NetApp CFO exercises 5,424 RSUs into common stock

NetApp, Inc. executive Wissam G. Jabre, EVP and CFO, exercised 5,424 restricted stock units, which converted into the same number of common shares.

Rhea-AI Filing Summary

NetApp, Inc. executive Wissam G. Jabre, EVP and CFO, exercised 5,424 restricted stock units, which converted into the same number of common shares. On the same date, 2,736 common shares were disposed of in a tax-withholding transaction at $119.93 per share to cover obligations. After these transactions, Jabre directly holds 37,804 common shares. The RSUs come from a 21,696-unit grant awarded on July 1, 2025, scheduled to vest 25% on May 15, 2026 and 6.25% quarterly thereafter, subject to continued service.

Insider Trade Summary

5,424 shares exercised/converted

Exercise 3 txns

Insider JABRE WISSAM G

Role EVP, CFO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	5,424	$0.00	$0.00
Exercise	Common Shares	5,424	$0.00	$0.00
Exercise Price or Tax Liability	Common Shares	2,736	$119.93	$328K

Holdings After Transaction: Restricted Stock Unit — 16,272 contracts (Direct); Common Shares — 37,804 shares (Direct)

Footnotes (2)

1. F1. Restricted stock units convert into common stock on a one-for-one basis.
2. F2. On July 1, 2025, the reporting person was granted 21,696 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.

Key Figures

RSUs Exercised: 5,424 units Tax-Withheld Shares: 2,736 shares Tax-Withholding Price: $119.93 per share +4 more

7 metrics

RSUs Exercised 5,424 units Restricted stock units converted into common shares on May 15, 2026

Tax-Withheld Shares 2,736 shares Common shares disposed of in a tax-withholding transaction at $119.93 per share

Tax-Withholding Price $119.93 per share Price used for the tax-withholding disposition of 2,736 common shares

Post-Transaction Holdings 37,804 shares Direct common shares held by the CFO after the reported transactions

RSU Grant Size 21,696 units Restricted stock units granted on July 1, 2025

Initial Vesting Portion 25% Portion of the 21,696 RSUs scheduled to vest on May 15, 2026

Quarterly Vesting Portion 6.25% Portion of RSUs vesting quarterly over three years after initial vest date

Key Terms

Restricted stock units, Exercise or conversion of derivative security, tax-withholding disposition, vesting

4 terms

Restricted stock units financial

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

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.

Exercise or conversion of derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

tax-withholding disposition financial

"transaction_action: tax-withholding disposition of common shares to cover obligations"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

vesting financial

"Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

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

What did NetApp (NTAP) CFO Wissam G. Jabre report in this Form 4?

NetApp CFO Wissam G. Jabre reported exercising 5,424 restricted stock units, receiving the same number of common shares. He also disposed of 2,736 shares in a tax-withholding transaction at $119.93 per share to satisfy related obligations.

How many restricted stock units did the NetApp (NTAP) CFO exercise?

The CFO exercised 5,424 restricted stock units, converting them one-for-one into 5,424 common shares. These units are part of an earlier grant and represent the portion that vested on the reported date, subject to his continued service.

How many NetApp (NTAP) shares were withheld for taxes and at what price?

A total of 2,736 common shares were disposed of in a tax-withholding transaction at $119.93 per share. This transaction was reported with code F, which indicates shares delivered to cover tax or exercise-related obligations, not an open-market sale.

What is the NetApp (NTAP) CFO’s shareholding after these transactions?

Following the reported transactions, the CFO directly holds 37,804 common shares of NetApp, Inc. This figure reflects his post-transaction balance of common stock as disclosed in the holdings section associated with the Form 4.

What is the vesting schedule of the NetApp (NTAP) CFO’s 21,696 RSU grant?

The CFO received 21,696 restricted stock units on July 1, 2025. 25% of the units vest on May 15, 2026, with an additional 6.25% vesting quarterly over the next three years, conditioned on his continued service.

How do NetApp (NTAP) restricted stock units convert into common stock?

NetApp restricted stock units convert into common stock on a one-for-one basis. When units vest and are exercised, each RSU delivers a single common share, subject to any tax-withholding transactions carried out to satisfy related obligations.

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

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Accepted by SEC EDGAR 05/19/2026 - 04:58 PM EDT Learn about SEC filing dates

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^*

JABRE WISSAM G

(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)
	EVP, CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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	05/15/2026		M		5,424	A	(1)	40,540	D
Common Shares	05/15/2026		F		2,736	D	$119.93	37,804	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
Restricted Stock Unit	(1)	05/15/2026		M			5,424	(2)	(2)	Common Shares	5,424	(1)	16,272	D

Explanation of Responses:

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

2. On July 1, 2025, the reporting person was granted 21,696 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/ Dena Acevedo, Attorney-in-Fact for Wissam Jabre	05/19/2026
	** 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)