NetApp director plans sale of 5,940 shares in 2026

NetApp, Inc. (NTAP) director Thomas Michael Nevens, through The Nevens Family 1997 Trust with J.P.

Rhea-AI Filing Summary

NetApp, Inc. (NTAP) director Thomas Michael Nevens, through The Nevens Family 1997 Trust with J.P. Morgan Securities LLC acting as agent, filed a Rule 144 notice to potentially sell 5,940 shares of NetApp common stock on or after September 11, 2026 on NASDAQ.

The shares relate to director board compensation awards of 3,026 shares on September 10, 2025 and 2,914 shares on September 9, 2026 that were transferred to the trust.

Key Figures

Shares to be sold under Rule 144: 5,940 shares Aggregate market value of securities to be sold: $1,106,919 Shares outstanding: 194,419,005 shares +3 more

6 metrics

Shares to be sold under Rule 144 5,940 shares NetApp common stock listed for potential sale with J.P. Morgan Securities LLC as broker

Aggregate market value of securities to be sold $1,106,919 Value associated with the 5,940 NetApp common shares covered by the notice

Shares outstanding 194,419,005 shares NetApp common shares referenced as outstanding in the Rule 144 section

Board compensation transfer 1 3,026 shares NetApp common shares dated September 10, 2025, labeled Board Compensation and transferred

Board compensation transfer 2 2,914 shares NetApp common shares dated September 9, 2026, labeled Board Compensation and transferred

Date of notice September 11, 2026 Date the Rule 144 notice for NetApp common stock was signed and filed

Key Terms

Rule 144, Form 144, Board Compensation, attorney-in-fact

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Form 144 regulatory

"144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Board Compensation financial

"09/10/2025 | Board Compensation"

attorney-in-fact regulatory

"as agent and attorney-in-fact for Thomas Michael Nevens"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filed for NTAP disclose?

It discloses that Thomas Michael Nevens, a director of NetApp, Inc., via The Nevens Family 1997 Trust, has filed a Rule 144 notice to potentially sell 5,940 shares of NetApp common stock through J.P. Morgan Securities LLC on NASDAQ.

How many NetApp (NTAP) shares are covered by this Form 144?

The notice covers a potential sale of 5,940 shares of NetApp common stock. The filing also lists an aggregate market value of $1,106,919 for these securities at the time of the notice.

Who is selling NetApp (NTAP) shares under this Form 144?

The shares are to be sold for the account of Thomas Michael Nevens, a NetApp director. The filing states that the shares "will be sold by The Nevens Family 1997 Trust, Thomas Michael Nevens as Trustee," with J.P. Morgan Securities LLC acting as agent and attorney-in-fact.

When were the NetApp (NTAP) shares in this Form 144 acquired?

The filing shows the 5,940 shares came from board compensation, including 3,026 shares dated September 10, 2025 and 2,914 shares dated September 9, 2026, each labeled as Board Compensation and transferred to the selling account.

What NetApp (NTAP) share count is referenced as outstanding in the Form 144?

The Form 144 references 194,419,005 shares of NetApp common stock as outstanding in connection with the Rule 144 sale information. This figure provides context for the relative size of the 5,940-share sale notice.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/11/2026 - 04:02 PM Accepted by SEC EDGAR 09/11/2026 - 04:02 PM Learn about SEC filing dates

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	0001251445
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	NetApp, Inc.
SEC File Number	000-27130
Address of Issuer	3060 Olsen Drive San Jose CALIFORNIA 95128
Phone	4088226000
Name of Person for Whose Account the Securities are To Be Sold	Thomas Michael Nevens
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	Director

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	J.P. Morgan Securities LLC 270 Park Avenue 10th Floor New York NY 10017	5940	1106919	194419005	09/11/2026	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	09/10/2025	Transfer	Mike Nevens			3026	09/10/2025	Board Compensation
Common	09/09/2026	Transfer	Mike Nevens			2914	09/09/2026	Board Compensation

* 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	The shares filed today will be sold by the The Nevens Family 1997 Trust , Thomas Michael Nevens as Trustee
Date of Notice	09/11/2026
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	/s/ J.P. Morgan Securities LLC as agent and attorney-in-fact for Thomas Michael Nevens
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)