's market capitalization or share supply. The filing documents that the shares were acquired as restricted stock from the issuer on two recent dates and paid in full, and that no other sales occurred in the prior three months. From a trading-impact perspective, this notice appears procedural and consistent with routine dispositions by insiders or employees.

Corporate Governance Expert

TL;DR: Proper use of Rule 144 disclosure; no indications of unusual timing or large-scale liquidation in this filing.

The form includes the broker, execution venue, acquisition dates, and amounts, which supports transparency and compliance with Rule 144 disclosures. The absence of prior three-month sales and the limited size of the proposed sale reduce governance concerns about concentrated insider exits. Some issuer and filer contact fields are not populated in the provided excerpt, which limits full verification of reporting party identity but does not change the substantive disclosure of the proposed sale.

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	779	94936.73	199618386	09/25/2025	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	08/15/2025	Restricted Stock	ISSUER			324	08/15/2025	Not Applicable
Common	05/15/2025	Restricted Stock	ISSUER			455	05/15/2025	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

Nothing to Report

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's (NTAP) Form 144 report?

The form reports a proposed sale of 779 common shares via Morgan Stanley on 09/25/2025 on NASDAQ with aggregate value $94,936.73.

How many NTAP shares outstanding are shown in the filing?

The filing lists 199,618,386 shares outstanding.

When were the shares being sold originally acquired?

The shares were acquired as restricted stock on 05/15/2025 (455 shares) and 08/15/2025 (324 shares), with payment on those dates.

Are there other recent sales by this person reported in the filing?

The filing states Nothing to Report for securities sold during the past three months for the account.

Which broker and venue will execute the sale?

The broker is listed as Morgan Stanley Smith Barney LLC and the sale is planned on NASDAQ.