[Form 4] NetApp, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Daniel De Lorenzo, Vice President, Controller & Chief Accounting Officer of NetApp, Inc. (NTAP), reported a sale of 779 common shares on 09/25/2025 at a price of $121.87 per share. After this transaction the filing indicates 0 shares beneficially owned by the reporting person. The sale was executed under a Rule 10b5-1 trading plan adopted by Mr. De Lorenzo on June 26, 2025.

The Form 4 was signed by an attorney-in-fact on behalf of Mr. De Lorenzo on 09/29/2025. No derivative transactions, acquisitions, or other securities holdings are reported on this form. The disclosure is a routine insider sale identified as planned under an established trading plan.

Positive

• Transaction executed under a Rule 10b5-1 trading plan, indicating pre-established parameters for the sale dated 06/26/2025
• Timely Form 4 filing signed by attorney-in-fact on 09/29/2025 following the 09/25/2025 trade

Negative

• None.

Insights

Securities Compliance Analyst

TL;DR: Insider sale of 779 shares under a pre-established 10b5-1 plan; procedural compliance appears intact.

The filing documents a single non-derivative sale of 779 NetApp common shares at $121.87 on 09/25/2025 by the issuer's VP Controller & CAO. The seller used a Rule 10b5-1 trading plan adopted on 06/26/2025, which, if properly documented and followed, typically provides affirmative defense against insider trading claims. The Form 4 shows no remaining beneficial ownership and is signed by an attorney-in-fact on 09/29/2025, consistent with permitted filing practices. There is no indication in the form of unusual trading patterns, acquisitions, or derivative activity to suggest additional material corporate impact.

Corporate Governance Specialist

TL;DR: A routine, pre-planned insider disposition with limited material impact on investors.

The disclosure reflects a planned disposition under a 10b5-1 plan, which aligns with common corporate governance practices for officers reducing holdings. The transaction size (779 shares) is small relative to typical officer holdings in public companies, and the filing reports no other securities owned or transactions. From a governance perspective, the form meets disclosure requirements by stating the plan adoption date and transaction details; no red flags such as late disclosure or unexplained exceptions appear in the text provided.

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
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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).

1. Name and Address of Reporting Person^*

De Lorenzo Daniel

(Last) (First) (Middle)

3060 OLSEN DR

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, Controller & CAO

3. Date of Earliest Transaction (Month/Day/Year)
09/25/2025

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	09/25/2025		S(1)		779	D	$121.87	0	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.

	/s/ Bryan Tham, Attorney-in-Fact for Daniel De Lorenzo	09/29/2025
	** 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 NetApp (NTAP) insider Daniel De Lorenzo report on Form 4?

The Form 4 reports a sale of 779 common shares at $121.87 per share on 09/25/2025 executed under a Rule 10b5-1 plan.

When was the 10b5-1 trading plan adopted for the NTAP insider sale?

The Form 4 states the Rule 10b5-1 trading plan was adopted on 06/26/2025.

How many NetApp shares did the reporting person own after the reported transaction?

Following the reported sale the Form 4 indicates the reporting person beneficially owned 0 shares.

Who signed the Form 4 for Daniel De Lorenzo and when?

The Form 4 was signed by /s/ Bryan Tham, Attorney-in-Fact for Daniel De Lorenzo on 09/29/2025.

Are there any derivative or option transactions disclosed in this Form 4?

No. The filing contains no entries in Table II for derivative securities; only a single non-derivative common share sale is reported.