[Form 4] NetApp, Inc Insider Trading Activity

Rhea-AI Filing Summary

Anders Gustafsson, a director of NetApp, Inc. (NTAP), reported insider transactions on Form 4 showing restricted stock unit activity in September 2025. On September 9, 2025 2,377 restricted stock units vested and converted one-for-one into 2,377 common shares; the filing lists 11,449 common shares beneficially owned following that transaction. On September 10, 2025 the reporting person was granted 2,307 restricted stock units that vest on the day before the next annual meeting, subject to continued board service. The Form 4 was signed by an attorney-in-fact on September 11, 2025.

Positive

• Vesting converted to shares: 2,377 restricted stock units vested and converted one-for-one into 2,377 common shares
• New grant issued: Reporting person received a new grant of 2,307 restricted stock units conditioned on continued board service
• Proper reporting: Form 4 was executed and filed with an attorney-in-fact signature, satisfying disclosure requirements

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director equity vesting and a subsequent annual RSU grant increased direct ownership modestly; no cash transactions reported.

The filing documents a standard equity compensation cycle: 2,377 RSUs vested and converted to common shares, raising reported beneficial ownership to 11,449 shares, and a new grant of 2,307 RSUs was made the following day. There are no open-market purchases or sales, no option exercises, and no cash proceeds disclosed. For investors, this is a compensation-related ownership change by a director rather than a market transaction signaling buying or selling intent.

Corporate Governance Expert

TL;DR: Governance-standard equity awards and vesting recorded; documentation shows customary timing tied to annual meeting service.

The report clearly states that the vested RSUs were granted on September 11, 2024 and vested on September 9, 2025, and that the new RSU grant vests the day before the next annual meeting conditioned on continued board service. The filing is complete with an attorney-in-fact signature. These disclosures align with routine director compensation and required Section 16 reporting obligations.

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
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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^*

GUSTAFSSON ANDERS

(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)
09/09/2025

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	09/09/2025		M		2,377	A	(1)	11,449	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
Restricted Stock Unit	(1)	09/09/2025		M			2,377	(2)	(2)	Common Shares	2,377	(1)	0	D
Restricted Stock Unit	(1)	09/10/2025		A		2,307		(3)	(3)	Common Shares	2,307	(1)	2,307	D

Explanation of Responses:

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

2. On September 11, 2024, the reporting person was granted 2,377 restricted stock units, which vested on September 9, 2025, the day immediately preceding the date of the 2025 Annual Meeting of Stockholders.

3. On September 10, 2025, the reporting person was granted 2,307 restricted stock units which vest on the day immediately preceding the date of the next Annual Meeting of Stockholders of the Company following the grant date, subject to the reporting person's continuous service on the Board through such date.

	/s/ Bryan Tham, Attorney-in-Fact for Anders Gustafsson	09/11/2025
	** 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).
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FAQ

Who filed the Form 4 for NTAP?

The Form 4 was filed on behalf of Anders Gustafsson, a director of NetApp, Inc.

How many restricted stock units vested for Anders Gustafsson on 09/09/2025?

2,377 restricted stock units vested on September 9, 2025 and converted one-for-one into common shares.

What was Anders Gustafsson's beneficial ownership after the reported transaction?

The filing shows 11,449 common shares beneficially owned following the reported transaction.

Was there a new equity grant reported?

Yes. On September 10, 2025 Anders Gustafsson was granted 2,307 restricted stock units that vest the day before the next annual meeting, subject to continued board service.

When was the Form 4 signed?

The Form 4 bears a signature by Bryan Tham, Attorney-in-Fact for Anders Gustafsson dated September 11, 2025.