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NTAP Form 4: Director Scott Schenkel Receives 2,377 Shares from RSU Vesting

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

Rhea-AI Filing Summary

Scott F. Schenkel, a director of NetApp, Inc. (NTAP), received 2,377 shares from vested restricted stock units on 09/09/2025. The RSUs were originally granted on 09/11/2024 and converted one-for-one into common shares when they vested immediately before the 2025 Annual Meeting. After the reported transaction, the reporting person beneficially owned 30,509 common shares. The Form 4 was signed by an attorney-in-fact, Bryan Tham, on 09/11/2025. The filing indicates this was a routine vesting event for an insider who is a director.

Positive

  • 2,377 restricted stock units vested and converted one-for-one into common shares on 09/09/2025
  • Beneficial ownership increased to 30,509 common shares, providing clear post-transaction holdings disclosure

Negative

  • None.

Insights

TL;DR: Insider received 2,377 shares from vested RSUs, modestly increasing holdings to 30,509 shares; transaction appears routine.

This Form 4 reports a non-derivative acquisition of 2,377 shares through the vesting of restricted stock units granted on 09/11/2024 and vested on 09/09/2025. The filing shows direct ownership of the resulting shares and reports total beneficial ownership of 30,509 shares following vesting. There is no indication of open-market purchases or sales, and no exercise of options. For investors, this represents routine compensation-related equity issuance to an insider rather than a market-directed trading signal.

TL;DR: Vesting of RSUs to a director is standard governance compensation; disclosure is complete and timely.

The Form 4 discloses an issuer-granted equity award converting to common shares on a one-for-one basis. Grant and vesting dates are provided, and the filing includes the reporting persons relationship to the issuer (Director) and beneficial ownership after the transaction. Signature via attorney-in-fact is included with date. This filing fulfills Section 16 reporting obligations for an equity compensation vesting event and contains no disclosures of unusual or material insider trading activity.

Insider Schenkel Scott F.
Role Director
Type Security Shares Price Value
Exercise Restricted Stock Unit 2,377 $0.00 --
Exercise Common Shares 2,377 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct); Common Shares — 30,509 shares (Direct)
Footnotes (1)
  1. Restricted stock units convert into common stock on a one-for-one basis. On September 11, 2024, the reporting person was granted 2,377 restricted stock units, which vested on September 9, 2025, the day immediately preceding the date of the 2025 Annual Meeting of Stockholders.
Form 4 Insider Transactions: What Each Field Means →
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
X
 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*
Schenkel Scott F.
(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)
09/09/2025
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
Common Shares 09/09/2025 M 2,377 A (1) 30,509 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) 09/09/2025 M 2,377 (2) (2) Common Shares 2,377 (1) 0 D
Explanation of Responses:
1. Restricted stock units convert into common stock on a one-for-one basis.
2. On September 11, 2024, the reporting person was granted 2,377 restricted stock units, which vested on September 9, 2025, the day immediately preceding the date of the 2025 Annual Meeting of Stockholders.
/s/ Bryan Tham, Attorney-in-Fact for Scott F Schenkel 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Scott F. Schenkel report on Form 4 for NTAP?

He reported acquisition of 2,377 common shares from vested restricted stock units on 09/09/2025, increasing beneficial ownership to 30,509 shares.

When were the restricted stock units granted and when did they vest?

The RSUs were granted on 09/11/2024 and vested on 09/09/2025, the day before the 2025 Annual Meeting.

What is the relationship of the reporting person to NetApp (NTAP)?

Scott F. Schenkel is a director of NetApp as indicated on the Form 4.

How many shares did the reporting person own after the transaction?

30,509 common shares beneficially owned following the reported transaction.

Who signed the Form 4 and when was it signed?

The form was signed by attorney-in-fact Bryan Tham on 09/11/2025.