[Form 4] NetApp, Inc Insider Trading Activity

Rhea-AI Filing Summary

NetApp director Francis J. Pelzer reported changes in his beneficial ownership. Pelzer received 1,456 common shares on 09/09/2025 when previously granted restricted stock units (RSUs) vested on that date; those RSUs were originally granted on 03/25/2025 and convert one-for-one into common stock. On 09/10/2025 Pelzer was granted 2,307 new RSUs that vest on the day immediately preceding the next annual meeting of stockholders, subject to his continuous board service through that vesting date. The Form 4 was signed by an attorney-in-fact on 09/11/2025.

Positive

• Vested RSUs converted to common shares (1,456 shares vested on 09/09/2025)
• New RSU grant for continued service (2,307 RSUs granted 09/10/2025, vesting next annual meeting, aligning incentives)

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation actions: prior RSUs vested into shares and a new RSU grant conditions future service.

The filing documents standard equity compensation for a board member rather than a change in control or extraordinary transaction. The vesting of 1,456 RSUs into common shares reflects fulfillment of a prior award granted 03/25/2025. The subsequent grant of 2,307 RSUs on 09/10/2025 is conditional on continued board service through the next annual meeting, aligning director incentives with future participation. There is no indication of sales, other dispositions, or unusual acceleration events in this report.

Compensation Analyst

TL;DR: Compensation activity is routine: vested award converted to shares and a new time-vesting RSU grant was issued.

The reported transactions indicate standard timing for director equity: a prior grant vested (1,456 RSUs converting one-for-one into common shares) and a fresh grant (2,307 RSUs) was awarded the next day with multi-period vesting tied to the next annual meeting. This pattern supports retention and alignment with shareholder timelines. No cash awards or option exercises are reported.

SEC Form 4

FORM 4

UNITED 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^*

Pelzer Francis J.

(Last) (First) (Middle)

3060 OLSEN DRIVE

(Street)

SAN JOSE CA 95128

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NetApp, Inc. [ NTAP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/09/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	09/09/2025		M		1,456	A	(1)	1,456	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	09/09/2025		M			1,456	(2)	(2)	Common Shares	1,456	(1)	0	D
Restricted Stock Unit	(1)	09/10/2025		A		2,307		(3)	(3)	Common Shares	2,307	(1)	2,307	D

Explanation of Responses:

1. Restricted stock units convert into common stock on a one-for-one basis.

2. On March 25, 2025, the reporting person was granted 1,456 restricted stock units, which vested on September 9, 2025, the day immediately preceding the date of the 2025 Annual Meeting of Stockholders.

3. On September 10, 2025, the reporting person was granted 2,307 restricted stock units which vest on the day immediately preceding the date of the next Annual Meeting of Stockholders of the Company following the grant date, subject to the reporting person's continuous service on the Board through such date.

	/s/ Bryan Tham, Attorney-in-Fact for Francis J Pelzer	09/11/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did Francis J. Pelzer report on Form 4 for NTAP?

The filing reports the vesting of 1,456 RSUs into common shares on 09/09/2025 and a grant of 2,307 RSUs on 09/10/2025.

When did the 1,456 RSUs vest and when were they originally granted?

The 1,456 RSUs vested on 09/09/2025 and were originally granted on 03/25/2025.

What are the vesting conditions for the 2,307 RSUs granted on 09/10/2025?

The 2,307 RSUs vest on the day immediately preceding the next annual meeting of stockholders following the grant date, subject to the reporting person's continuous board service through that date.

Did the Form 4 report any dispositions or sales of shares by Pelzer?

No dispositions or sales are reported; the filing records a vesting event and a subsequent grant.

Who signed the Form 4 and when was it filed?

The Form 4 was signed by Bryan Tham, Attorney-in-Fact for Francis J. Pelzer on 09/11/2025.