NetApp president converts stock units to 1,847 shares

Q: How many NTAP shares did President Cesar Cernuda receive from the RSU conversion?

On October 15, 2026, 1,847 restricted stock units converted into 1,847 common shares for President Cesar Cernuda. The units convert into common stock on a one-for-one basis.

Q: How many NTAP shares were delivered or withheld, and at what price?

On October 15, 2026, 869 common shares were delivered or withheld for payment of exercise price or tax liability at $222.20 per share.

Q: What is the vesting schedule for President Cesar Cernuda's NTAP restricted stock units?

The 14,783 restricted stock units granted July 1, 2026 vest as to 1/8th (12.5%) on October 15, 2026, then 1/16th (6.25%) quarterly thereafter for a total of 45 months, subject to continued service on each applicable vesting date.

The president's 14,783-unit award was granted July 1, 2026, with vesting over 45 months subject to continued service.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

NetApp, Inc. President Cesar Cernuda converted 1,847 restricted stock units into 1,847 common shares on October 15, 2026. On that date, 869 common shares were delivered or withheld for payment of exercise price or tax liability at $222.20 per share. The derivative position following conversion was 12,936 restricted stock units; vesting of the award is subject to continued service.

Insider Trade Summary

1,847 shares exercised/converted

Exercise 3 txns

Insider CERNUDA CESAR

Role President

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit ^{F1, F2}	1,847	--	--
Exercise	Common Shares ^F1	1,847	--	--
Exercise Price or Tax Liability	Common Shares	869	$222.20	$193K

Holdings After Transaction: Restricted Stock Unit — 12,936 contracts (Direct); Common Shares — 47,508 shares (Direct)

Footnotes (2)

F1. Restricted stock units convert into common stock on a one-for-one basis.
F2. On July 1, 2026, the reporting person was granted 14,783 restricted stock units. Restricted stock unit awards shall vest as to 1/8th (12.5%) of the shares October 15, 2026 and 1/16th (6.25%) of the shares quarterly thereafter for a total of 45 months, subject to continued service on each applicable vesting date.

Key Figures

Restricted stock units converted: 1,847 units Shares delivered or withheld: 869 common shares Reported per-share price: $222.20 per share +4 more

7 metrics

Restricted stock units converted 1,847 units October 15, 2026; converted into 1,847 common shares

Shares delivered or withheld 869 common shares October 15, 2026; for payment of exercise price or tax liability

Reported per-share price $222.20 per share Shares delivered or withheld on October 15, 2026

Restricted stock units following conversion 12,936 units Position following the October 15, 2026 conversion

Restricted stock units granted 14,783 units Granted July 1, 2026

Initial vesting portion 1/8th (12.5%) Scheduled for October 15, 2026, subject to continued service

Subsequent vesting schedule 1/16th (6.25%) quarterly for a total of 45 months Subject to continued service on each applicable vesting date

Key Terms

restricted stock units, one-for-one basis, continued service

3 terms

restricted stock units financial

"Restricted stock units convert into common stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

one-for-one basis financial

"convert into common stock on a one-for-one basis"

continued service financial

"subject to continued service on each applicable vesting date"

FAQ

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

How many NTAP shares did President Cesar Cernuda receive from the RSU conversion?

On October 15, 2026, 1,847 restricted stock units converted into 1,847 common shares for President Cesar Cernuda. The units convert into common stock on a one-for-one basis.

How many NTAP shares were delivered or withheld, and at what price?

On October 15, 2026, 869 common shares were delivered or withheld for payment of exercise price or tax liability at $222.20 per share.

What is the vesting schedule for President Cesar Cernuda's NTAP restricted stock units?

The 14,783 restricted stock units granted July 1, 2026 vest as to 1/8th (12.5%) on October 15, 2026, then 1/16th (6.25%) quarterly thereafter for a total of 45 months, subject to continued service on each applicable vesting date.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Available on EDGAR 10/19/2026 - 04:30 PM EDT Accepted by SEC EDGAR 10/19/2026 - 04:30 PM EDT

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^*

CERNUDA CESAR

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2026

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)
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	10/15/2026		M		1,847	A	⁽¹⁾	48,377	D
Common Shares	10/15/2026		F		869	D	$222.2	47,508	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⁾	10/15/2026		M			1,847	⁽²⁾	⁽²⁾	Common Shares	1,847	⁽¹⁾	12,936	D

Explanation of Responses:

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

2. On July 1, 2026, the reporting person was granted 14,783 restricted stock units. Restricted stock unit awards shall vest as to 1/8th (12.5%) of the shares October 15, 2026 and 1/16th (6.25%) of the shares quarterly thereafter for a total of 45 months, subject to continued service on each applicable vesting date.

	/s/ Peter Mandel, Attorney-in-Fact for Cesar Cernuda	10/19/2026
	** 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)

Source: View Original Filing on SEC EDGAR