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NetApp (NTAP) EVP Elizabeth O’Callahan awarded 11,087 restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

O'Callahan Elizabeth M reported acquisition or exercise transactions in this Form 4 filing.

NetApp, Inc. executive Elizabeth M. O'Callahan, EVP and Chief Administrative Officer, reported receiving a compensation-related equity grant. On July 1, 2026, she was granted 11,087 restricted stock units, each convertible into one share of NetApp common stock.

The award will vest over time, with 12.5% of the units scheduled to vest on October 15, 2026, and 6.25% of the units vesting quarterly thereafter for a total of 45 months, subject to her continued service on each vesting date. Following this grant, she directly holds 11,087 RSUs from this award.

Positive

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Negative

  • None.
Insider O'Callahan Elizabeth M
Role EVP, Chief Admin. Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 11,087 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 11,087 shares (Direct, null)
Footnotes (1)
  1. Restricted stock units convert into common stock on a one-for-one basis. On July 1, 2026, the reporting person was granted 11,087 restricted stock units. Restricted stock unit awards shall vest as to 1/8th (12.5%) of the shares October 15, 2026 and 1/16th (6.25%) of the shares quarterly thereafter for a total of 45 months, subject to continued service on each applicable vesting date.
RSUs granted 11,087 units Restricted stock units granted on July 1, 2026
Initial vesting tranche 12.5% of RSUs Vests on October 15, 2026
Ongoing vesting rate 6.25% quarterly Quarterly vesting after initial date for 45 months
Conversion ratio 1 RSU : 1 share Restricted stock units convert into common stock one-for-one
Price per RSU $0.00 per unit Grant price for the restricted stock units
Shares underlying RSUs 11,087 shares Common shares underlying granted RSUs
Restricted Stock Unit financial
"On July 1, 2026, the reporting person was granted 11,087 restricted stock units."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
vest financial
"Restricted stock unit awards shall vest as to 1/8th (12.5%) of the shares October 15, 2026 and 1/16th (6.25%) of the shares quarterly thereafter"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
one-for-one basis financial
"Restricted stock units convert into common stock on a one-for-one basis."
quarterly financial
"and 1/16th (6.25%) of the shares quarterly thereafter for a total of 45 months"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
O'Callahan Elizabeth M
(Last)(First)(Middle)
3060 OLSEN DRIVE
(Street)
SAN JOSE CALIFORNIA 95128
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
NetApp, Inc. [ NTAP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, Chief Admin. Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)07/01/2026A11,087 (2) (2)Common Shares11,087(1)11,087D
Explanation of Responses:
1. Restricted stock units convert into common stock on a one-for-one basis.
2. On July 1, 2026, the reporting person was granted 11,087 restricted stock units. Restricted stock unit awards shall vest as to 1/8th (12.5%) of the shares October 15, 2026 and 1/16th (6.25%) of the shares quarterly thereafter for a total of 45 months, subject to continued service on each applicable vesting date.
/s/ Colin Lloyd, Attorney-in-Fact for Elizabeth M O'Callahan07/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did NetApp (NTAP) executive Elizabeth O'Callahan report in this Form 4?

Elizabeth O'Callahan reported receiving a grant of 11,087 restricted stock units. These RSUs are part of her equity compensation and convert into NetApp common stock on a one-for-one basis, vesting over several years subject to continued service.

How many NetApp (NTAP) restricted stock units were granted to Elizabeth O'Callahan?

She was granted 11,087 restricted stock units. Each unit represents the right to receive one NetApp common share in the future, assuming the applicable vesting conditions and continued service requirements are satisfied under the award terms.

When do Elizabeth O'Callahan’s NetApp (NTAP) RSUs start vesting?

The RSUs begin vesting on October 15, 2026. On that date, 1/8th, or 12.5%, of the 11,087 units are scheduled to vest, provided she remains in service through that initial vesting date under the award conditions.

What is the ongoing vesting schedule for Elizabeth O'Callahan’s NetApp (NTAP) RSUs?

After the initial October 15, 2026 vesting, 1/16th, or 6.25%, of the RSUs vest quarterly. This quarterly vesting continues for a total of 45 months, as long as she continues serving on each applicable vesting date.

Do Elizabeth O'Callahan’s NetApp (NTAP) RSUs have a purchase price?

The RSUs were granted with a price per unit of $0.00. As a restricted stock unit award, they are not purchased on the market but are granted as part of her compensation, subject to the specified vesting and service conditions.

What does one-for-one RSU conversion mean for NetApp (NTAP) shares?

A one-for-one conversion means each restricted stock unit corresponds to one NetApp common share. When units vest, she becomes entitled to receive the same number of common shares as vested RSUs, following the plan’s settlement provisions.