NetApp VP sells 275 shares in preplanned trade

NetApp, Inc. insider Daniel De Lorenzo, VP, Controller & CAO, reported an open-market sale of 275 Common Shares at $120.00 per share.

Rhea-AI Filing Summary

NetApp, Inc. insider Daniel De Lorenzo, VP, Controller & CAO, reported an open-market sale of 275 Common Shares at $120.00 per share. After this transaction, he directly holds 1,090 Common Shares. The filing notes the sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person.

Insider Trade Summary 10b5-1

Net Seller: 275 shares

Net Sell 1 txn

Insider De Lorenzo Daniel

Role VP, Controller & CAO

Sold 275 shs ($33K)

Type	Security	Shares	Price	Value
Sale	Common Shares	275	$120.00	$33K

Holdings After Transaction: Common Shares — 1,090 shares (Direct)

Footnotes (1)

1. F1. The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 26, 2025.

Key Figures

Shares sold: 275 shares Sale price: $120.00 per share Shares held after transaction: 1,090 shares +1 more

4 metrics

Shares sold 275 shares Open-market sale of Common Shares

Sale price $120.00 per share Price for the 275 Common Shares sold

Shares held after transaction 1,090 shares Direct ownership following the sale

Form type Form 4 Insider transaction report for NetApp, Inc.

Key Terms

Rule 10b5-1 trading plan, open-market sale, Common Shares

3 terms

Rule 10b5-1 trading plan regulatory

"The transaction reported in this Form 4 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.

open-market sale financial

"transaction_action": "open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Shares financial

"security_title": "Common Shares"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

FAQ

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

What insider transaction did NetApp (NTAP) report for Daniel De Lorenzo?

NetApp reported that VP, Controller & CAO Daniel De Lorenzo executed an open-market sale of 275 Common Shares at $120.00 per share. This disposition was reported on a Form 4 insider filing for the specified transaction date.

How many NetApp (NTAP) shares does Daniel De Lorenzo hold after the sale?

After the reported transaction, Daniel De Lorenzo directly holds 1,090 Common Shares of NetApp. This post-transaction holding amount is disclosed in the Form 4 and reflects his remaining direct ownership following the 275-share sale.

Was the NetApp (NTAP) insider sale made under a Rule 10b5-1 plan?

Yes. The footnote states the sale was effected under a Rule 10b5-1 trading plan adopted by Daniel De Lorenzo. Such plans are pre-arranged trading programs, which can make the timing of transactions more routine and less discretionary.

What was the sale price in the NetApp (NTAP) Form 4 transaction?

The Form 4 reports that the 275 NetApp Common Shares were sold at a price of $120.00 per share. This per-share price applies to the shares covered by the transaction disclosed in the insider trading report.

What type of security was involved in the NetApp (NTAP) insider transaction?

The transaction involved NetApp Common Shares, categorized as a non-derivative security in the Form 4. No options or other derivative securities were reported, and the derivative position section for this filing is empty.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/20/2026 - 04:30 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).

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^*

De Lorenzo Daniel

(Last) (First) (Middle)

3060 OLSEN DR

(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)
	VP, Controller & CAO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

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	05/18/2026		S(1)		275	D	$120	1,090	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 June 26, 2025.

	/s/ Dena Acevedo, Attorney-in-Fact for Daniel De Lorenzo	05/20/2026
	** 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)