[Form 4] NetApp, Inc. Insider Trading Activity

Rhea-AI Filing Summary

NetApp CEO and Director George Kurian reported a sale of 8,750 common shares on 09/17/2025 at a price of $122.91 per share, reducing his reported holdings to 274,938 shares. The Form 4 was signed by an attorney-in-fact on 09/19/2025. The filing is a single-person report and lists Kurian as both CEO and a director.

Positive

• Reporting person retains substantial ownership: 274,938 shares remain beneficially owned after the sale
• Clear identification of roles: Form lists the reporting person as both CEO and Director

Negative

• Insider disposition: Sale of 8,750 common shares at $122.91 per share

Insights

Financial Analyst

TL;DR: Routine insider sale by the CEO reduced reported holdings but leaves a substantial residual stake.

The Form 4 documents a non-derivative sale of 8,750 NetApp common shares by George Kurian on 09/17/2025 at $122.91 per share. Post-transaction beneficial ownership is reported as 274,938 shares. This is a straightforward disclosure of an insider disposition; there are no derivative transactions or additional changes reported. The report was executed by an attorney-in-fact and filed as a single reporting person filing.

Corporate Governance Expert

TL;DR: Disclosure meets Section 16 reporting requirements and identifies the reporting person as CEO and director.

The filing properly identifies the reporting person\'s relationship to the issuer as both CEO and director and shows the required details for a Section 16 sale: transaction date, amount sold, price, and resulting beneficial ownership. The signature block indicates filing via attorney-in-fact. No amendments or additional contextual notes accompany the Form 4.

09/19/2025 - 04:30 PM

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
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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).

1. Name and Address of Reporting Person^*

Kurian George

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

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025

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	09/17/2025		S		8,750	D	$122.91	274,938	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:

	/s/ Bryan Tham, Attorney-in-Fact for George Kurian	09/19/2025
	** 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 transaction did George Kurian report on this Form 4 for NTAP?

He reported a sale of 8,750 NetApp common shares on 09/17/2025 at $122.91 per share.

How many NetApp shares does George Kurian beneficially own after the reported transaction?

The Form 4 reports 274,938 shares beneficially owned following the transaction.

What positions does the reporting person hold at NetApp according to the filing?

The filing lists the reporting person as both CEO and Director of NetApp.

When was the Form 4 signed and by whom?

The signature block shows the form was signed by Bryan Tham, Attorney-in-Fact for George Kurian on 09/19/2025.

Was this Form 4 filed by multiple reporting persons?

No. The form indicates it was filed by one reporting person.