NetApp's Daniel De Lorenzo acquires 808 shares

The restricted stock unit awards vest in installments over 45 months, subject to continued service on each applicable vesting date.

Rhea-AI Filing Summary

Daniel De Lorenzo, NetApp, Inc.’s SVP, Chief Accounting Officer, exercised 808 restricted stock units on October 15, 2026, converting them one-for-one into 808 common shares. On the same date, 287 common shares were delivered or withheld for payment of exercise price or tax liability at $222.20 per share. The derivative position was 5,659 restricted stock units following the transaction.

The units were part of 6,467 restricted stock units granted July 1, 2026. The awards vest over 45 months, subject to continued service on each applicable vesting date.

Insider Trade Summary

808 shares exercised/converted

Exercise 3 txns

Insider De Lorenzo Daniel

Role SVP, Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit F1, F2	808	--	--
Exercise	Common Shares F1	808	--	--
Exercise Price or Tax Liability	Common Shares	287	$222.20	$64K

Holdings After Transaction: Restricted Stock Unit — 5,659 contracts (Direct); Common Shares — 2,088 shares (Direct)

Footnotes (2)

1. F1. Restricted stock units convert into common stock on a one-for-one basis.
2. F2. On July 1, 2026, the reporting person was granted 6,467 restricted stock units. Restricted stock unit awards shall vest as to 1/8th (12.5%) of the shares October 15, 2026 and 1/16th (6.25%) of the shares quarterly thereafter for a total of 45 months, subject to continued service on each applicable vesting date.

Key Figures

Restricted stock units exercised: 808 units Common shares acquired on conversion: 808 shares Shares delivered or withheld: 287 shares +5 more

8 metrics

Restricted stock units exercised 808 units October 15, 2026

Common shares acquired on conversion 808 shares October 15, 2026

Shares delivered or withheld 287 shares For payment of exercise price or tax liability on October 15, 2026

Price per share $222.20 per share Shares delivered or withheld on October 15, 2026

Restricted stock units following transaction 5,659 units Following the October 15, 2026 transaction

Restricted stock units granted 6,467 units Granted July 1, 2026

Initial vesting installment 1/8th (12.5%) Scheduled for October 15, 2026

Vesting period 45 months Awards vest in installments, subject to continued service

Key Terms

Restricted stock units, one-for-one basis, vest

3 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.

one-for-one basis financial

"convert into common stock on a one-for-one basis"

vest financial

"shall vest as to 1/8th (12.5%)"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

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

How many NTAP shares did Daniel De Lorenzo acquire from restricted stock units?

On October 15, 2026, Daniel De Lorenzo exercised 808 restricted stock units, which converted one-for-one into 808 common shares.

How many NTAP shares were delivered or withheld, and at what price?

On October 15, 2026, 287 common shares were delivered or withheld for payment of exercise price or tax liability at $222.20 per share.

What was the vesting schedule for Daniel De Lorenzo’s NTAP restricted stock units?

Daniel De Lorenzo was granted 6,467 restricted stock units on July 1, 2026. The awards vest as to 1/8th (12.5%) on October 15, 2026, and 1/16th (6.25%) quarterly thereafter for a total of 45 months, subject to continued service on each applicable vesting date.

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

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Available on EDGAR 10/19/2026 - 04:30 PM EDT Accepted by SEC EDGAR 10/19/2026 - 04:30 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^*

De Lorenzo Daniel

(Last) (First) (Middle)

3060 OLSEN DR

(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)
	SVP, Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2026

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	10/15/2026		M		808	A	(1)	2,375	D
Common Shares	10/15/2026		F		287	D	$222.2	2,088	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)	10/15/2026		M			808	(2)	(2)	Common Shares	808	(1)	5,659	D

Explanation of Responses:

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

2. On July 1, 2026, the reporting person was granted 6,467 restricted stock units. Restricted stock unit awards shall vest as to 1/8th (12.5%) of the shares October 15, 2026 and 1/16th (6.25%) of the shares quarterly thereafter for a total of 45 months, subject to continued service on each applicable vesting date.

	/s/ Peter Mandel, Attorney-in-Fact for Daniel De Lorenzo	10/19/2026
	** 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)