NetApp exec converts 42,739 RSUs, covers taxes

NetApp, Inc. (NTAP) executive Syam Nair reported equity transactions on August 15, 2026.

Rhea-AI Filing Summary

NetApp, Inc. (NTAP) executive Syam Nair reported equity transactions on August 15, 2026. A total of 42,739 restricted stock units were converted into an equal number of common shares, and 16,818 common shares were delivered or withheld at $204.99 per share to cover exercise price or tax liability. Following the conversion, Nair held 151,533 restricted stock units. A footnote also notes a separate purchase of 379 shares at $95.4295 per share under the NetApp Employee Stock Purchase Plan on May 29, 2026.

Insider Trade Summary

42,739 shares exercised/converted

Exercise 3 txns

Insider Nair Syam

Role EVP, Chief Product Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit F1, F3	42,739	--	--
Exercise	Common Shares F1, F2	42,739	--	--
Exercise Price or Tax Liability	Common Shares	16,818	$204.99	$3.45M

Holdings After Transaction: Restricted Stock Unit — 151,533 contracts (Direct); Common Shares — 36,694 shares (Direct)

Footnotes (3)

1. F1. Restricted stock units convert into common stock on a one-for-one basis.
2. F2. Reflects 379 shares purchased at $95.4295 per share under the NetApp Employee Stock Purchase Plan on May 29, 2026.
3. F3. On August 15, 2025, the reporting person was granted 194,272 restricted stock units. Restricted stock unit awards shall vest as to 22% on the first anniversary, 29% on the second anniversary, 34% on the third anniversary and 15% on the fourth anniversary, subject to continued service on each applicable vesting date.

Key Figures

RSUs converted: 42,739 shares Shares delivered/withheld: 16,818 shares Delivery/withholding price: $204.99 per share +4 more

7 metrics

RSUs converted 42,739 shares Restricted stock units converted into common stock on August 15, 2026

Shares delivered/withheld 16,818 shares Shares delivered or withheld to cover exercise price or tax liability on August 15, 2026

Delivery/withholding price $204.99 per share Price for 16,818 common shares delivered or withheld on August 15, 2026

RSUs held after transaction 151,533 units Restricted stock units held by Syam Nair following the August 15, 2026 conversion

RSU grant size 194,272 units Restricted stock units granted on August 15, 2025 with four-year vesting

ESPP purchase shares 379 shares Shares purchased under NetApp Employee Stock Purchase Plan on May 29, 2026

ESPP purchase price $95.4295 per share Price paid for 379 shares under ESPP on May 29, 2026

Key Terms

Restricted Stock Unit, NetApp Employee Stock Purchase Plan, derivative security, tax liability

4 terms

Restricted Stock Unit financial

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

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

NetApp Employee Stock Purchase Plan financial

"purchased at $95.4295 per share under the NetApp Employee Stock Purchase Plan"

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

tax liability financial

"Payment of exercise price or tax liability by delivering or withholding securities"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider equity transactions did NTAP executive Syam Nair report on August 15, 2026?

Syam Nair reported converting 42,739 restricted stock units into common shares and delivering or withholding 16,818 common shares at $204.99 per share to cover exercise price or tax liability.

How many restricted stock units does NTAP executive Syam Nair hold after the reported transactions?

After the August 15, 2026 activity, Syam Nair held 151,533 restricted stock units. These RSUs stem from prior grants, including a 194,272-unit award with multi-year vesting tied to continued service.

What price was used for the NTAP shares delivered or withheld to cover exercise price or taxes?

For the August 15, 2026 transaction, 16,818 NTAP common shares were delivered or withheld at $204.99 per share to satisfy exercise price or tax liability obligations associated with the equity award.

Did Syam Nair make any purchases of NTAP shares under an employee stock purchase plan?

Yes. A footnote states that Nair purchased 379 NTAP shares at $95.4295 per share under the NetApp Employee Stock Purchase Plan on May 29, 2026, separate from the August 15, 2026 equity award transactions.

What are the vesting terms for Syam Nair’s 194,272 NTAP restricted stock units granted in 2025?

A 194,272-unit restricted stock grant dated August 15, 2025 vests 22% on the first anniversary, 29% on the second, 34% on the third, and 15% on the fourth, subject to continued service on each vesting date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/18/2026 - 06:30 PM EDT Learn about SEC filing dates

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^*

Nair Syam

(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 Product Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2026

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	08/15/2026		M		42,739	A	(1)	53,512(2)	D
Common Shares	08/15/2026		F		16,818	D	$204.99	36,694	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)	08/15/2026		M			42,739	(3)	(3)	Common Shares	42,739	(1)	151,533	D

Explanation of Responses:

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

2. Reflects 379 shares purchased at $95.4295 per share under the NetApp Employee Stock Purchase Plan on May 29, 2026.

3. On August 15, 2025, the reporting person was granted 194,272 restricted stock units. Restricted stock unit awards shall vest as to 22% on the first anniversary, 29% on the second anniversary, 34% on the third anniversary and 15% on the fourth anniversary, subject to continued service on each applicable vesting date.

	/s/ Colin Lloyd, Attorney-in-Fact for Syam Nair	08/18/2026
	** 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)