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

NetApp (NTAP) president sells shares around $204 in plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

NetApp, Inc. (NTAP) reports that its President, Cesar Cernuda, sold a total of 2,608 common shares on August 17, 2026, in four open-market transactions at weighted average prices between $203.63 and $206.40. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted on March 24, 2026.

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Insider CERNUDA CESAR
Role President
Sold 2,608 shs ($533K)
Type Security Shares Price Value
Sale Common Shares F1, F2 1,192 $203.63 $243K
Sale Common Shares F1, F3 495 $204.36 $101K
Sale Common Shares F1, F4 821 $205.56 $169K
Sale Common Shares F1 100 $206.40 $21K
Holdings After Transaction: Common Shares — 46,530 shares (Direct)
Footnotes (4)
  1. F1. The Transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 24, 2026.
  2. F2. 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 $203.00 to $203.97. 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.
  3. F3. 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 $204.15 to $204.63. 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.
  4. F4. 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 $205.10 to $205.71. 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.
Shares sold tranche 1 1,192 shares Common shares sold on 2026-08-17 at weighted average price $203.63
Shares sold tranche 2 495 shares Common shares sold on 2026-08-17 at weighted average price $204.36
Shares sold tranche 3 821 shares Common shares sold on 2026-08-17 at weighted average price $205.56
Shares sold tranche 4 100 shares Common shares sold on 2026-08-17 at price $206.40
Total shares sold 2,608 shares Aggregate of four open-market sales on 2026-08-17 by President Cesar Cernuda
10b5-1 plan adoption date March 24, 2026 Date Cesar Cernuda adopted Rule 10b5-1 trading plan covering these sales
Price range footnote F2 $203.00 to $203.97 Actual prices for tranche with weighted average $203.63, within one-dollar range
Price range footnote F4 $205.10 to $205.71 Actual prices for tranche with weighted average $205.56, within one-dollar range
Rule 10b5-1 trading plan regulatory
"The transaction was effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price in Column 4 is a weighted average price of all sales"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open market or private transaction market
"Transaction code S described as sale in open market or private transaction"

FAQ

What insider transaction did NetApp (NTAP) disclose for Cesar Cernuda?
NetApp disclosed that President Cesar Cernuda sold 2,608 common shares on August 17, 2026, in four open-market transactions at weighted average prices between about $203.63 and $206.40, under a pre-arranged Rule 10b5-1 trading plan.

At what prices did the NTAP insider sales by Cesar Cernuda occur?
Cesar Cernuda’s NTAP share sales occurred at weighted average prices of $203.63, $204.36, $205.56, and $206.40. Footnotes state actual prices ranged from $203.00 to $205.71 across the different one-dollar ranges.

How many NetApp (NTAP) shares did Cesar Cernuda sell in each transaction?
On August 17, 2026, Cesar Cernuda sold 1,192, 495, 821, and 100 NetApp common shares in four separate trades. All trades were reported as open-market sales and together total 2,608 shares.

Were Cesar Cernuda’s NTAP stock sales made under a Rule 10b5-1 plan?
Yes. The filing states the transactions were effected under a Rule 10b5-1 trading plan adopted by Cesar Cernuda on March 24, 2026. The document-level Rule 10b5-1 checkbox is also marked as affirmed.

Does the Form 4 show Cesar Cernuda’s remaining NTAP share holdings after these sales?
The Form 4 lists these 2,608 shares as sold but does not report a specific total share balance following the transactions. No derivative securities or holding entries are included alongside these sales in this filing.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
CERNUDA CESAR
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Shares08/17/2026S(1)1,192D$203.63(2)47,946D
Common Shares08/17/2026S(1)495D$204.36(3)47,451D
Common Shares08/17/2026S(1)821D$205.56(4)46,630D
Common Shares08/17/2026S(1)100D$206.446,530D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The Transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 24, 2026.
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 $203.00 to $203.97. 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.
3. 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 $204.15 to $204.63. 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.
4. 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 $205.10 to $205.71. 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/ Colin Lloyd, Attorney-in-Fact for Cesar Cernuda08/19/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR