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  4. [Form 4] NetApp, Inc Insider Trading Activity

NetApp's George Kurian Maintains Large Stake Despite Recent Share Sale

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

Rhea-AI Filing Summary

NetApp CEO and Director George Kurian has reported a sale of 8,500 shares of common stock at a weighted average price of $101.78 per share on June 16, 2025. The transaction was executed under a pre-established Rule 10b5-1 trading plan adopted on December 19, 2023.

Following the transaction, Kurian retains direct ownership of 296,805 shares of NetApp common stock. The sale prices ranged from $101.47 to $102.16 per share.

  • Transaction Type: Sale of Common Shares
  • Total Value: Approximately $865,130
  • Trading Plan: Executed under Rule 10b5-1 plan
  • Insider Status: CEO and Director

This insider transaction provides transparency into executive stock ownership and trading patterns at NetApp, though it represents less than 3% of Kurian's total holdings.

Positive

  • None.

Negative

  • CEO George Kurian sold 8,500 shares worth approximately $865,130 (at avg. price $101.78) through a pre-planned 10b5-1 trading plan, retaining 296,805 shares
Insider Kurian George
Role CEO
Sold 8,500 shs ($865K)
Type Security Shares Price Value
Sale Common Shares 8,500 $101.78 $865K
Holdings After Transaction: Common Shares — 296,805 shares (Direct)
Footnotes (1)
  1. The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 19, 2023. The price in Column 4 is a weighted average price of all sales by the reporting person on the transaction date within a one dollar range. The prices actually received ranged from $101.47 to $102.16. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
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
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 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 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
X Officer (give title below) Other (specify below)
CEO
3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025
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 06/16/2025 S(1) 8,500 D $101.78(2) 296,805 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
Explanation of Responses:
1. The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 19, 2023.
2. The price in Column 4 is a weighted average price of all sales by the reporting person on the transaction date within a one dollar range. The prices actually received ranged from $101.47 to $102.16. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
/s/ Bryan Tham, Attorney-in-Fact for George Kurian 06/18/2025
** 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

How many NTAP shares did CEO George Kurian sell on June 16, 2025?

According to the Form 4 filing, CEO George Kurian sold 8,500 shares of NetApp (NTAP) common stock on June 16, 2025.

What was the sale price of NTAP shares in CEO Kurian's June 2025 transaction?

The shares were sold at a weighted average price of $101.78 per share, with actual prices ranging from $101.47 to $102.16.

How many NTAP shares does CEO George Kurian own after the June 2025 sale?

Following the reported transaction, George Kurian directly owns 296,805 shares of NetApp (NTAP) common stock.

Was NTAP CEO Kurian's June 2025 stock sale part of a 10b5-1 trading plan?

Yes, the transaction was executed pursuant to a Rule 10b5-1 trading plan that was adopted by Kurian on December 19, 2023.

What positions does George Kurian hold at NTAP according to the Form 4?

According to the Form 4, George Kurian serves as both CEO and Director of NetApp (NTAP).