NetApp (NTAP) EVP O'Callahan sells 1,000 shares in Rule 10b5-1 plan trade

Rhea-AI Filing Summary

NetApp, Inc. executive Elizabeth M. O'Callahan, EVP and Chief Administrative Officer, completed an open-market sale of 1,000 Common Shares at $96.25 per share on April 10, 2026. After the transaction, she directly held 19,382 shares. The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on November 29, 2024, indicating it was scheduled in advance rather than timed opportunistically.

Insights

Equity compensation and insider-trading analyst

Small, pre-planned executive share sale under a Rule 10b5-1 plan.

EVP and Chief Administrative Officer Elizabeth M. O'Callahan executed an open-market sale of 1,000 Common Shares of NetApp, Inc. at $96.25 per share on April 10, 2026. The security is a non-derivative common share position.

Following the sale, she directly held 19,382 shares, so the transaction represents only a small portion of her disclosed holdings. There are no derivative positions listed, suggesting this filing reflects only common stock activity, not option exercises or conversions.

A footnote states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted on November 29, 2024. Such plans pre-schedule trades, which typically makes the timing less informative about the insider’s current view of the stock. Overall, this looks like a routine, low-impact liquidity transaction.

Insider Trade Summary 10b5-1

Net Seller: 1,000 shares ($96,250)

Net Sell 1 txn

Insider O'Callahan Elizabeth M

Role EVP, Chief Admin. Officer

Sold 1,000 shs ($96K)

Type	Security	Shares	Price	Value
Sale	Common Shares	1,000	$96.25	$96K

Holdings After Transaction: Common Shares — 19,382 shares (Direct)

Footnotes (1)

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Key Figures

Shares sold: 1,000 shares Sale price: $96.25 per share Shares held after sale: 19,382 shares +1 more

4 metrics

Shares sold 1,000 shares Open-market sale on April 10, 2026

Sale price $96.25 per share Price for the 1,000 shares sold

Shares held after sale 19,382 shares Direct ownership following the transaction

Net shares sold 1,000 shares Net sell direction per transaction summary

Key Terms

Rule 10b5-1 trading plan, open-market sale, Common Shares, non-derivative

4 terms

Rule 10b5-1 trading plan regulatory

"The Transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action: "open-market sale" for 1,000 Common Shares"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Shares financial

"security_title: "Common Shares" in the non-derivative transaction"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

non-derivative financial

"transaction_type: "non-derivative" for the reported security"

Form 4 Insider Transactions: What Each Field Means →

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).

X

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^*

O'Callahan Elizabeth M

(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)
	EVP, Chief Admin. Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

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	04/10/2026		S(1)		1,000	D	$96.25	19,382	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 on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 29, 2024.

	/s/ Dena Acevedo, Attorney-in-Fact for Elizabeth M O'Callahan	04/14/2026
	** 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)

FAQ

What did NetApp (NTAP) executive Elizabeth O'Callahan do in this Form 4 filing?

Elizabeth O'Callahan, NetApp's EVP and Chief Administrative Officer, reported selling 1,000 Common Shares. The shares were sold in an open-market transaction at $96.25 per share, and the sale was disclosed as a routine insider trade in the Form 4.

How many NetApp (NTAP) shares did Elizabeth O'Callahan sell and at what price?

She sold 1,000 NetApp Common Shares at a price of $96.25 per share. This open-market transaction reflects a relatively small sale size for a senior executive, rather than a large-scale disposal of her equity position.

How many NetApp (NTAP) shares does Elizabeth O'Callahan hold after this transaction?

After the sale, Elizabeth O'Callahan directly holds 19,382 NetApp Common Shares. This post-transaction balance shows she continues to maintain a meaningful equity stake in the company even after the reported open-market sale.

Was the NetApp (NTAP) insider sale made under a Rule 10b5-1 trading plan?

Yes. The filing notes the transaction was effected under a Rule 10b5-1 trading plan adopted on November 29, 2024. Such pre-arranged plans schedule trades in advance, which typically reduces the significance of the exact timing of the sale.

Does the NetApp (NTAP) Form 4 involve options or only common stock?

This Form 4 reports a transaction in NetApp Common Shares only. The insider data show a non-derivative security titled “Common Shares” and there is no remaining derivative position listed in the derivative summary for this filing.