NetApp (NTAP) CEO George Kurian receives 29,259 restricted stock units grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

NetApp, Inc. reported that CEO George Kurian received an equity compensation grant of 29,259 restricted stock units. These units convert into common stock on a one-for-one basis and were awarded at no cash exercise price.

The grant is scheduled to vest over time: 12.5% of the shares on October 15, 2026, then 6.25% of the shares vesting quarterly for a total of 45 months, subject to his continued service. This is a compensation-related award rather than an open-market share purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kurian George

Role CEO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	29,259	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 29,259 shares (Direct, null)

Footnotes (1)

Restricted stock units convert into common stock on a one-for-one basis. On July 1, 2026, the reporting person was granted 29,259 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.

Key Figures

RSUs granted: 29,259 units Initial vesting tranche: 12.5% of shares Ongoing vesting rate: 6.25% quarterly +2 more

5 metrics

RSUs granted 29,259 units Restricted stock units granted to CEO George Kurian

Initial vesting tranche 12.5% of shares Vests on October 15, 2026, subject to continued service

Ongoing vesting rate 6.25% quarterly Quarterly vesting for a total of 45 months after initial vest

Conversion ratio 1:1 RSU to common share Restricted stock units convert into NetApp common stock

Exercise price $0.00 per unit Grant awarded with no cash exercise price

Key Terms

Restricted Stock Unit, vest, equity compensation grant

3 terms

Restricted Stock Unit financial

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

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.

equity compensation grant financial

"the reporting person was granted 29,259 restricted stock units"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:32 PM Accepted by SEC EDGAR 07/02/2026 - 04:30 PM

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^*

Kurian George

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	07/01/2026		A		29,259		⁽²⁾	⁽²⁾	Common Shares	29,259	⁽¹⁾	29,259	D

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 29,259 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 George Kurian	07/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did NetApp (NTAP) CEO George Kurian report in this Form 4?

George Kurian reported receiving a grant of 29,259 restricted stock units as equity compensation. These units convert into NetApp common stock on a one-for-one basis and vest over a multi-year schedule tied to continued service.

How many NetApp (NTAP) restricted stock units were granted to the CEO?

The CEO was granted 29,259 restricted stock units. Each unit represents the right to receive one share of NetApp common stock, subject to the vesting conditions and continued service requirements described in the grant terms.

What is the vesting schedule for George Kurian’s NetApp (NTAP) RSU grant?

The RSU award vests 12.5% on October 15, 2026, then 6.25% quarterly for 45 months. Vesting occurs only if George Kurian continues to provide service on each applicable vesting date as specified in the grant terms.

Do George Kurian’s NetApp (NTAP) RSUs require a purchase price to exercise?

The RSUs were granted with a stated price of $0.00 per unit. They convert into NetApp common stock on a one-for-one basis upon vesting, so no additional cash payment is required from the CEO at conversion.

Is this NetApp (NTAP) Form 4 a stock purchase or sale by the CEO?

This Form 4 reflects an equity compensation grant, not an open-market trade. George Kurian acquired 29,259 restricted stock units as a grant or award, with no shares bought or sold in the market in this reported transaction.

What conditions affect vesting of NetApp (NTAP) CEO George Kurian’s RSUs?

Vesting of the RSUs is conditioned on continued service. Portions of the 29,259 restricted stock units vest on October 15, 2026 and quarterly thereafter, and each vesting event requires George Kurian to remain in service on that date.