NTAP insider Cesar Cernuda details RSU vesting and tax share sale

Rhea-AI Filing Summary

NetApp, Inc. (NTAP) President Cesar Cernuda reported equity award activity involving company stock. On 11/15/2025, 4,921 common shares were acquired through the vesting and conversion of restricted stock units, increasing his directly held stake to 57,035 shares before related tax transactions.

On the same date, 2,312 common shares were disposed of at a price of $109.6 per share in a transaction coded "F," reflecting shares withheld or sold to cover tax obligations, leaving him with 54,723 directly owned shares.

Several restricted stock unit grants from 2022, 2023, and 2024 partially vested, with remaining units scheduled to continue vesting quarterly over three years, subject to continued service on each applicable vesting date.

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^*

CERNUDA CESAR

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

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		4,921	A	(1)	57,035	D
Common Shares	11/15/2025		F		2,312	D	$109.6	54,723	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			1,964	(2)	(2)	Common Shares	1,964	(1)	3,928	D
Restricted Stock Unit	(1)	11/15/2025		M			1,757	(3)	(3)	Common Shares	1,757	(1)	10,538	D
Restricted Stock Unit	(1)	11/15/2025		M			1,200	(4)	(4)	Common Shares	1,200	(1)	11,996	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 31,422 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 28,101 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 19,193 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 Cesar Cernuda	11/18/2025
	** Signature of Reporting Person	Date
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FAQ

What did NetApp (NTAP) President Cesar Cernuda report on this Form 4?

The filing reports equity award activity, including the vesting of restricted stock units into common shares and a related share disposition to cover tax obligations on 11/15/2025.

How many NetApp (NTAP) shares did Cesar Cernuda acquire through vesting?

Cesar Cernuda acquired 4,921 common shares via the vesting and conversion of restricted stock units reported as transaction code "M" on 11/15/2025.

How many NetApp (NTAP) shares did Cesar Cernuda dispose of and at what price?

He disposed of 2,312 common shares in a transaction coded "F" at a price of $109.6 per share, typically indicating shares withheld or sold to satisfy tax obligations.

How many NetApp (NTAP) shares does Cesar Cernuda own after these transactions?

Following the reported transactions, Cesar Cernuda directly beneficially owns 54,723 NetApp common shares.

What restricted stock unit (RSU) grants are disclosed for NetApp (NTAP) President Cesar Cernuda?

The filing notes RSU grants made on July 1, 2022, July 13, 2023, and July 1, 2024, each vesting 25% on the first May 15 after grant and then 1/16 (6.25%) of the shares quarterly for three years, subject to continued service.

Do Cesar Cernuda’s restricted stock units convert directly into NetApp shares?

Yes. The explanation states that the restricted stock units convert into common stock on a one-for-one basis when they vest.

Is this NetApp (NTAP) Form 4 filed for a single reporting person?

Yes. The filing indicates it is a Form filed by one reporting person, covering the transactions of President Cesar Cernuda only.