NetApp (NTAP) VP De Lorenzo sells 225 shares under Rule 10b5-1 plan

Rhea-AI Filing Summary

NetApp, Inc. VP, Controller & CAO Daniel De Lorenzo reported an open‑market sale of 225 common shares at $171.09 per share. The transaction occurred as a direct holding and was executed under a pre‑arranged Rule 10b5‑1 trading plan adopted by the reporting person. Following this sale, he directly holds 1,090 NetApp common shares. A footnote explains that the 225 shares were originally purchased at $83.9545 per share under the NetApp Employee Stock Purchase Plan.

Insights

Equity compensation and insider-transactions analyst

Routine, pre‑planned insider sale with limited size relative to holdings.

The filing shows NetApp VP, Controller & CAO Daniel De Lorenzo sold 225 common shares at $171.09 per share. After the sale, he directly holds 1,090 shares, indicating this is a relatively small transaction in absolute terms.

A footnote states the trade was made under a Rule 10b5-1 trading plan adopted on June 26, 2025. Such plans are pre‑scheduled and designed to reduce discretion over timing. Another footnote notes the 225 shares were purchased at $83.9545 per share under the NetApp Employee Stock Purchase Plan.

There are no derivative transactions or remaining option positions listed, and the transactionSummary shows a single net sale of 225 shares. Overall, this appears to be a routine liquidity or portfolio‑management move rather than a thesis‑changing event for investors.

Insider Trade Summary 10b5-1

Net Seller: 225 shares ($38,495)

Net Sell 1 txn

Insider De Lorenzo Daniel

Role VP, Controller & CAO

Sold 225 shs ($38K)

Type	Security	Shares	Price	Value
Sale	Common Shares	225	$171.09	$38K

Holdings After Transaction: Common Shares — 1,090 shares (Direct, null)

Footnotes (1)

1. The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 26, 2025. Reflects 225 shares purchased at $83.9545 per share under the NetApp Employee Stock Purchase Plan on May 29, 2026.

Key Figures

Shares sold: 225 shares Sale price: $171.09 per share Shares owned after sale: 1,090 shares +2 more

5 metrics

Shares sold 225 shares Open-market sale on June 1, 2026

Sale price $171.09 per share Price for the 225 common shares sold

Shares owned after sale 1,090 shares Direct holdings following the transaction

Original purchase price $83.9545 per share Cost of 225 shares under Employee Stock Purchase Plan

Rule 10b5-1 plan adoption date June 26, 2025 Trading plan governing the sale

Key Terms

Rule 10b5-1 trading plan, open-market sale, NetApp Employee Stock Purchase Plan

3 terms

Rule 10b5-1 trading plan regulatory

"The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

NetApp Employee Stock Purchase Plan financial

"Reflects 225 shares purchased at $83.9545 per share under the NetApp Employee Stock Purchase Plan"

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Form 4 Insider Transactions: What Each Field Means →

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^*

De Lorenzo Daniel

(Last) (First) (Middle)

3060 OLSEN DR

(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)
	VP, Controller & CAO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	06/01/2026		S(1)		225	D	$171.09	1,090(2)	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 in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 26, 2025.

2. Reflects 225 shares purchased at $83.9545 per share under the NetApp Employee Stock Purchase Plan on May 29, 2026.

	/s/ Colin Lloyd, Attorney-in-Fact for Daniel De Lorenzo	06/03/2026
	** 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)