NTAP insider files Form 144 to sell 1,000 shares on NASDAQ

Rhea-AI Filing Summary

NetApp, Inc. (NTAP) Form 144 reports a proposed sale of 1,000 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $119000.00, planned for 10/10/2025 on NASDAQ. The shares were acquired as restricted stock from the issuer on 05/15/2024. The filer previously sold three separate blocks of 1,000 shares each on 07/10/2025, 08/11/2025, and 09/10/2025, generating gross proceeds of $106840.00, $105900.00, and $123670.00 respectively. The filer certifies no undisclosed material adverse information and acknowledges the federal criminal penalty for intentional misstatements.

Positive

• Transaction size is small relative to 199,618,386 shares outstanding, limiting market impact
• Sale documented via broker (Morgan Stanley Smith Barney LLC), indicating an orderly market channel
• Filer disclosed acquisition details (restricted stock on 05/15/2024), supporting transparency

Negative

• Repeated insider sales — three prior sales of 1,000 shares each in 07/10/2025, 08/11/2025, and 09/10/2025
• No Rule 10b5-1 plan date provided, so trading-plan reliance is not documented in the filing

Insights

Equity Capital Markets Analyst

Insider is liquidating small, serial holdings through a brokered sale.

The notice shows a proposed single-block sale of 1,000 shares valued at $119000.00, executed via Morgan Stanley Smith Barney LLC on 10/10/2025.

This follows three recent sales of 1,000-share blocks in 07/10/2025, 08/11/2025, and 09/10/2025, indicating a pattern of staged disposals rather than a one-time large liquidation; market impact is likely limited given the share counts relative to total outstanding (199,618,386 shares).

Securities Compliance Counsel

Filing follows Rule 144 mechanics and includes a seller representation.

The securities were acquired as restricted stock on 05/15/2024, and the notice includes the required seller representation that no material nonpublic information is known.

Investors should note the explicit certification and criminal-warning language; any trading plan or Rule 10b5-1 reliance would need a stated adoption date, which is not provided in this notice.

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	119000.00	199618386	10/10/2025	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	05/15/2024	Restricted Stock	ISSUER			1000	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	09/10/2025	1000	123670.00
ELIZABETH O'CALLAHAN 3060 Olsen Drive San Jose CA 95128	Common	08/11/2025	1000	105900.00
ELIZABETH O'CALLAHAN 3060 Olsen Drive San Jose CA 95128	Common	07/10/2025	1000	106840.00

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 about the proposed sale?

It discloses a proposed sale of 1,000 common shares valued at $119000.00, to be executed on 10/10/2025 via Morgan Stanley Smith Barney LLC on NASDAQ.

When and how were the shares being sold originally acquired?

The 1,000 shares were acquired as restricted stock from the issuer on 05/15/2024 with payment noted on the same date.

Has the filer sold shares recently?

Yes. Three prior sales of 1,000 common shares each occurred on 07/10/2025, 08/11/2025, and 09/10/2025 with gross proceeds of $106840.00, $105900.00, and $123670.00 respectively.

Does the filing state any trading-plan adoption date under Rule 10b5-1?

No adoption date for a Rule 10b5-1 trading plan is provided in this notice.

How material is the sale relative to NetApp's outstanding shares?

The 1,000-share block is immaterial versus the reported 199,618,386 shares outstanding, suggesting limited direct market impact.