[Form 4] NetApp, Inc. Insider Trading Activity

Rhea-AI Filing Summary

NetApp, Inc. (NTAP) CEO and director George Kurian reported routine equity transactions involving company stock. On November 15, 2025, he acquired 7,759 common shares upon the vesting and settlement of previously granted restricted stock units, then disposed of 3,876 shares in a transaction coded "F" at $109.6 per share, typically reflecting shares withheld to cover taxes. After these transactions, he directly owned 278,821 NetApp common shares.

Related derivative entries show partial vesting of three restricted stock unit grants originally awarded on July 1, 2022, July 13, 2023, and July 1, 2024. These awards vest over four years, with 25% vesting on May 15 of the first vesting year for each grant and the remaining shares vesting in equal quarterly installments over the next three years, subject to continued service. Following the reported settlements, Kurian continued to hold significant unvested restricted stock units in each grant.

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^*

Kurian George

(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
X	Officer (give title below)		Other (specify below)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/15/2025

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
Common Shares	11/15/2025		M		7,759	A	(1)	282,697	D
Common Shares	11/15/2025		F		3,876	D	$109.6	278,821	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
Restricted Stock Unit	(1)	11/15/2025		M			2,875	(2)	(2)	Common Shares	2,875	(1)	5,752	D
Restricted Stock Unit	(1)	11/15/2025		M			2,885	(3)	(3)	Common Shares	2,885	(1)	17,313	D
Restricted Stock Unit	(1)	11/15/2025		M			1,999	(4)	(4)	Common Shares	1,999	(1)	19,993	D

Explanation of Responses:

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

2. On July 1, 2022, the reporting person was granted 46,010 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2023 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.

3. On July 13, 2023, the reporting person was granted 46,166 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2024 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.

4. On July 1, 2024, the reporting person was granted 31,988 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2025 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.

	/s/ Bryan Tham, Attorney-in-Fact for George Kurian	11/18/2025
	** 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).
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FAQ

What insider transaction did NetApp (NTAP) CEO George Kurian report?

George Kurian reported equity transactions on November 15, 2025 involving the vesting of restricted stock units that converted into 7,759 NetApp common shares and a related share disposal.

How many NetApp (NTAP) shares does the CEO own after this Form 4 filing?

After the reported transactions, George Kurian directly owned 278,821 NetApp common shares, reflecting his updated beneficial ownership position.

What was the price associated with the share disposal in the NetApp (NTAP) Form 4?

The disposal coded "F" involved 3,876 NetApp common shares at a price of $109.6 per share, which typically indicates shares withheld to satisfy tax obligations upon vesting.

What do the restricted stock unit (RSU) awards for NetApp (NTAP) CEO look like?

George Kurian received RSU grants of 46,010 units on July 1, 2022, 46,166 units on July 13, 2023, and 31,988 units on July 1, 2024, each converting into common stock on a one-for-one basis.

How do the NetApp (NTAP) CEO RSU grants vest over time?

Each RSU award vests as to 25% of the shares on May 15 of the first vesting year for that grant, and 1/16th (6.25%) of the shares vests quarterly thereafter for the next three years, subject to continued service.

What derivative securities remain for the NetApp (NTAP) CEO after the reported transactions?

After the November 15, 2025 settlements, George Kurian continued to hold restricted stock units, including 5,752, 17,313, and 19,993 units from the three respective grants listed.

Does this NetApp (NTAP) Form 4 indicate a change in the CEO’s role or status?

No role change is indicated; the filing lists George Kurian as both a director and an officer (CEO) of NetApp, and the reported activity relates to routine equity compensation and tax-related share withholding.