NetApp CEO Kurian sells 40,000 shares in plan trade

NetApp, Inc. (NTAP) reported that CEO and director George Kurian sold a total of 40,000 Common Shares on September 14, 2026 in multiple open‑market transactions under a Rule 10b5-1 trading plan adopted on June 15, 2026.

Available on EDGAR 09/16/2026 - 05:08 PM EDT Accepted by SEC EDGAR 09/16/2026 - 05:07 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

NetApp, Inc. (NTAP) reported that CEO and director George Kurian sold a total of 40,000 Common Shares on September 14, 2026 in multiple open‑market transactions under a Rule 10b5-1 trading plan adopted on June 15, 2026. The reported weighted average sale prices ranged from about $189.70 to $194.04 per share.

Insider Trade Summary 10b5-1

Net Seller: 40,000 shares

Net Sell 5 txns

Insider Kurian George

Role CEO

Sold 40,000 shs ($7.66M)

Share of Position Sold 11.2%

Type	Security	Shares	Price	Value
Sale	Common Shares F1, F2	11,616	$190.28	$2.21M
Sale	Common Shares F1, F3	12,681	$191.25	$2.43M
Sale	Common Shares F1, F4	12,845	$192.11	$2.47M
Sale	Common Shares F1, F5	1,370	$193.34	$265K
Sale	Common Shares F1	1,488	$194.04	$289K

Holdings After Transaction: Common Shares — 318,537 shares (Direct)

Holdings Before and After: Common Shares, 358,537 to 318,537 shares (Direct)

Other Insiders: 4 other insiders reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (5)

1. F1. The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 15, 2026.
2. F2. The price in Column 4 is a weighted average price of all sales by the reporting person on the transaction date within a one dollar range. The prices actually received ranged from $189.70 to $190.65. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
3. F3. The price in Column 4 is a weighted average price of all sales by the reporting person on the transaction date within a one dollar range. The prices actually received ranged from $190.71 to $191.69. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
4. F4. The price in Column 4 is a weighted average price of all sales by the reporting person on the transaction date within a one dollar range. The prices actually received ranged from $191.71 to $192.69. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
5. F5. The price in Column 4 is a weighted average price of all sales by the reporting person on the transaction date within a one dollar range. The prices actually received ranged from $192.98 to $193.97. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

Key Figures

Total shares sold: 40,000 shares Shares sold (lot 1): 11,616 shares at $190.28 per share Shares sold (lot 2): 12,681 shares at $191.25 per share +5 more

8 metrics

Total shares sold 40,000 shares Aggregate Common Shares sold by CEO George Kurian on September 14, 2026

Shares sold (lot 1) 11,616 shares at $190.28 per share Weighted average price; actual prices from $189.70 to $190.65

Shares sold (lot 2) 12,681 shares at $191.25 per share Weighted average price; actual prices from $190.71 to $191.69

Shares sold (lot 3) 12,845 shares at $192.11 per share Weighted average price; actual prices from $191.71 to $192.69

Shares sold (lot 4) 1,370 shares at $193.34 per share Weighted average price; actual prices from $192.98 to $193.97

Shares sold (lot 5) 1,488 shares at $194.04 per share Reported as a separate open‑market or private sale

Rule 10b5-1 plan adoption date June 15, 2026 Date George Kurian adopted the trading plan governing these sales

Number of sale transactions 5 transactions Non‑derivative sale entries reported for September 14, 2026

Key Terms

Rule 10b5-1 trading plan, weighted average price, open market or private transaction

3 terms

Rule 10b5-1 trading plan regulatory

"The transaction ... was effected pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The price in Column 4 is a weighted average price of all sales"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open market or private transaction financial

"Sale in open market or private transaction"

FAQ

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

What insider transaction did NTAP report for CEO George Kurian?

NetApp reported that CEO George Kurian sold 40,000 Common Shares of NTAP on September 14, 2026 in multiple open‑market transactions, as disclosed in a Form 4 filing.

At what prices did the NTAP CEO sell shares on September 14, 2026?

The filing shows weighted average sale prices per share of $190.28, $191.25, $192.11, $193.34, and $194.04, with actual prices within one‑dollar ranges from $189.70 up to $193.97.

Was the NTAP CEO’s 40,000‑share sale made under a Rule 10b5‑1 plan?

Yes. A footnote states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by George Kurian on June 15, 2026.

How many separate sale transactions did the NTAP Form 4 report?

The Form 4 reports five separate non‑derivative sale transactions in NetApp Common Shares by George Kurian, all dated September 14, 2026.

What share amounts were sold in each NTAP transaction by the CEO?

The reported sales were of 11,616, 12,681, 12,845, 1,370, and 1,488 Common Shares, respectively, all classified as open‑market or private sale transactions.

Does the NTAP filing disclose how many shares the CEO holds after these sales?

No. For these transactions, the field for shares owned following the transactions is not populated, so the filing does not state George Kurian’s post‑transaction holdings.

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

Form 4 Insider Transactions: What Each Field Means →

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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).

X

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)
09/14/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	09/14/2026		S(1)		11,616	D	$190.28(2)	346,921	D
Common Shares	09/14/2026		S(1)		12,681	D	$191.25(3)	334,240	D
Common Shares	09/14/2026		S(1)		12,845	D	$192.11(4)	321,395	D
Common Shares	09/14/2026		S(1)		1,370	D	$193.34(5)	320,025	D
Common Shares	09/14/2026		S(1)		1,488	D	$194.04	318,537	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

Explanation of Responses:

1. The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 15, 2026.

2. The price in Column 4 is a weighted average price of all sales by the reporting person on the transaction date within a one dollar range. The prices actually received ranged from $189.70 to $190.65. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

3. The price in Column 4 is a weighted average price of all sales by the reporting person on the transaction date within a one dollar range. The prices actually received ranged from $190.71 to $191.69. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

4. The price in Column 4 is a weighted average price of all sales by the reporting person on the transaction date within a one dollar range. The prices actually received ranged from $191.71 to $192.69. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

5. The price in Column 4 is a weighted average price of all sales by the reporting person on the transaction date within a one dollar range. The prices actually received ranged from $192.98 to $193.97. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

	/s/ Colin Lloyd,, Attorney-in-Fact for George Kurian	09/16/2026
	** 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)