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NetApp (NASDAQ: NTAP) CFO has 684 shares withheld at $204.99 for RSU taxes

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

Rhea-AI Filing Summary

NetApp, Inc. (NTAP) reported that EVP and CFO Wissam G. Jabre exercised 1,356 restricted stock units, which converted into 1,356 common shares. To cover the exercise price or tax obligations, 684 common shares were delivered or withheld at $204.99 per share. Following this transaction, Jabre held 14,916 restricted stock units. A prior grant of 21,696 restricted stock units vests 25% on May 15, 2026 and 6.25% quarterly thereafter over three years, subject to continued service.

Positive

  • None.

Negative

  • None.
Insider JABRE WISSAM G
Role EVP, CFO
Type Security Shares Price Value
Exercise Restricted Stock Unit F1, F3 1,356 -- --
Exercise Common Shares F1, F2 1,356 -- --
Exercise Price or Tax Liability Common Shares 684 $204.99 $140K
Holdings After Transaction: Restricted Stock Unit — 14,916 shares (Direct); Common Shares — 38,610 shares (Direct)
Footnotes (3)
  1. F1. Restricted stock units convert into common stock on a one-for-one basis.
  2. F2. Reflects 134 shares purchased at $83.9545 per share under the NetApp Employee Stock Purchase Plan on May 29, 2026.
  3. F3. On July 1, 2025, the reporting person was granted 21,696 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2026 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
RSUs exercised 1,356 restricted stock units Restricted stock units converted into common stock on August 15, 2026
Common shares acquired from RSU conversion 1,356 shares Common shares received upon RSU exercise on August 15, 2026
Shares delivered/withheld for exercise price or taxes 684 shares Code F transaction for exercise price or tax liability on August 15, 2026
Price per share for withheld shares $204.99 per share Applied to 684 common shares in Code F transaction
RSUs remaining after transaction 14,916 restricted stock units Restricted stock units held following the August 15, 2026 exercise
Original RSU grant size 21,696 restricted stock units Grant made on July 1, 2025 to Wissam G. Jabre
Initial vesting percentage 25% Portion of RSU grant vesting on May 15, 2026
Ongoing quarterly vesting rate 6.25% Portion of RSU grant vesting quarterly for three years after May 15, 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
"shares purchased at $83.9545 per share under the NetApp Employee Stock Purchase Plan"
Payment of exercise price or tax liability by delivering or withholding securities financial
"Payment of exercise price or tax liability by delivering or withholding securities"
vesting financial
"Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

What insider transaction did NTAP EVP & CFO Wissam G. Jabre report on August 15, 2026?
Wissam G. Jabre exercised 1,356 restricted stock units, receiving 1,356 NetApp (NTAP) common shares. In connection with this exercise, 684 shares were delivered or withheld to pay the exercise price or tax liability, as reflected in the Form 4 transactions.

How many NetApp (NTAP) shares were withheld for taxes or exercise price in this Form 4?
The filing shows 684 common shares of NetApp (NTAP) were delivered or withheld at $204.99 per share. These shares were used for payment of the exercise price or tax liability related to the restricted stock unit conversion.

How many restricted stock units does the NTAP CFO hold after the reported transactions?
After the August 15, 2026 exercise, Wissam G. Jabre held 14,916 restricted stock units. These units represent additional potential NetApp (NTAP) common shares that may be delivered over time as the awards continue to vest, subject to his continued service.

What are the vesting terms of the 21,696 restricted stock units granted to the NTAP CFO?
On July 1, 2025, Jabre was granted 21,696 restricted stock units. The award vests 25% on May 15, 2026, then 6.25% of the shares quarterly for three years, contingent on his continued service on each vesting date.

What does the $204.99 price represent in the NTAP Form 4 filing?
The Form 4 reports a price of $204.99 per share for 684 NetApp (NTAP) common shares. This transaction is coded "F", indicating shares were delivered or withheld to satisfy the exercise price or tax liability tied to the equity award.

Did the NTAP CFO’s transaction involve restricted stock units converting one-for-one into common shares?
Yes. A footnote states that restricted stock units convert into common stock on a one-for-one basis. Accordingly, the exercise of 1,356 restricted stock units resulted in the issuance of 1,356 NetApp (NTAP) common shares to Wissam G. Jabre.

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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*
JABRE WISSAM G
(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, CFO
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 Shares08/15/2026M1,356A(1)39,294(2)D
Common Shares08/15/2026F684D$204.9938,610D
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)08/15/2026M1,356 (3) (3)Common Shares1,356(1)14,916D
Explanation of Responses:
1. Restricted stock units convert into common stock on a one-for-one basis.
2. Reflects 134 shares purchased at $83.9545 per share under the NetApp Employee Stock Purchase Plan on May 29, 2026.
3. On July 1, 2025, the reporting person was granted 21,696 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2026 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
/s/ Colin Lloyd, Attorney-in-Fact for Wissam Jabre08/18/2026
** 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