NetApp president reports equity awards and tax withholding

NetApp, Inc. President Cesar Cernuda reported compensation-related share activity involving performance stock units and associated tax withholding.

Rhea-AI Filing Summary

NetApp, Inc. President Cesar Cernuda reported compensation-related share activity involving performance stock units and associated tax withholding. On May 14, 2026, he received two grants of common shares totaling 33,166 and 26,998 shares at no cost, reflecting settlement and awards tied to equity compensation. On the same date, 15,589 and 12,690 shares were disposed of through tax-withholding transactions at $118.58 per share to cover tax liabilities. These transactions were not open-market purchases or sales but routine equity award vesting and related tax payments, and he continues to hold a significant direct stake in NetApp common shares.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider CERNUDA CESAR

Role President

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	26,998	$0.00	$0.00
Exercise Price or Tax Liability	Common Shares	12,690	$118.58	$1.50M
Grant/Award	Common Shares	33,166	$0.00	$0.00
Exercise Price or Tax Liability	Common Shares	15,589	$118.58	$1.85M

Holdings After Transaction: Common Shares — 90,345 shares (Direct)

Footnotes (2)

1. F1. Represents the settlement of performance stock units originally granted on July 13, 2023.
2. F2. Performance stock units convert into common stock on a one-for-one basis.

Key Figures

Tax-withholding shares: 28,279 shares Tax-withholding price: $118.58/share Equity grant 1: 33,166 shares +3 more

6 metrics

Tax-withholding shares 28,279 shares Total F-code tax-withholding dispositions on May 14, 2026

Tax-withholding price $118.58/share Price used for both F-code tax-withholding dispositions

Equity grant 1 33,166 shares A-code grant/award of NetApp common shares at $0.00

Equity grant 2 26,998 shares Second A-code grant/award of NetApp common shares at $0.00

Tax-withholding lot 1 15,589 shares First F-code tax-withholding disposition at $118.58/share

Tax-withholding lot 2 12,690 shares Second F-code tax-withholding disposition at $118.58/share

Key Terms

performance stock units, tax-withholding disposition, grant, award, or other acquisition, convert into common stock on a one-for-one basis

4 terms

performance stock units financial

"Represents the settlement of performance stock units originally granted on July 13, 2023."

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

tax-withholding disposition financial

"transaction_action: tax-withholding disposition for payment of tax liability by delivering securities"

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.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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

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

FAQ

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

What insider transactions did NetApp (NTAP) President Cesar Cernuda report?

NetApp President Cesar Cernuda reported equity award activity on May 14, 2026. He received two common share grants and had shares withheld in separate transactions to satisfy tax obligations related to those awards, with no open-market buying or selling disclosed.

Were Cesar Cernuda’s NetApp (NTAP) transactions open-market buys or sells?

The reported transactions were not open-market buys or sells. They were equity grants at no cost and tax-withholding dispositions, where shares were delivered to cover tax liabilities tied to performance stock unit settlements and awards.

How many NetApp (NTAP) shares were granted to Cesar Cernuda in this Form 4?

Cesar Cernuda was granted 33,166 NetApp common shares in one award and 26,998 common shares in another, both at a price of $0.00 per share, reflecting compensation-related grants rather than market purchases.

How many NetApp (NTAP) shares were used for tax withholding in this filing?

A total of 28,279 NetApp common shares were disposed of for tax withholding. This consisted of 15,589 shares and 12,690 shares, each at $118.58 per share, to satisfy tax liabilities associated with equity compensation.

What role do performance stock units play in this NetApp (NTAP) Form 4?

The filing notes settlement of performance stock units originally granted on July 13, 2023. These units converted into NetApp common stock on a one-for-one basis, leading to share grants and related tax-withholding share dispositions for Cesar Cernuda.

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

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Accepted by SEC EDGAR 05/18/2026 - 05:00 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^*

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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	05/14/2026		A(1)		26,998	A	(2)	85,458	D
Common Shares	05/14/2026		F		12,690	D	$118.58	72,768	D
Common Shares	05/14/2026		A(1)		33,166	A	(2)	105,934	D
Common Shares	05/14/2026		F		15,589	D	$118.58	90,345	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. Represents the settlement of performance stock units originally granted on July 13, 2023.

2. Performance stock units convert into common stock on a one-for-one basis.

	/s/ Dena Acevedo, Attorney-in-Fact for Cesar Cernuda	05/18/2026
	** 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)