NetApp director Nevens sells 5,940 shares

A NetApp director reported an indirect sale of 5,940 shares by a family trust at a weighted average price near $195 per share.

Available on EDGAR 09/14/2026 - 04:35 PM EDT Accepted by SEC EDGAR 09/14/2026 - 04:31 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

NetApp, Inc. (NTAP) director Thomas Michael Nevens reported an indirect sale of 5,940 common shares on September 11, 2026 through The Nevens Family 1997 Trust. The shares were sold at a weighted average price of $195.21 per share, within a range of $194.75 to $195.71, leaving 7,747 shares held by the trust after the transaction. No Rule 10b5-1 trading plan is reported for this sale.

Insider Trade Summary

Net Seller: 5,940 shares

Net Sell 1 txn

Insider NEVENS THOMAS MICHAEL

Role Director

Sold 5,940 shs ($1.16M)

Share of Position Sold 43.4%

Type	Security	Shares	Price	Value
Sale	Common Shares F1	5,940	$195.21	$1.16M

Holdings After Transaction: Common Shares — 7,747 shares (Indirect, The Nevens Family 1997 Trust)

Holdings Before and After: Common Shares, 13,687 to 7,747 shares (Indirect, The Nevens Family 1997 Trust)

Other Insiders: 2 other insiders reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (1)

1. F1. The price in Column 4 is a weighted average price. The prices actually received ranged from $194.75 to $195.71. 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.

Key Figures

Shares sold: 5,940 shares Weighted average sale price: $195.21 per share Sale price range: $194.75–$195.71 per share +1 more

4 metrics

Shares sold 5,940 shares Common shares sold indirectly on September 11, 2026 by family trust

Weighted average sale price $195.21 per share Reported average price for the 5,940 shares sold

Sale price range $194.75–$195.71 per share Range of actual prices received within the reported transaction

Shares held after transaction 7,747 shares Indirect holdings in The Nevens Family 1997 Trust after the sale

Key Terms

weighted average price

1 terms

weighted average price financial

"The price in Column 4 is a weighted average price."

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.

FAQ

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

What insider transaction in NTAP stock did Thomas Michael Nevens report?

He reported an indirect sale of 5,940 NetApp common shares on September 11, 2026 by The Nevens Family 1997 Trust at a weighted average price of $195.21 per share, with individual prices ranging from $194.75 to $195.71.

Was the NTAP insider sale by Thomas Michael Nevens made under a Rule 10b5-1 plan?

No. The filing indicates that no Rule 10b5-1 trading plan is affirmed for this transaction, meaning the sale is not reported as being executed under a pre-arranged trading plan.

How many NTAP shares does the Nevens Family 1997 Trust hold after the reported sale?

After selling 5,940 shares, The Nevens Family 1997 Trust is reported to hold 7,747 NetApp common shares indirectly attributable to director Thomas Michael Nevens.

What price range did the NTAP shares sell for in Thomas Michael Nevens’s transaction?

The sale was reported at a weighted average price of $195.21 per share, with the actual prices received for the 5,940 shares ranging from $194.75 to $195.71 per share.

Is the NTAP insider transaction by Thomas Michael Nevens a direct or indirect holding change?

The transaction changes an indirect holding. The 5,940 shares were sold by The Nevens Family 1997 Trust, which holds NetApp shares associated with director Thomas Michael Nevens.

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

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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^*

NEVENS THOMAS MICHAEL

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2026

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	09/11/2026		S		5,940	D	$195.21(1)	7,747	I	The Nevens Family 1997 Trust

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 price in Column 4 is a weighted average price. The prices actually received ranged from $194.75 to $195.71. 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 T. Michael Nevens	09/14/2026
	** 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)