NetApp president converts 4,402 RSUs to shares

Q: How many NetApp (NTAP) RSUs did Cesar Cernuda have convert into common shares?

Cesar Cernuda had 4,402 RSUs convert into common shares, consisting of tranches of 1,757, 1,199, and 1,446 RSUs, each converting into one NetApp common share on a one-for-one basis.

Q: At what price were NetApp (NTAP) shares delivered or withheld in Cesar Cernuda’s Form 4?

In the Form 4, 2,070 NetApp common shares were delivered or withheld at a price of $204.99 per share in a transaction coded “F” for payment of exercise price or tax liability.

Q: What do the restricted stock unit grants to Cesar Cernuda at NetApp (NTAP) look like?

Footnotes state Cernuda received RSU grants of 28,101 units (July 13, 2023), 19,193 units (July 1, 2024), and 23,142 units (July 1, 2025), each vesting 25% on a specified May 15 date, then 6.25% quarterly for three years.

Q: Does Cesar Cernuda’s NetApp (NTAP) Form 4 indicate trades under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not checked, and the footnotes do not describe a trading plan, so the reported RSU conversions and related share deliveries are not identified as occurring under a pre-arranged Rule 10b5-1 plan.

Q: Are Cesar Cernuda’s NetApp (NTAP) RSUs settled in stock or cash?

A footnote explains that the restricted stock units convert into common stock on a one-for-one basis, indicating the RSUs are settled in NetApp common shares rather than in cash upon vesting or conversion.

NetApp, Inc. (NTAP) reported insider equity activity by President Cesar Cernuda involving restricted stock units (RSUs) and common shares on August 15, 2026.

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Rhea-AI Filing Summary

NetApp, Inc. (NTAP) reported insider equity activity by President Cesar Cernuda involving restricted stock units (RSUs) and common shares on August 15, 2026. Three RSU tranches totaling 4,402 units (1,757; 1,199; 1,446) were exercised or converted into an equivalent number of common shares, as each RSU converts to common stock on a one-for-one basis. In connection with these events, 2,070 common shares were delivered or withheld at $204.99 per share for payment of exercise price or tax liability.

Insider Trade Summary

4,402 shares exercised/converted

Exercise 5 txns

Insider CERNUDA CESAR

Role President

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit ^{F1, F2}	1,757	--	--
Exercise	Restricted Stock Unit ^{F1, F3}	1,199	--	--
Exercise	Restricted Stock Unit ^{F1, F4}	1,446	--	--
Exercise	Common Shares ^F1	4,402	--	--
Exercise Price or Tax Liability	Common Shares	2,070	$204.99	$424K

Holdings After Transaction: Restricted Stock Unit — 29,578 contracts (Direct); Common Shares — 49,138 shares (Direct)

Footnotes (4)

F1. Restricted stock units convert into common stock on a one-for-one basis.
F2. On July 13, 2023, the reporting person was granted 28,101 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2024 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
F3. On July 1, 2024, the reporting person was granted 19,193 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2025 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
F4. On July 1, 2025, the reporting person was granted 23,142 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.

Key Figures

RSUs converted: 4,402 shares Shares delivered/withheld: 2,070 shares Price per share for code F transaction: $204.99 per share +4 more

7 metrics

RSUs converted 4,402 shares Total RSUs exercised or converted into NetApp common shares on August 15, 2026

Shares delivered/withheld 2,070 shares Common shares delivered or withheld for payment of exercise price or tax liability

Price per share for code F transaction $204.99 per share Per-share price for 2,070 NetApp common shares in the code F transaction

RSU grant July 13, 2023 28,101 units Restricted stock units granted to Cesar Cernuda on July 13, 2023

RSU grant July 1, 2024 19,193 units Restricted stock units granted to Cesar Cernuda on July 1, 2024

RSU grant July 1, 2025 23,142 units Restricted stock units granted to Cesar Cernuda on July 1, 2025

Quarterly vesting rate 6.25% Portion of RSU grants vesting quarterly for three years after initial 25% vesting

Key Terms

Restricted stock unit, vest, Payment of exercise price or tax liability by delivering or withholding securities, one-for-one basis

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.

vest financial

"awards shall vest as to twenty-five percent (25%) of the shares May 15, 2024"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

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

"transaction code "F" described as Payment of exercise price or tax liability"

one-for-one basis financial

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

FAQ

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

What insider transaction did NetApp (NTAP) report for Cesar Cernuda on August 15, 2026?

NetApp reported that President Cesar Cernuda exercised or converted 4,402 RSUs into common shares and had 2,070 shares delivered or withheld to cover exercise price or tax liability at $204.99 per share.

How many NetApp (NTAP) RSUs did Cesar Cernuda have convert into common shares?

Cesar Cernuda had 4,402 RSUs convert into common shares, consisting of tranches of 1,757, 1,199, and 1,446 RSUs, each converting into one NetApp common share on a one-for-one basis.

At what price were NetApp (NTAP) shares delivered or withheld in Cesar Cernuda’s Form 4?

In the Form 4, 2,070 NetApp common shares were delivered or withheld at a price of $204.99 per share in a transaction coded “F” for payment of exercise price or tax liability.

What do the restricted stock unit grants to Cesar Cernuda at NetApp (NTAP) look like?

Footnotes state Cernuda received RSU grants of 28,101 units (July 13, 2023), 19,193 units (July 1, 2024), and 23,142 units (July 1, 2025), each vesting 25% on a specified May 15 date, then 6.25% quarterly for three years.

Does Cesar Cernuda’s NetApp (NTAP) Form 4 indicate trades under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not checked, and the footnotes do not describe a trading plan, so the reported RSU conversions and related share deliveries are not identified as occurring under a pre-arranged Rule 10b5-1 plan.

Are Cesar Cernuda’s NetApp (NTAP) RSUs settled in stock or cash?

A footnote explains that the restricted stock units convert into common stock on a one-for-one basis, indicating the RSUs are settled in NetApp common shares rather than in cash upon vesting or conversion.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 08/18/2026 - 06:30 PM EDT

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^*

CERNUDA CESAR

(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)
	President

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)
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	08/15/2026		M		4,402	A	⁽¹⁾	51,208	D
Common Shares	08/15/2026		F		2,070	D	$204.99	49,138	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)
Restricted Stock Unit	⁽¹⁾	08/15/2026		M			1,757	⁽²⁾	⁽²⁾	Common Shares	1,757	⁽¹⁾	5,269	D
Restricted Stock Unit	⁽¹⁾	08/15/2026		M			1,199	⁽³⁾	⁽³⁾	Common Shares	1,199	⁽¹⁾	8,398	D
Restricted Stock Unit	⁽¹⁾	08/15/2026		M			1,446	⁽⁴⁾	⁽⁴⁾	Common Shares	1,446	⁽¹⁾	15,911	D

Explanation of Responses:

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

2. On July 13, 2023, the reporting person was granted 28,101 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2024 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.

3. On July 1, 2024, the reporting person was granted 19,193 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2025 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.

4. On July 1, 2025, the reporting person was granted 23,142 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 Cesar Cernuda	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)

Source: View Original Filing on SEC EDGAR