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NetApp (NASDAQ: NTAP) exec Syam Nair converts RSUs, buys shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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.

Positive

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Negative

  • None.
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 shares (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.
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
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

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.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Shares08/15/2026M42,739A(1)53,512(2)D
Common Shares08/15/2026F16,818D$204.9936,694D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)08/15/2026M42,739 (3) (3)Common Shares42,739(1)151,533D
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 Nair08/18/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR