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NetApp (NTAP) EVP O'Callahan sells 1,000 shares under 10b5-1 plan

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

NetApp executive Elizabeth M. O'Callahan reported an open-market sale of company stock. On February 10, 2026, the EVP and Chief Administrative Officer sold 1,000 NetApp common shares at a price of $103.45 per share in a transaction coded as a sale.

Following this sale, she beneficially owns 20,075 common shares directly. The filing notes that the transaction was carried out under a pre-arranged Rule 10b5-1 trading plan that she adopted on November 29, 2024.

Positive

  • None.

Negative

  • None.
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*
O'Callahan Elizabeth M

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Chief Admin. Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026
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)
Code V Amount (A) or (D) Price
Common Shares 02/10/2026 S(1) 1,000 D $103.45 20,075 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 on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 29, 2024.
/s/ Dena Acevedo, Attorney-in-Fact for Elizabeth M O'Callahan 02/11/2026
** 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.

FAQ

What insider transaction did NetApp (NTAP) report for Elizabeth M. O'Callahan?

NetApp reported that EVP and Chief Administrative Officer Elizabeth M. O'Callahan sold 1,000 common shares. The sale occurred on February 10, 2026, and was reported on a Form 4 insider trading filing with the Securities and Exchange Commission.

How many NetApp (NTAP) shares did the executive sell and at what price?

Elizabeth M. O'Callahan sold 1,000 NetApp common shares at a price of $103.45 per share. This was an open-market sale transaction, as indicated by the code "S" in the Form 4 filing for February 10, 2026.

How many NetApp (NTAP) shares does Elizabeth M. O'Callahan own after the sale?

After the reported sale, Elizabeth M. O'Callahan beneficially owns 20,075 NetApp common shares. The Form 4 indicates these shares are held directly, reflecting her position following the February 10, 2026 open-market transaction.

What is Elizabeth M. O'Callahan’s role at NetApp (NTAP)?

Elizabeth M. O'Callahan is an officer of NetApp serving as Executive Vice President and Chief Administrative Officer. Her role is identified in the Form 4 filing, which also confirms she is not a director and not a 10% owner of the company.

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

Yes. The Form 4 states the transaction was effected under a Rule 10b5-1 trading plan adopted by Elizabeth M. O'Callahan on November 29, 2024. This indicates the sale followed a pre-established, disclosed trading arrangement.

What transaction code is used for the NetApp (NTAP) insider sale?

The filing uses transaction code "S" for the reported trade, identifying it as a sale in an open market or private transaction. This code appears in Table I of the Form 4 for the February 10, 2026 transaction in NetApp common shares.
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