NetApp President granted 14,783 RSUs

NetApp, Inc. President Cesar Cernuda received a grant of 14,783 restricted stock units on July 1, 2026.

Rhea-AI Filing Summary

NetApp, Inc. President Cesar Cernuda received a grant of 14,783 restricted stock units on July 1, 2026. These restricted stock units convert into common stock on a one-for-one basis, giving him rights to an equal number of NetApp common shares as they vest over time.

The award is scheduled to vest as to 1/8th (12.5%) of the shares on October 15, 2026 and 1/16th (6.25%) of the shares quarterly thereafter for a total of 45 months, subject to his continued service on each vesting date. Following this grant, his reported derivative holdings from this award total 14,783 units held directly.

Insider Trade Summary

Grant/Award: 14,783 shares

Grant/Award 1 txn

Insider CERNUDA CESAR

Role President

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	14,783	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 14,783 contracts (Direct)

Footnotes (2)

1. F1. Restricted stock units convert into common stock on a one-for-one basis.
2. F2. On July 1, 2026, the reporting person was granted 14,783 restricted stock units. Restricted stock unit awards shall vest as to 1/8th (12.5%) of the shares October 15, 2026 and 1/16th (6.25%) of the shares quarterly thereafter for a total of 45 months, subject to continued service on each applicable vesting date.

Key Figures

RSUs granted: 14,783 units Vesting initial tranche: 12.5% Ongoing vesting rate: 6.25% quarterly +2 more

5 metrics

RSUs granted 14,783 units Restricted stock unit grant on July 1, 2026

Vesting initial tranche 12.5% 1/8th of shares vest October 15, 2026

Ongoing vesting rate 6.25% quarterly 1/16th of shares vest quarterly for 45 months

Shares underlying RSUs 14,783 shares RSUs convert into common stock on a one-for-one basis

Holdings after transaction 14,783 units Total derivative holdings from this award following grant

Key Terms

Restricted stock units, one-for-one basis, vesting, grant

4 terms

Restricted stock units financial

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

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

one-for-one basis financial

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

vesting financial

"awards shall vest as to 1/8th (12.5%) of the shares October 15, 2026"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

grant financial

"the reporting person was granted 14,783 restricted stock units"

FAQ

What insider transaction did NetApp (NTAP) report for Cesar Cernuda?

NetApp reported that President Cesar Cernuda received 14,783 restricted stock units on July 1, 2026. These units are a share-based compensation award that will convert into NetApp common stock as they vest over a multi-year schedule tied to continued service.

How many NetApp (NTAP) restricted stock units were granted to the President?

Cesar Cernuda was granted 14,783 restricted stock units. Each unit represents the right to receive one NetApp common share upon vesting, so the full grant equates to 14,783 potential common shares if all vesting conditions are satisfied over time.

What is the vesting schedule for Cesar Cernuda’s NetApp (NTAP) RSU grant?

The award vests 1/8th (12.5%) of the shares on October 15, 2026, then 1/16th (6.25%) of the shares quarterly for 45 months. Vesting on each date requires continued service, spreading the grant over several years as an ongoing incentive.

Do Cesar Cernuda’s NetApp (NTAP) restricted stock units convert into common shares?

Yes. The restricted stock units convert into NetApp common stock on a one-for-one basis. This means each of the 14,783 granted units can become one common share as it vests, aligning executive compensation directly with the company’s share performance over time.

Was the NetApp (NTAP) Form 4 transaction a purchase or a compensation grant?

The Form 4 shows a compensation grant, not an open-market purchase or sale. The transaction is coded as an "A" award, reflecting a grant or other acquisition of 14,783 restricted stock units provided by NetApp as part of executive compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/02/2026 - 04:30 PM Learn about SEC filing dates

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^*

CERNUDA CESAR

(Last) (First) (Middle)

3060 OLSEN DRIVE

(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)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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

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)	07/01/2026		A		14,783		(2)	(2)	Common Shares	14,783	(1)	14,783	D

Explanation of Responses:

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

2. On July 1, 2026, the reporting person was granted 14,783 restricted stock units. Restricted stock unit awards shall vest as to 1/8th (12.5%) of the shares October 15, 2026 and 1/16th (6.25%) of the shares quarterly thereafter for a total of 45 months, subject to continued service on each applicable vesting date.

	/s/ Colin Lloyd, Attorney-in-Fact for Cesar Cernuda	07/02/2026
	** 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)