NTAP Form 144 shows insider sold 25,500 shares recently; 8,500 proposed

Rhea-AI Filing Summary

NetApp (NTAP) Form 144 discloses a proposed sale of 8,500 common shares (performance shares) by an insider through Morgan Stanley Smith Barney, with an aggregate market value of $925,226.53. The shares were acquired as performance shares on 05/17/2023 and the planned approximate sale date is 08/18/2025.

The filing also lists actual insider sales during the prior three months totaling 25,500 shares across transactions on 05/19/2025, 06/16/2025 and 07/21/2025 with combined gross proceeds shown in the filing. The issuer’s total outstanding shares are reported as 200,366,162, indicating these disclosed sales represent a very small fraction of outstanding stock.

Positive

• Required disclosure provided: The Form 144 documents the proposed sale, acquisition date, nature of award, broker, and aggregate market value, supporting transparency.
• Scale is immaterial: The proposed 8,500-share sale and recent 25,500-share sales are a very small fraction of 200,366,162 outstanding shares.

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider plans to sell 8,500 performance shares worth ~$0.9M; recent sales total 25,500 shares — activity appears routine and not materially dilutive.

The filing shows the insider acquired the shares as performance awards in May 2023 and is executing a sale through a broker with an approximate sale date in August 2025. Recent three-month dispositions total 25,500 shares with reported gross proceeds by transaction. Against 200.37 million shares outstanding, the volumes disclosed are de minimis and unlikely to affect supply-demand or valuation materially. The filing provides required transparency for compliance with Rule 144.

Corporate Governance Expert

TL;DR: Disclosure complies with Rule 144 requirements; the insider attests no undisclosed material adverse information.

The Form 144 documents the nature of acquisition (performance shares), acquisition date, and past sales, and includes the customary representation that the seller is not aware of undisclosed material adverse information. This is a standard governance disclosure supporting market transparency. There is no indication in the filing of unusual trading patterns, structured plans, or issues that would raise immediate 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	8500	925226.53	200366162	08/18/2025	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			8500	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	07/21/2025	5100	551183.01
GEORGE KURIAN 3060 Olsen Drive San Jose CA 95128	Common	07/21/2025	3400	367487.98
GEORGE KURIAN 3060 Olsen Drive San Jose CA 95128	Common	06/16/2025	5100	519030.06
GEORGE KURIAN 3060 Olsen Drive San Jose CA 95128	Common	06/16/2025	3400	346069.34
GEORGE KURIAN 3060 Olsen Drive San Jose CA 95128	Common	05/19/2025	1739	173928.69
GEORGE KURIAN 3060 Olsen Drive San Jose CA 95128	Common	05/19/2025	3361	336155.46
GEORGE KURIAN 3060 Olsen Drive San Jose CA 95128	Common	05/19/2025	3400	340049.98

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 insider sale does the NetApp (NTAP) Form 144 disclose?

The form discloses a proposed sale of 8,500 common shares (performance shares) with an aggregate market value of $925,226.53 through Morgan Stanley Smith Barney.

When were the shares being sold acquired for the NTAP Form 144 notice?

The shares were acquired as performance shares on 05/17/2023 and are listed as the securities to be sold.

How many shares did the insider sell in the past three months according to the filing?

The filing lists prior sales totaling 25,500 shares across transactions on 05/19/2025, 06/16/2025, and 07/21/2025.

What broker is handling the proposed NTAP sale?

The proposed sale is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services.

How material are these insider sales relative to NetApp's outstanding shares?

The issuer reports 200,366,162 shares outstanding; the disclosed sales (8,500 proposed; 25,500 recent) represent a very small percentage of total shares outstanding.