[Form 4] NetApp, Inc Insider Trading Activity

Rhea-AI Filing Summary

NetApp director Deepak Ahuja received a grant of 2,307 restricted stock units (RSUs) on 09/10/2025. Each RSU converts one-for-one into NetApp common shares. The RSUs vest only if Mr. Ahuja continues board service through the day before the next Annual Meeting following the grant and will be delivered on the earlier of January 1, 2028, termination of board service, or a change of control. After the grant, the filing reports beneficial ownership of 2,307 common shares attributable to these RSUs. The filing was signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Standard governance practice: RSU grant aligns director compensation with shareholder interests through equity-based compensation.
• Clear vesting conditions: Vesting tied to board service, a fixed delivery date, or change of control provides transparent delivery triggers.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director equity grant with time- and event-based vesting tied to continued board service and change-of-control protections.

The 2,307 RSU award aligns with common governance practices to compensate directors for continued service while linking delivery to tenure, a fixed calendar date, or a change-of-control event. Vesting tied to the day before the next annual meeting creates a service-based retention incentive through the upcoming meeting cycle. The award size appears modest relative to typical director grants and does not by itself indicate a change in board alignment or control.

Securities Analyst

TL;DR: Small, routine equity grant; immaterial to company capitalization or near-term share supply.

From a market and disclosure standpoint, the grant of 2,307 RSUs is a standard Form 4 disclosure. The RSUs convert one-for-one to common shares and are reported as 2,307 beneficially owned following the grant. There is no exercise price, cash transaction, or sale reported, and no immediate impact on outstanding shares until RSUs vest and are delivered under the specified milestones.

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
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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^*

Ahuja Deepak

(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)
09/10/2025

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

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)	09/10/2025		A		2,307		(2)	(2)	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 September 10, 2025, the reporting person was granted 2,307 restricted stock units. The shares will vest upon the reporting person's continuation in Board service through the day immediately preceding the date of the next Annual Meeting of Stockholders of the Company following the grant date. Vested shares will be delivered to the reporting person on the earlier of: (i) January 1, 2028, (ii) the date reporting person ceases service as a Board Member, or (iii) the date on which a change of control occurs.

	/s/ Bryan Tham, Attorney-in-Fact for Deepak Ahuja	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 Deepak Ahuja receive according to the Form 4 for NTAP?

The Form 4 reports a grant of 2,307 restricted stock units (RSUs) to Deepak Ahuja on 09/10/2025.

When will the RSUs vest and be delivered?

The RSUs vest if the reporting person remains a director through the day before the next Annual Meeting and will be delivered on the earlier of January 1, 2028, cessation of board service, or a change of control.

How many common shares are recorded as beneficially owned after the transaction?

The filing reports 2,307 common shares as the amount beneficially owned following the reported grant.

Does the Form 4 show a sale or cash transaction for these securities?

No. The Form 4 shows an acquisition (A) of RSUs with no cash sale or disposition reported.

Who signed the Form 4 filing?

The filing was signed on behalf of Deepak Ahuja by Bryan Tham, Attorney-in-Fact on 09/11/2025.