STOCK TITAN

[Form 4] NetApp, Inc Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

NetApp director Carrie Palin reported routine insider transactions tied to restricted stock units. On 09/09/2025 2,377 restricted stock units vested and converted one-for-one into 2,377 common shares, resulting in 9,353 common shares beneficially owned following that transaction. The filing also discloses a grant on 09/10/2025 of 2,307 restricted stock units that vest on the day before the next annual meeting, subject to continued board service; those 2,307 units were recorded as acquired on 09/10/2025 and show 2,307 common shares beneficially owned following that grant. The form is signed by an attorney-in-fact and reflects standard Section 16 disclosure of equity awards converting and being granted to a director.

La direttrice di NetApp, Carrie Palin, ha riportato operazioni ordinarie di insider legate a unità di azioni restritte. Il 09/09/2025 si sono vestite 2,377 RSU e si sono convertite una a una in 2,377 azioni ordinarie, portando a 9,353 azioni ordinarie beneficiariamente possedute dopo tale operazione. La pratica segnala anche l’assegnazione del 09/10/2025 di 2,307 RSU che vestono il giorno prima della prossima assemblea annuale, soggette a continuare nel consiglio; tali 2,307 unità sono state registrate come acquisite il 09/10/2025 e mostrano 2,307 azioni ordinarie beneficiariamente possedute a seguito di tale grant. Il modulo è firmato da un procuratore (attorney-in-fact) e riflette la disclosure standard della Sezione 16 su premi azionari che si convertono e vengono assegnati a un amministratore.

La directora de NetApp, Carrie Palin, informó transacciones internas habituales vinculadas a unidades de acciones restringidas (RSU). El 09/09/2025 se vestían 2,377 RSU y se convirtieron uno a uno en 2,377 acciones comunes, resultando en 9,353 acciones comunes beneficiosamente poseídas tras dicha operación. El documento también revela una adjudicación el 10/09/2025 de 2,307 RSU que vencen el día anterior a la próxima asamblea anual, sujeta a continuar en el consejo; esas 2,307 unidades se registraron como adquiridas el 10/09/2025 y muestran 2,307 acciones comunes beneficiosamente poseídas tras esa adjudicación. El formulario está firmado por un apoderado (attorney-in-fact) y refleja la divulgación estándar de la Sección 16 sobre premios de acciones que se convierten y se otorgan a un director.

넷앱(NettApp)의 카리 팔린 이사는 제한 주식 단위(RSU)와 관련된 일상적인 내부자 거래를 보고했습니다. 2025년 9월 9일에 2,377 RSU가 취득되어 1대1로 2,377 주의 일반 주식으로 전환되었고, 그 거래 이후 보유 혜택 주식 수는 9,353 주가 되었습니다. 제출 문서는 또한 2025년 9월 10일에 차기 연례 주주총회 전날 동결되는 조건의 2,307 RSU의 부여를 밝히고 있으며, 이사회에서 계속 근무하는 것을 조건으로 합니다; 이 2,307단위는 2025년 9월 10일에 취득으로 기록되었고 그 부여 후 보유 혜택 주식 수는 2,307 주로 표시됩니다. 이 양식은 대리인(attorney-in-fact)이 서명했으며, 이사에게 부여되고 전환되는 주식 보상에 대한 표준 제16조 공시를 반영합니다.

La directrice de NetApp, Carrie Palin, a signalé des opérations internes courantes liées à des unités d’actions restreintes (RSU). Le 09/09/2025, 2 377 RSU se sont acquises et ont été converties au mérite en 2 377 actions ordinaires, ce qui a donné lieu à 9 353 actions ordinaires détenues bénéfi ciement après cette transaction. Le dossier divulge également une attribution le 10/09/2025 de 2 307 RSU qui se vissent la veille de la prochaine assemblée annuelle, sous réserve de poursuivre au conseil ; ces 2 307 unités ont été enregistrées comme acquises le 10/09/2025 et indiquent 2 307 actions ordinaires détenues bénéfi ciement après cette attribution. Le formulaire est signé par un mandataire (attorney-in-fact) et reflète la divulgation standard de la Section 16 concernant les attributions d’actions converties et accordées à un directeur.

NetApp-Direktorin Carrie Palin berichtete routinemäßige Insider-Geschäfte im Zusammenhang mit Restricted-Stock-Units (RSUs). Am 09.09.2025 vesteten 2 377 RSUs und wurden eins zu eins in 2 377 Stammaktien umgewandelt, sodass nach dieser Transaktion 9 353 Stammaktien vorteilhaft besessen wurden. Die Einreichung nennt außerdem eine Zuteilung am 10.09.2025 von 2 307 RSUs, die am Tag vor der nächsten Hauptversammlung vesten; diese 2 307 Einheiten wurden am 10.09.2025 als erworben verbucht und zeigen nach dieser Zuteilung 2 307 vorteilhaft besessene Stammaktien. Das Formular ist von einem Bevollmächtigten unterschrieben und spiegelt die standardmäßige Offenlegung nach Abschnitt 16 über Aktienbeteiligungen wider, die in eine Direktorenposition umgewandelt und zugeteilt werden.

أبلغت مديرة NetApp، كاري بالين، عن معاملات داخلية روتينية مرتبطة بوحدات الأسهم المقيدة (RSU). في 09/09/2025، تمت vesting لـ 2,377 RSU وتحويلها سِوّياً إلى 2,377 سهماً عادياً، مما أدى إلى امتلاك فعّال لـ 9,353 سهماً عادياً بعد تلك المعاملة. كما يكشف الملف عن منح في 09/10/2025 لـ 2,307 RSU vesting في اليوم السابق للاجتماع السنوي القادم، شريطة الاستمرار في الخدمة بالمجلس؛ تلك الوحدات البالغة 2,307 خُزّنت كمكتسبة في 09/10/2025 وتظهر امتلاكاً فعلياً لـ 2,307 أسهم عادية بعد ذلك المنح. النموذج موقع من وكيل قانوني (محامٍ/محامية) ويعكس الكشف القياسي وفق القسم 16 عن منح الأسهم التي تتحول وتمنح لمدير.

NetApp 董事 Carrie Palin 报告了与受限股票单位(RSU)相关的日常内部交易。2025-09-09,2,377 股 RSU 已归属并按一对一转化为 2,377 股普通股,因此该笔交易后实际拥有的普通股为 9,353 股。文件还披露在 2025-09-10 的一项授予,2,307 股 RSU 将在下次年度股东大会前一天 vesting,前提是继续在董事会任职;这 2,307 单位在 2025-09-10 记为已取得,并在该授予后显示拥有 2,307 股普通股。该表格由代理人(attorney-in-fact)签署,反映了标准的第16条披露,即董事获得并转换的股权奖励。

Positive
  • 2,377 restricted stock units vested and converted into 2,377 common shares, increasing reported ownership
  • New grant of 2,307 restricted stock units recorded, showing continued director compensation alignment with shareholders
  • Filing signed and dated (attorney-in-fact), meeting Section 16 disclosure requirements
Negative
  • None.

Insights

TL;DR: Routine director equity vesting and a new RSU grant increase insider ownership modestly; no cash trades or dispositions reported.

The Form 4 documents the vesting of 2,377 restricted stock units into common shares and the contemporaneous recording of a 2,307-unit RSU grant. These are compensatory equity events typical for non-employee directors and do not represent open-market buying or selling. The post-transaction beneficial ownership figure of 9,353 shares after vesting provides a snapshot of the director's stake but, by itself, is unlikely to materially affect NTAP valuation or signal a change in insider sentiment.

TL;DR: Disclosure meets Section 16 requirements for RSU vesting and grants; timing tied to annual meeting vesting schedule.

The filing notes that the 2,377 RSUs granted on 09/11/2024 vested on 09/09/2025 (the day before the 2025 annual meeting), consistent with a board compensation schedule. The additional 2,307 RSUs granted 09/10/2025 vest the day before the next annual meeting, contingent on continuous board service. These mechanics and the attorney-in-fact signature are standard governance practice and maintain transparency required for director equity awards.

La direttrice di NetApp, Carrie Palin, ha riportato operazioni ordinarie di insider legate a unità di azioni restritte. Il 09/09/2025 si sono vestite 2,377 RSU e si sono convertite una a una in 2,377 azioni ordinarie, portando a 9,353 azioni ordinarie beneficiariamente possedute dopo tale operazione. La pratica segnala anche l’assegnazione del 09/10/2025 di 2,307 RSU che vestono il giorno prima della prossima assemblea annuale, soggette a continuare nel consiglio; tali 2,307 unità sono state registrate come acquisite il 09/10/2025 e mostrano 2,307 azioni ordinarie beneficiariamente possedute a seguito di tale grant. Il modulo è firmato da un procuratore (attorney-in-fact) e riflette la disclosure standard della Sezione 16 su premi azionari che si convertono e vengono assegnati a un amministratore.

La directora de NetApp, Carrie Palin, informó transacciones internas habituales vinculadas a unidades de acciones restringidas (RSU). El 09/09/2025 se vestían 2,377 RSU y se convirtieron uno a uno en 2,377 acciones comunes, resultando en 9,353 acciones comunes beneficiosamente poseídas tras dicha operación. El documento también revela una adjudicación el 10/09/2025 de 2,307 RSU que vencen el día anterior a la próxima asamblea anual, sujeta a continuar en el consejo; esas 2,307 unidades se registraron como adquiridas el 10/09/2025 y muestran 2,307 acciones comunes beneficiosamente poseídas tras esa adjudicación. El formulario está firmado por un apoderado (attorney-in-fact) y refleja la divulgación estándar de la Sección 16 sobre premios de acciones que se convierten y se otorgan a un director.

넷앱(NettApp)의 카리 팔린 이사는 제한 주식 단위(RSU)와 관련된 일상적인 내부자 거래를 보고했습니다. 2025년 9월 9일에 2,377 RSU가 취득되어 1대1로 2,377 주의 일반 주식으로 전환되었고, 그 거래 이후 보유 혜택 주식 수는 9,353 주가 되었습니다. 제출 문서는 또한 2025년 9월 10일에 차기 연례 주주총회 전날 동결되는 조건의 2,307 RSU의 부여를 밝히고 있으며, 이사회에서 계속 근무하는 것을 조건으로 합니다; 이 2,307단위는 2025년 9월 10일에 취득으로 기록되었고 그 부여 후 보유 혜택 주식 수는 2,307 주로 표시됩니다. 이 양식은 대리인(attorney-in-fact)이 서명했으며, 이사에게 부여되고 전환되는 주식 보상에 대한 표준 제16조 공시를 반영합니다.

La directrice de NetApp, Carrie Palin, a signalé des opérations internes courantes liées à des unités d’actions restreintes (RSU). Le 09/09/2025, 2 377 RSU se sont acquises et ont été converties au mérite en 2 377 actions ordinaires, ce qui a donné lieu à 9 353 actions ordinaires détenues bénéfi ciement après cette transaction. Le dossier divulge également une attribution le 10/09/2025 de 2 307 RSU qui se vissent la veille de la prochaine assemblée annuelle, sous réserve de poursuivre au conseil ; ces 2 307 unités ont été enregistrées comme acquises le 10/09/2025 et indiquent 2 307 actions ordinaires détenues bénéfi ciement après cette attribution. Le formulaire est signé par un mandataire (attorney-in-fact) et reflète la divulgation standard de la Section 16 concernant les attributions d’actions converties et accordées à un directeur.

NetApp-Direktorin Carrie Palin berichtete routinemäßige Insider-Geschäfte im Zusammenhang mit Restricted-Stock-Units (RSUs). Am 09.09.2025 vesteten 2 377 RSUs und wurden eins zu eins in 2 377 Stammaktien umgewandelt, sodass nach dieser Transaktion 9 353 Stammaktien vorteilhaft besessen wurden. Die Einreichung nennt außerdem eine Zuteilung am 10.09.2025 von 2 307 RSUs, die am Tag vor der nächsten Hauptversammlung vesten; diese 2 307 Einheiten wurden am 10.09.2025 als erworben verbucht und zeigen nach dieser Zuteilung 2 307 vorteilhaft besessene Stammaktien. Das Formular ist von einem Bevollmächtigten unterschrieben und spiegelt die standardmäßige Offenlegung nach Abschnitt 16 über Aktienbeteiligungen wider, die in eine Direktorenposition umgewandelt und zugeteilt werden.

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*
Palin Carrie

(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) 9,353 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 Carrie Palin 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).
** 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 Carrie Palin report on Form 4 for NTAP?

Carrie Palin reported the vesting of 2,377 RSUs into 2,377 common shares on 09/09/2025 and a grant of 2,307 RSUs on 09/10/2025.

How many NetApp shares did Palin beneficially own after the 09/09/2025 vesting?

9,353 common shares were reported as beneficially owned following the 09/09/2025 transaction.

Were any shares sold or disposed of by the reporting person?

No dispositions are reported; the Form 4 shows acquisitions related to RSU vesting and a grant.

When do the 2,307 newly granted RSUs vest?

The 2,307 RSUs granted on 09/10/2025 vest on the day immediately before the next annual meeting of stockholders, subject to continuous board service.

Does this Form 4 indicate unusual insider trading activity for NTAP?

No. The filing documents routine compensation-related vesting and grant activity for a director, not open-market trades.
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