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NetApp (NTAP) CEO vests 7,565 shares, withholds 3,817

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

Rhea-AI Filing Summary

NetApp, Inc. (NTAP) CEO George Kurian reported vesting and settlement of restricted stock units tied to his equity compensation. On August 15, 2026, three RSU grants vested and 7,565 common shares were acquired through exercise/conversion of RSUs that convert one-for-one into common stock.

The vested shares came from prior RSU grants dated July 13, 2023 (2,885 shares), July 1, 2024 (1,999 shares), and July 1, 2025 (2,681 shares), each subject to multi-year quarterly vesting. On the same date, 3,817 shares of common stock were delivered or withheld at $204.99 per share for payment of exercise price or tax liability.

Positive

  • None.

Negative

  • None.
Insider Kurian George
Role CEO
Type Security Shares Price Value
Exercise Restricted Stock Unit F1, F2 2,885 -- --
Exercise Restricted Stock Unit F1, F3 1,999 -- --
Exercise Restricted Stock Unit F1, F4 2,681 -- --
Exercise Common Shares F1 7,565 -- --
Exercise Price or Tax Liability Common Shares 3,817 $204.99 $782K
Holdings After Transaction: Restricted Stock Unit — 52,153 shares (Direct); Common Shares — 358,537 shares (Direct)
Footnotes (4)
  1. F1. Restricted stock units convert into common stock on a one-for-one basis.
  2. F2. On July 13, 2023, the reporting person was granted 46,166 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2024 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
  3. F3. On July 1, 2024, the reporting person was granted 31,988 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2025 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
  4. F4. On July 1, 2025, the reporting person was granted 42,909 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2026 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
RSU shares converted 7,565 shares Restricted stock units converting into common stock on August 15, 2026
Shares withheld for tax/exercise 3,817 shares Common shares delivered or withheld for exercise price or tax liability
Withholding share price $204.99 per share Price used for shares delivered or withheld on August 15, 2026
2023 RSU grant size 46,166 units RSUs granted to the reporting person on July 13, 2023
2024 RSU grant size 31,988 units RSUs granted to the reporting person on July 1, 2024
2025 RSU grant size 42,909 units RSUs granted to the reporting person on July 1, 2025
Initial vesting percentage 25% Portion of each RSU grant vesting on the first May 15 after grant
Ongoing quarterly vesting 6.25% Portion of RSU grants vesting quarterly for the next three years
Restricted stock units financial
"On July 13, 2023, the reporting person was granted 46,166 restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
convert into common stock on a one-for-one basis financial
"Restricted stock units convert into common stock on a one-for-one basis."
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
Payment of exercise price or tax liability by delivering or withholding securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering or withholding"

FAQ

What insider equity activity did NTAP CEO George Kurian report on August 15, 2026?
On August 15, 2026, NTAP CEO George Kurian had 7,565 RSU-based shares of NetApp common stock vest and convert from previously granted restricted stock units, reflecting scheduled equity compensation vesting under his prior RSU awards.

How many NetApp (NTAP) restricted stock units vested for the CEO in this Form 4?
A total of 7,565 restricted stock units vested and converted into NetApp common shares. These came from three separate RSU grants made in 2023, 2024, and 2025, each following a specified multi-year vesting schedule tied to continued service.

Which NetApp (NTAP) RSU grants were involved in the August 15, 2026 vesting event?
The vesting involved RSU grants of 46,166 units (July 13, 2023), 31,988 units (July 1, 2024), and 42,909 units (July 1, 2025). Portions of each grant vested per their schedules, totaling 7,565 shares converted on August 15, 2026.

What are the vesting terms for the NTAP CEO’s restricted stock units mentioned here?
Each RSU grant vests 25% on the first May 15 after grant, then 1/16 (6.25%) quarterly for three years, subject to continued service on each vesting date. The August 15, 2026 transactions reflect portions vesting under these schedules.

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

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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*
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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2026		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
Common Shares08/15/2026M7,565A(1)362,354D
Common Shares08/15/2026F3,817D$204.99358,537D
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)08/15/2026M2,885 (2) (2)Common Shares2,885(1)8,657D
Restricted Stock Unit(1)08/15/2026M1,999 (3) (3)Common Shares1,999(1)13,995D
Restricted Stock Unit(1)08/15/2026M2,681 (4) (4)Common Shares2,681(1)29,501D
Explanation of Responses:
1. Restricted stock units convert into common stock on a one-for-one basis.
2. On July 13, 2023, the reporting person was granted 46,166 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2024 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
3. On July 1, 2024, the reporting person was granted 31,988 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2025 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
4. On July 1, 2025, the reporting person was granted 42,909 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2026 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
/s/ Colin Lloyd,, Attorney-in-Fact for George Kurian08/18/2026
** 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