What price was used for the NetApp (NTAP) tax-withholding share disposition?

For the tax-withholding disposition, 3,951 NetApp common shares were valued at $98.22 per share. This code "F" transaction reflects payment of tax liability by delivering shares, rather than a discretionary open-market sale by the CEO.

NetApp (NTAP) CEO gains shares from RSU vesting, withholds some for taxes

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

NetApp, Inc. CEO George Kurian reported multiple stock transactions tied to restricted stock unit (RSU) vesting. On February 15, 2026, several RSU awards converted into common stock on a one-for-one basis, resulting in the acquisition of 7,760 common shares at a stated price of $0.00 per share through derivative exercises/conversions.

To cover tax obligations related to these vestings, 3,951 common shares were disposed of at $98.22 per share through a tax-withholding transaction coded "F," rather than an open-market sale. After these transactions, Kurian directly held 282,630 common shares of NetApp. The RSUs stem from grants made in 2022, 2023, and 2024 that vest over several years, subject to continued service on each vesting date.

Insider Trade Summary

7,760 shares exercised/converted

Mixed 5 txns

Insider Kurian George

Role CEO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	2,876	$0.00	--
Exercise	Restricted Stock Unit	2,885	$0.00	--
Exercise	Restricted Stock Unit	1,999	$0.00	--
Exercise	Common Shares	7,760	$0.00	--
Tax Withholding	Common Shares	3,951	$98.22	$388K

Holdings After Transaction: Restricted Stock Unit — 2,876 shares (Direct); Common Shares — 286,581 shares (Direct)

Footnotes (1)

Restricted stock units convert into common stock on a one-for-one basis. On July 1, 2022, the reporting person was granted 46,010 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2023 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date. On July 13, 2023, the reporting person was granted 46,166 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2024 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date. On July 1, 2024, the reporting person was granted 31,988 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2025 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.

Form 4 Insider Transactions: What Each Field Means →

02/18/2026 - 05:00 PM

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
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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^*

Kurian George

(Last)

(First)

(Middle)

3060 OLSEN DRIVE

(Street)

SAN JOSE

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)
02/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	02/15/2026		M		7,760	A	⁽¹⁾	286,581	D
Common Shares	02/15/2026		F		3,951	D	$98.22	282,630	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	02/15/2026		M			2,876	⁽²⁾	⁽²⁾	Common Shares	2,876	⁽¹⁾	2,876	D
Restricted Stock Unit	⁽¹⁾	02/15/2026		M			2,885	⁽³⁾	⁽³⁾	Common Shares	2,885	⁽¹⁾	14,428	D
Restricted Stock Unit	⁽¹⁾	02/15/2026		M			1,999	⁽⁴⁾	⁽⁴⁾	Common Shares	1,999	⁽¹⁾	17,994	D

Explanation of Responses:

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

2. On July 1, 2022, the reporting person was granted 46,010 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2023 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.

3. On July 13, 2023, the reporting person was granted 46,166 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2024 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.

4. On July 1, 2024, the reporting person was granted 31,988 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2025 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.

	/s/ Dena Acevedo, Attorney-in-Fact for George Kurian	02/18/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did NetApp (NTAP) CEO George Kurian report in this Form 4?

George Kurian reported RSU vesting that converted into common stock and a related tax-withholding share disposition. He acquired 7,760 common shares via derivative exercises and had 3,951 shares withheld for taxes, leaving him with 282,630 directly held NetApp shares.

How many NetApp (NTAP) shares does the CEO hold after these transactions?

After the reported transactions, George Kurian directly holds 282,630 NetApp common shares. This figure reflects both the RSU conversions into common stock and the 3,951 shares disposed of to satisfy tax liabilities associated with the vesting events.

Were the NetApp (NTAP) CEO’s transactions open-market buys or sells?

The transactions were not open-market buys or sells. Shares were acquired through derivative exercises/conversions of restricted stock units, and 3,951 shares were disposed of under code "F" specifically to cover tax liabilities from these RSU vesting events.

What do the NetApp (NTAP) RSU footnotes reveal about the CEO’s awards?

The footnotes show Kurian received RSU grants in 2022, 2023, and 2024, each vesting over several years. RSUs convert into common stock on a one-for-one basis, with 25% vesting on specified May 15 dates and 6.25% vesting quarterly thereafter, subject to continued service.

How many NetApp (NTAP) shares did the CEO acquire from RSU conversion?

The CEO acquired 7,760 NetApp common shares through derivative exercise/conversion transactions. These shares came from restricted stock units that converted into common stock on a one-for-one basis as part of scheduled vesting under previously granted equity awards.