NetApp (NTAP) awards 2,646 RSUs to director Paul Fipps for board service

Rhea-AI Filing Summary

NetApp director Paul Fipps reported a new equity award in the form of restricted stock units. On January 14, 2026, he was granted 2,646 restricted stock units at a price of $0.00 per unit, held as a direct ownership position. These units convert into common stock on a one-for-one basis.

The 2,646 restricted stock units will vest on the day immediately before the next Annual Stockholders Meeting following the grant date, as long as Fipps continues to serve on NetApp’s board through that date. After this grant, he beneficially owns 2,646 derivative securities tied to NetApp common shares.

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

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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^*

Fipps Paul

(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)
01/14/2026

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

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)	01/14/2026		A		2,646		(2)	(2)	Common Shares	2,646	(1)	2,646	D

Explanation of Responses:

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

2. On January 14, 2026, the reporting person was granted 2,646 restricted stock units which vest on the day immediately preceding the date of the next Annual Stockholders Meeting 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 Paul Fipps	01/15/2026
	** 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 did NetApp (NTAP) director Paul Fipps report in this Form 4?

Director Paul Fipps reported receiving a grant of 2,646 restricted stock units related to NetApp common stock on January 14, 2026, held as a direct ownership position.

How many NetApp restricted stock units were granted to Paul Fipps and at what price?

Paul Fipps was granted 2,646 restricted stock units with a stated transaction price of $0.00 per unit, reflecting an equity award rather than an open-market purchase.

When do Paul Fipps’ NetApp restricted stock units vest?

The 2,646 restricted stock units vest on the day immediately preceding the date of the next Annual Stockholders Meeting of NetApp following the January 14, 2026 grant date, subject to his continuous board service.

How do the NetApp restricted stock units reported by Paul Fipps convert into shares?

The filing states that the restricted stock units convert into common stock on a one-for-one basis, meaning each unit will become one share of NetApp common stock upon settlement.

What is Paul Fipps’ beneficial ownership after this NetApp Form 4 transaction?

Following the reported transaction, Paul Fipps beneficially owns 2,646 derivative securities in the form of restricted stock units directly tied to NetApp common shares.

Is the NetApp Form 4 transaction for Paul Fipps direct or indirect ownership?

The Form 4 identifies the nature of ownership for this grant as Direct (D), with no indirect entity or separate beneficial owner noted in the provided footnotes.