NetApp (NTAP) CEO Kurian settles performance awards, withholds shares for taxes

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

NetApp, Inc. CEO George Kurian reported equity compensation activity involving performance-based awards and related tax withholding. On May 14, 2026, he acquired 70,060 and 57,027 NetApp common shares at no cost through grant/award acquisitions, tied to performance stock units.

To cover tax liabilities, Kurian had 35,332 and 28,759 common shares withheld at $118.58 per share as tax-withholding dispositions, rather than selling shares in the open market. Following these transactions, he directly holds 339,657 NetApp common shares. Footnotes indicate the settlements relate to performance stock units originally granted on July 13, 2023, which convert into common stock on a one-for-one basis.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Kurian George

Role CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	57,027	$0.00	--
Tax Withholding	Common Shares	28,759	$118.58	$3.41M
Grant/Award	Common Shares	70,060	$0.00	--
Tax Withholding	Common Shares	35,332	$118.58	$4.19M

Holdings After Transaction: Common Shares — 339,657 shares (Direct, null)

Footnotes (1)

Represents the settlement of performance stock units originally granted on July 13, 2023. Performance stock units convert into common stock on a one-for-one basis.

Key Figures

Shares acquired via award (lot 1): 70,060 shares Shares acquired via award (lot 2): 57,027 shares Shares withheld for taxes (lot 1): 35,332 shares +5 more

8 metrics

Shares acquired via award (lot 1) 70,060 shares Grant/award acquisition of common shares on May 14, 2026

Shares acquired via award (lot 2) 57,027 shares Second grant/award acquisition on May 14, 2026

Shares withheld for taxes (lot 1) 35,332 shares Tax-withholding disposition at $118.58 per share

Shares withheld for taxes (lot 2) 28,759 shares Additional tax-withholding disposition at $118.58 per share

Tax-withholding price $118.58 per share Price used for tax-withholding dispositions

Direct holdings after transactions 339,657 shares NetApp common shares held directly after latest reported transaction

Tax-withholding share total 64,091 shares Aggregate shares withheld for tax obligations per transaction summary

Award-related acquisition count 2 transactions Grant/award acquisitions reported for May 14, 2026

Key Terms

performance stock units, tax-withholding disposition, grant/award acquisition, Common Shares, +1 more

5 terms

performance stock units financial

"Represents the settlement of performance stock units originally granted on July 13, 2023."

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

grant/award acquisition financial

"transaction_action": "grant/award acquisition""

Common Shares financial

"security_title": "Common Shares""

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

payment of exercise price or tax liability by delivering securities financial

"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""

Form 4 Insider Transactions: What Each Field Means →

05/18/2026 - 05:00 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
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^*

Kurian George

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	05/14/2026		A⁽¹⁾		57,027	A	⁽²⁾	339,657	D
Common Shares	05/14/2026		F		28,759	D	$118.58	310,898	D
Common Shares	05/14/2026		A⁽¹⁾		70,060	A	⁽²⁾	380,958	D
Common Shares	05/14/2026		F		35,332	D	$118.58	345,626	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents the settlement of performance stock units originally granted on July 13, 2023.

2. Performance stock units convert into common stock on a one-for-one basis.

	/s/ Dena Acevedo, Attorney-in-Fact for George Kurian	05/18/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did NetApp (NTAP) CEO George Kurian report in this Form 4?

George Kurian reported equity compensation activity, including grants of NetApp common shares from performance stock units and share withholding to pay taxes. These transactions reflect award settlement and tax obligations, not open-market buying or selling of NetApp stock.

How many NetApp (NTAP) shares did the CEO acquire in awards?

George Kurian acquired 70,060 and 57,027 NetApp common shares at no cost through grant or award acquisitions. These shares came from performance stock units converting into stock, representing compensation rather than open-market purchases.

How many NetApp (NTAP) shares were withheld for taxes in this filing?

To satisfy tax liabilities, 35,332 and 28,759 NetApp common shares were withheld. The withholding price reported was $118.58 per share, indicating a non-market disposition used to cover tax obligations on the vested performance awards.

What is George Kurian’s NetApp (NTAP) shareholding after these transactions?

After the reported award settlements and tax withholdings, George Kurian directly holds 339,657 NetApp common shares. This figure reflects his updated direct ownership position as disclosed in the latest line of the Form 4 transaction table.

What are performance stock units in the NetApp (NTAP) CEO’s Form 4?

The Form 4 notes performance stock units originally granted on July 13, 2023. These units convert into NetApp common stock on a one-for-one basis when performance and vesting conditions are met, resulting in share delivery as compensation.