NetApp (NTAP) finance VP sells 252 shares in preset 10b5-1 trade

Rhea-AI Filing Summary

NetApp, Inc. insider Daniel De Lorenzo, the company’s VP, Controller & CAO, reported an open-market sale of 252 common shares at $101.84 per share. The transaction occurred on February 17, 2026 and was reported as directly owned shares.

After this sale, the filing shows De Lorenzo holding 0 common shares. The trade was carried out under a pre-established Rule 10b5-1 trading plan that the reporting person adopted on June 26, 2025, indicating the sale was scheduled in advance rather than decided at the time of execution.

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).

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^*

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)
02/17/2026

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	02/17/2026		S(1)		252	D	$101.84	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/ Dena Acevedo, Attorney-in-Fact for Daniel De Lorenzo	02/19/2026
	** 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.

FAQ

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

NetApp reported that Daniel De Lorenzo, VP, Controller & CAO, sold 252 common shares in an open-market transaction at $101.84 per share on February 17, 2026. This Form 4 filing documents the details of that insider sale.

At what price were the NetApp (NTAP) shares sold in this Form 4?

The reported NetApp shares were sold at an average price of $101.84 per share. This figure comes directly from the Form 4 and reflects the price for the 252 common shares involved in the open-market sale.

How many NetApp (NTAP) shares does Daniel De Lorenzo hold after this transaction?

Following the reported transaction, the Form 4 shows Daniel De Lorenzo holding 0 NetApp common shares. The filing lists “0.0000” total shares following the sale, indicating no remaining directly owned common stock after this trade.

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

Yes. A footnote explains the sale was effected under a Rule 10b5-1 trading plan adopted on June 26, 2025. Such plans allow insiders to pre-schedule trades, helping separate routine transactions from discretionary trading decisions.

What role does the insider in this NetApp (NTAP) Form 4 hold?

The insider, Daniel De Lorenzo, is identified as NetApp’s VP, Controller & CAO. This officer position is disclosed in the Form 4, providing context that the transaction involves a senior finance executive at the company.

Is this NetApp (NTAP) Form 4 transaction classified as a sale or purchase?

The transaction is classified as a sale. The Form 4 uses transaction code “S” and describes it as an open-market sale, with 252 common shares sold and no indication of any share acquisitions in this particular filing.