[Form 4] NetApp, Inc Insider Trading Activity

Rhea-AI Filing Summary

Gerald Held, a director of NetApp, Inc. (NTAP), was granted 2,307 restricted stock units (RSUs) on 09/10/2025. The RSUs convert into common shares on a one-for-one basis and, per the filing, vest on the day immediately preceding the next Annual Meeting of Stockholders following the grant date, subject to Held's continuous service on the Board through that date. Following the reported transaction the filing shows 2,307 common shares beneficially owned. The Form 4 was signed by Bryan Tham as attorney-in-fact and dated 09/11/2025.

Positive

• 2,307 restricted stock units were granted and convert one-for-one into common shares, per the filing
• Vesting tied to continuous board service through the next Annual Meeting, as explicitly stated

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director equity grant with time-based vesting to maintain service alignment.

The filing documents a standard grant of 2,307 RSUs to a director that convert one-for-one into common shares and vest contingent on continuous service through the next annual meeting. This structure is a common board compensation mechanism designed to link director incentives to future shareholder outcomes without immediate share issuance. The vesting condition is explicitly service-based and tied to the next Annual Meeting date; no derivative exercises, sales, or dispositions are reported.

Securities Analyst

TL;DR: Transaction is a routine equity grant; no immediate change to public float reported.

The Form 4 reports a grant (transaction code A) of 2,307 restricted stock units on 09/10/2025, with beneficial ownership after the transaction listed as 2,307 common shares. The instrument converts one-for-one to common stock and vests on the day before the next Annual Meeting, conditional on continued board service. The filing was executed by an attorney-in-fact on 09/11/2025. There are no indications of sales, option exercises, or changes in derivative positions in this filing.

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

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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^*

HELD GERALD

(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)
09/10/2025

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

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)	09/10/2025		A		2,307		(2)	(2)	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 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 Gerald Held	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 Gerald Held report in the Form 4 for NTAP?

He was granted 2,307 restricted stock units on 09/10/2025 that convert one-for-one into common shares and vest subject to service.

When do the 2,307 RSUs vest according to the filing?

They vest on the day immediately preceding the next Annual Meeting of Stockholders following the grant date, provided Held remains in continuous service on the Board.

How many common shares does the filing show Held beneficially owned after the transaction?

2,307 common shares beneficially owned following the reported transaction.

What is the conversion ratio for the restricted stock units in this filing?

Each restricted stock unit converts into one common share on a one-for-one basis, as stated in the filing.

Who signed the Form 4 and when was it filed?

Signed by Bryan Tham as attorney-in-fact for Gerald Held and dated 09/11/2025 in the filing.