NetApp director reports RSU vesting, new grant

NetApp director Thomas Michael Nevens reported RSU vesting into a family trust and a new RSU grant tied to the next annual meeting.

Rhea-AI Filing Summary

NetApp, Inc. (NTAP) director Thomas Michael Nevens reported equity award and vesting activity involving restricted stock units tied to NetApp common shares. On September 8, 2026, 2,914 restricted stock units vested and were converted into 2,914 common shares held indirectly through The Nevens Family 1997 Trust, which then held 13,687 shares. On September 9, 2026, he received a new grant of 1,948 restricted stock units that will vest on the day immediately preceding the next Annual Meeting of Stockholders, subject to his continuous service on the board. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

2,914 shares exercised/converted

Exercise 3 txns

Insider NEVENS THOMAS MICHAEL

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit F1, F3	1,948	--	--
Exercise	Restricted Stock Unit F1, F2	2,914	--	--
Exercise	Common Shares F1	2,914	--	--

Holdings After Transaction: Restricted Stock Unit — 1,948 contracts (Direct); Common Shares — 13,687 shares (Indirect, The Nevens Family 1997 Trust)

Footnotes (3)

1. F1. Restricted stock units convert into common stock on a one-for-one basis.
2. F2. On September 10, 2025, the reporting person was granted 2,914 restricted stock units, which vested on September 8, 2026, the day immediately preceding the date of the 2026 Annual Meeting of Stockholders.
3. F3. On September 9, 2026, the reporting person was granted 1,948 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.

Key Figures

RSUs vested: 2,914 units New RSU grant: 1,948 units Indirect common shares held: 13,687 shares +2 more

5 metrics

RSUs vested 2,914 units Restricted stock units vested and converted into common shares on September 8, 2026

New RSU grant 1,948 units Restricted stock units granted on September 9, 2026 to vest before the next annual meeting

Indirect common shares held 13,687 shares Common shares held by The Nevens Family 1997 Trust after the September 8, 2026 conversion

RSU grant date (prior award) September 10, 2025 Date 2,914 restricted stock units were originally granted before vesting in 2026

Annual meeting reference date 2026 Annual Meeting Prior RSU award vested the day before the 2026 Annual Meeting of Stockholders

Key Terms

Restricted stock units, Annual Meeting of Stockholders, continuous service

3 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.

Annual Meeting of Stockholders regulatory

"the day immediately preceding the date of the 2026 Annual Meeting of Stockholders"

continuous service other

"subject to the reporting person's continuous service on the Board through such date"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity transactions did NTAP director Thomas Michael Nevens report on this Form 4?

He reported vesting of 2,914 restricted stock units into common shares on September 8, 2026 and a new grant of 1,948 restricted stock units on September 9, 2026, all relating to NetApp, Inc. common stock.

How many NetApp (NTAP) shares does The Nevens Family 1997 Trust hold after these transactions?

After the September 8, 2026 conversion, The Nevens Family 1997 Trust held 13,687 common shares of NetApp, Inc., reported as indirect ownership by director Thomas Michael Nevens.

When did Thomas Michael Nevens’ previously granted NetApp (NTAP) RSUs vest?

The 2,914 restricted stock units granted on September 10, 2025 vested on September 8, 2026, which was the day immediately preceding the date of NetApp’s 2026 Annual Meeting of Stockholders.

What are the vesting terms of the new NetApp (NTAP) RSU grant to Thomas Michael Nevens?

The 1,948 restricted stock units granted on September 9, 2026 vest on the day immediately preceding the next Annual Meeting of Stockholders, subject to his continuous service on the board through that date.

Do Thomas Michael Nevens’ NetApp (NTAP) RSUs convert into shares on a one-for-one basis?

Yes. The filing states that restricted stock units convert into common stock on a one-for-one basis, so each vested unit results in one NetApp common share.

Were Thomas Michael Nevens’ NetApp (NTAP) transactions under a Rule 10b5-1 plan?

No. The filing indicates that no Rule 10b5-1 trading plan is reported for these transactions by director Thomas Michael Nevens.

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

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Available on EDGAR 09/10/2026 - 05:10 PM Accepted by SEC EDGAR 09/10/2026 - 05:09 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^*

NEVENS THOMAS MICHAEL

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2026

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	09/08/2026		M		2,914	A	(1)	13,687	I	The Nevens Family 1997 Trust

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)	09/08/2026		M			2,914	(2)	(2)	Common Shares	2,914	(1)	0	D
Restricted Stock Unit	(1)	09/09/2026		A		1,948		(3)	(3)	Common Shares	1,948	(1)	1,948	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 2,914 restricted stock units, which vested on September 8, 2026, the day immediately preceding the date of the 2026 Annual Meeting of Stockholders.

3. On September 9, 2026, the reporting person was granted 1,948 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/ Colin Lloyd, Attorney-in-Fact for T. Michael Nevens	09/10/2026
	** 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)