Did the NetApp (NTAP) Form 4 mention any recent share purchases by Cesar Cernuda?

Yes. A footnote notes that 253 shares were purchased at $83.9545 per share under the NetApp Employee Stock Purchase Plan on May 29, 2026. This ESPP acquisition is separate from the June 23, 2026 open-market sale transactions described in the main Form 4 table.

NetApp (NTAP) president Cesar Cernuda sells 49,464 shares under 10b5-1 plan

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

NetApp, Inc. President Cesar Cernuda reported selling a total of 49,464 common shares on June 23, 2026 in four open-market transactions. Reported sale prices ranged from $152.52 to $156.49, with each line item shown as a weighted average price.

The filing states these transactions were effected under a pre-arranged Rule 10b5-1 trading plan adopted on March 24, 2026, meaning the sales were scheduled in advance rather than timed discretionarily.

Insider Trade Summary 10b5-1

Net Seller: 49,464 shares ($7,657,881)

Net Sell 4 txns

Insider CERNUDA CESAR

Role President

Sold 49,464 shs ($7.66M)

Type	Security	Shares	Price	Value
Sale	Common Shares	5,630	$153.00	$861K
Sale	Common Shares	14,947	$154.01	$2.30M
Sale	Common Shares	15,593	$155.29	$2.42M
Sale	Common Shares	13,294	$155.94	$2.07M

Holdings After Transaction: Common Shares — 90,640 shares (Direct, null)

Footnotes (1)

The Transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 24, 2026. 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 $152.52 to $153.47. 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. Reflects 253 shares purchased at $83.9545 per share under the NetApp Employee Stock Purchase Plan on May 29, 2026. 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 $153.55 to $154.40. 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. 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 $154.63 to $155.54. 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. 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 $155.72 to $156.49. 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

Shares sold: 49,464 shares First sale block: 13,294 shares at $155.94 Second sale block: 15,593 shares at $155.29 +5 more

8 metrics

Shares sold 49,464 shares Total common shares sold on June 23, 2026

First sale block 13,294 shares at $155.94 Open-market sale of common shares

Second sale block 15,593 shares at $155.29 Open-market sale of common shares

Third sale block 14,947 shares at $154.01 Open-market sale of common shares

Fourth sale block 5,630 shares at $153.00 Open-market sale of common shares

Price range (low) $152.52 per share Lowest actual sale price disclosed in footnotes

Price range (high) $156.49 per share Highest actual sale price disclosed in footnotes

ESPP purchase 253 shares at $83.9545 NetApp Employee Stock Purchase Plan on May 29, 2026

Key Terms

Rule 10b5-1 trading plan, weighted average price, NetApp Employee Stock Purchase Plan, open-market sale, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The Transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"

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 by the reporting person on the transaction date within a one dollar range"

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.

NetApp Employee Stock Purchase Plan financial

"Reflects 253 shares purchased at $83.9545 per share under the NetApp Employee Stock Purchase Plan on May 29, 2026"

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

non-derivative financial

"transaction_type": "non-derivative""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/25/2026 - 04:30 PM Accepted by SEC EDGAR 06/25/2026 - 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^*

CERNUDA CESAR

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2026

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)
Common Shares	06/23/2026		S⁽¹⁾		5,630	D	$153⁽²⁾	90,640⁽³⁾	D
Common Shares	06/23/2026		S⁽¹⁾		14,947	D	$154.01⁽⁴⁾	75,693	D
Common Shares	06/23/2026		S⁽¹⁾		15,593	D	$155.29⁽⁵⁾	60,100	D
Common Shares	06/23/2026		S⁽¹⁾		13,294	D	$155.94⁽⁶⁾	46,806	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)
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)

Explanation of Responses:

1. The Transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 24, 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 $152.52 to $153.47. 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. Reflects 253 shares purchased at $83.9545 per share under the NetApp Employee Stock Purchase Plan on May 29, 2026.

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 $153.55 to $154.40. 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 $154.63 to $155.54. 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.

6. 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 $155.72 to $156.49. 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 Cesar Cernuda	06/25/2026
	** 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 insider transaction did NetApp (NTAP) disclose in this Form 4?

NetApp reported that President Cesar Cernuda sold 49,464 common shares in four open-market transactions on June 23, 2026. The trades were executed at weighted average prices between about $152.52 and $156.49, according to the Form 4 disclosure and accompanying footnotes.

At what prices did Cesar Cernuda sell NetApp (NTAP) shares?

Cesar Cernuda’s reported NetApp share sales used weighted average prices around $153–$156 per share. Footnotes state actual prices received ranged from $152.52 to $156.49, with additional detail on the exact number of shares sold at each price available upon request.

How many NetApp (NTAP) shares did Cesar Cernuda sell on June 23, 2026?

On June 23, 2026, Cesar Cernuda reported selling 49,464 NetApp common shares in total. The transactions were split into four open-market sale entries, each with its own reported weighted average sale price within a one-dollar range on that trading day.

Was the NetApp (NTAP) insider sale by Cesar Cernuda under a Rule 10b5-1 plan?

Yes. A footnote explains that the reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by Cesar Cernuda on March 24, 2026. Such plans pre-schedule trades, so the timing is determined in advance rather than chosen on the trade date.

What type of transactions did NetApp (NTAP) report for Cesar Cernuda in this filing?

The filing reports four non-derivative open-market sale transactions in NetApp common shares by Cesar Cernuda. Each is coded “S” for sale, classified as an open-market or private transaction, and contributes to a net-sell total of 49,464 shares based on the transaction summary.