NetApp SVP granted 6,467 restricted stock units

NetApp, Inc. reported that SVP and Chief Accounting Officer Daniel De Lorenzo received a grant of 6,467 restricted stock units.

Rhea-AI Filing Summary

NetApp, Inc. reported that SVP and Chief Accounting Officer Daniel De Lorenzo received a grant of 6,467 restricted stock units. These units convert into common stock on a one-for-one basis. The award vests 12.5% on October 15, 2026, with 6.25% vesting quarterly thereafter over a total of 45 months, subject to continued service. Following this compensation-related grant, his directly held restricted stock unit balance reported in this filing is 6,467 units.

Insider Trade Summary

Grant/Award: 6,467 shares

Grant/Award 1 txn

Insider De Lorenzo Daniel

Role SVP, Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	6,467	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 6,467 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 6,467 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

RSU grant size: 6,467 units Initial vesting tranche: 12.5% Ongoing vesting rate: 6.25% quarterly +2 more

5 metrics

RSU grant size 6,467 units Restricted stock units granted to Daniel De Lorenzo

Initial vesting tranche 12.5% Vests on October 15, 2026

Ongoing vesting rate 6.25% quarterly Thereafter for a total of 45 months

Post-grant RSU balance 6,467 units Total restricted stock units following transaction

Conversion ratio 1:1 Restricted stock units convert into common stock one-for-one

Key Terms

Restricted Stock Unit, vest, Grant, award, or other acquisition

3 terms

Restricted Stock Unit financial

"The reporting person was granted 6,467 restricted stock units."

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

vest financial

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

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

FAQ

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

What insider transaction did NetApp (NTAP) report for Daniel De Lorenzo?

NetApp reported that SVP and Chief Accounting Officer Daniel De Lorenzo received a grant of 6,467 restricted stock units. This is a compensation-related equity award, not an open-market stock purchase or sale.

How many restricted stock units did the NetApp (NTAP) executive receive?

Daniel De Lorenzo was granted 6,467 restricted stock units. These units represent a right to receive an equal number of NetApp common shares in the future, subject to the vesting schedule and continued service conditions described in the filing.

What is the vesting schedule for the 6,467 NetApp (NTAP) restricted stock units?

The 6,467 restricted stock units vest 12.5% on October 15, 2026, with 6.25% of the shares vesting quarterly thereafter for a total of 45 months. Vesting is conditioned on Daniel De Lorenzo’s continued service on each vesting date.

Do the NetApp (NTAP) restricted stock units convert into common shares?

Yes. The filing states that the restricted stock units convert into NetApp common stock on a one-for-one basis. As each portion vests, the vested units can be settled in an equal number of common shares, following the plan’s terms.

Was the NetApp (NTAP) Form 4 transaction a stock sale or purchase?

The reported Form 4 shows a grant of restricted stock units, categorized as a grant, award, or other acquisition. It is not an open-market stock purchase or sale, but a compensation-related equity award to the executive.

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

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Accepted by SEC EDGAR 07/02/2026 - 04:30 PM EDT 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^*

De Lorenzo Daniel

(Last) (First) (Middle)

3060 OLSEN DR

(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)
	SVP, Chief Accounting Officer

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		6,467		(2)	(2)	Common Shares	6,467	(1)	6,467	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 6,467 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 Daniel De Lorenzo	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)