[144] NetApp, Inc SEC Filing

Rhea-AI Filing Summary

Form 144 discloses that an individual named George Kurian intends to sell 8,500 shares of NetApp (NTAP) common stock through Morgan Stanley Smith Barney on or about 21 July 2025. The shares have an aggregate market value of $918,671, equating to roughly 0.004 % of the 200.37 million shares outstanding. The shares were acquired on 17 May 2023 as performance stock.

The filing also lists prior insider activity during the last three months: Kurian sold 17,000 shares between 19 May 2025 and 16 June 2025 for total gross proceeds of $1.72 million. No material adverse information is acknowledged in the certification section, and no 10b5-1 trading plan date is provided.

While the planned sale is small relative to float, the continued disposition adds to recent insider selling volume that investors may monitor for sentiment cues.

Positive

• Sale represents only 0.004 % of shares outstanding, posing no dilution or ownership-structure concern.

Negative

• Continued insider selling (25,500 shares over three months including proposed sale) can be interpreted as a bearish sentiment signal.

Insights

Insider Transaction Analyst

TL;DR – Small-scale Form 144 continues recent insider selling; likely immaterial to float but can signal sentiment.

The notice covers a proposed sale of 8,500 NTAP shares (~$0.9 m). Combined with 17,000 shares already sold in the past quarter, the individual has monetised about $2.6 m. Given 200 m+ shares outstanding, dilution risk is negligible. However, persistent selling may be perceived negatively if it coincides with upcoming catalysts or quiet periods. Absence of a disclosed 10b5-1 plan suggests discretionary timing. Overall impact is modest and should not alter fundamental valuation, but traders often watch insider patterns for short-term sentiment.

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	918670.99	200366162	07/21/2025	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	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

How many NetApp (NTAP) shares are proposed for sale in this Form 144?

8,500 common shares are scheduled for sale.

What is the estimated dollar value of the planned NTAP insider sale?

The aggregate market value is approximately $918,671.

When is the proposed sale expected to occur?

The filing lists an approximate sale date of 07/21/2025.

How many NTAP shares has the seller disposed of in the past three months?

Prior Form 144 data shows 17,000 shares sold between 19 May 2025 and 16 June 2025.

Does the filing indicate a 10b5-1 trading plan?

No date for plan adoption or instruction is provided, so reliance on Rule 10b5-1 is not disclosed.

What percentage of NetApp’s outstanding shares does the planned sale represent?

Approximately 0.004 % of the 200,366,162 shares outstanding.