[Form 4] NetApp, Inc Insider Trading Activity

Rhea-AI Filing Summary

NetApp director T. Michael Nevens reported a transaction on 08/29/2025 that removed 1,530 shares of NetApp common stock from his holdings through a gift (charitable contribution). Following that transaction he is shown as beneficially owning 7,747 shares indirectly through The Nevens Family 1997 Trust. The disposition was recorded with transaction code G(1), indicating a gift, and the reported price is $0, consistent with a donation rather than a sale. The filing shows the reporting person as a director and the Form 4 was filed by one reporting person. No derivative transactions or other material changes in ownership were reported.

Insights

Securities Analyst

TL;DR: A director made a small charitable gift of shares; ownership remains modest and the move appears non-material to investors.

The reported gift of 1,530 shares reduces the director's direct economic stake but leaves an indirect holding of 7,747 shares via a family trust. For a company the size of NetApp, this change is small in absolute terms and does not indicate trading activity for liquidity or hedging. The transaction code G(1) and a reported price of $0 confirm a donation to charity rather than a sale. There are no derivative transactions, options, or larger disposals disclosed that would materially affect share supply or signal insider sentiment.

Corporate Governance Expert

TL;DR: The gift is a routine insider charitable donation and presents no governance red flags based on the filing.

The filing identifies the reporting person as a director and shows the indirect ownership vehicle as The Nevens Family 1997 Trust. The form indicates a single reporting person and provides a clear explanation that the disposition was a charitable contribution. Absent additional dispositions, schedule changes, or linked transactions, this disclosure aligns with standard fiduciary and disclosure practices. No compliance issues, 10% ownership status, or plan-based trades are evident from the form.

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 CA 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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	08/29/2025		G(1)		1,530	D	$0	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. Represents a gift (charitable contribution) of shares of common stock to a charitable organization.

	/s/ Bryan Tham, Attorney-in-Fact for T. Michael Nevens	09/03/2025
	** 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.

FAQ

What did NetApp director T. Michael Nevens report on Form 4 (NTAP)?

He reported a gift of 1,530 shares of NetApp common stock on 08/29/2025, recorded with transaction code G(1).

How many NetApp shares does T. Michael Nevens beneficially own after the reported transaction?

7,747 shares are shown as beneficially owned indirectly through The Nevens Family 1997 Trust.

Was the disposition a sale or a donation according to the Form 4?

The disposition was a gift (charitable contribution), reflected by a price of $0 and the explanatory note.

Does the Form 4 report any option or derivative transactions for NTAP?

No derivative securities, options, or convertible transactions are reported in Table II of this Form 4.

Was the Form 4 filed by multiple reporting persons?

No; the form indicates it was filed by one reporting person.