[Form 4] NetApp, Inc Insider Trading Activity

Rhea-AI Filing Summary

Deborah Kerr, a director of NetApp, Inc. (NTAP), reported stock-based transactions on Form 4 that increased her direct holdings. Restricted stock units converted into 2,377 common shares on September 9, 2025, and a separate grant of 2,307 restricted stock units was recorded on September 10, 2025 that vests at the next annual meeting subject to continued board service. After the vested conversion, the filing shows the reporting person beneficially owned 25,053 common shares. The form was signed by an attorney-in-fact on behalf of Ms. Kerr on September 11, 2025.

Positive

• 2,377 RSUs vested into common shares on 09/09/2025, increasing the reporting person's direct holdings
• Beneficial ownership reported at 25,053 common shares following the vested conversion, indicating continued equity alignment
• New grant of 2,307 RSUs on 09/10/2025 to vest at the next annual meeting, supporting director retention incentives

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director equity vesting and a subsequent annual grant modestly increased direct ownership; not material to company capital structure.

The filing documents the vesting of 2,377 restricted stock units into common shares on 09/09/2025, raising Ms. Kerr's reported beneficial ownership to 25,053 shares. A follow-on grant of 2,307 RSUs on 09/10/2025 is recorded with vesting tied to the next annual meeting and continued board service. This is a standard director compensation sequence and reflects alignment with shareholder interests without indicating secondary transactions such as open-market purchases or sales.

Corporate Governance Expert

TL;DR: Standard board compensation activity: vesting plus a new annual RSU grant tied to service conditions.

The report shows customary governance practice where restricted stock units convert to common shares on vesting and new RSU grants are scheduled to vest contingent on continued service. The transactions were reported under Form 4 with an attorney-in-fact signature dated 09/11/2025. The structure indicates no immediate sale or disposition and preserves typical retention incentives for a director.

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^*

KERR DEBORAH

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

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

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	09/09/2025		M		2,377	A	(1)	25,053	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)	09/09/2025		M			2,377	(2)	(2)	Common Shares	2,377	(1)	0	D
Restricted Stock Unit	(1)	09/10/2025		A		2,307		(3)	(3)	Common Shares	2,307	(1)	2,307	D

Explanation of Responses:

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

2. On September 11, 2024, the reporting person was granted 2,377 restricted stock units, which vested on September 9, 2025, the day immediately preceding the date of the 2025 Annual Meeting of Stockholders.

3. On September 10, 2025, the reporting person was granted 2,307 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/ Bryan Tham, Attorney-in-Fact for Deborah Kerr	09/11/2025
	** 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 transactions did Deborah Kerr report on NTAP Form 4?

The filing reports the vesting conversion of 2,377 restricted stock units into common shares on 09/09/2025 and a grant of 2,307 restricted stock units on 09/10/2025.

How many NTAP shares did Deborah Kerr beneficially own after the reported transaction?

The Form 4 shows the reporting person beneficially owned 25,053 common shares following the vested conversion.

When do the newly granted 2,307 RSUs vest?

The 2,307 restricted stock units granted on 09/10/2025 vest on the day immediately preceding the next Annual Meeting of Stockholders, subject to continuous board service.

Who filed and signed the Form 4 for Deborah Kerr (NTAP)?

The Form 4 was signed by Bryan Tham, Attorney-in-Fact for Deborah Kerr on 09/11/2025.

Were there any open-market purchases or sales reported by Deborah Kerr in this filing?

No; the Form 4 reports restricted stock unit vesting and an RSU grant. There are no market purchases or sales shown.