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Elizabeth O'Callahan sells 1,000 NTAP shares under 10b5-1 plan

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Elizabeth M. O'Callahan, NetApp's EVP, Chief Administrative Officer, reported a non-derivative sale of 1,000 common shares on 08/11/2025 at a price of $105.90 per share. After the transaction she beneficially owns 23,251 shares.

The filing notes the sale was effected pursuant to a Rule 10b5-1 trading plan adopted on November 29, 2024, indicating the transaction was pre-arranged under that plan rather than an ad hoc trade. This Form 4 documents a routine insider sale of NetApp (NTAP) common stock.

Positive

  • None.

Negative

  • None.

Insights

Insider executed a small, pre-arranged sale under a 10b5-1 plan; appears routine and non-material.

The Form 4 shows a sale of 1,000 NetApp common shares at $105.90 on 08/11/2025, leaving beneficial ownership of 23,251 shares. The reporting person is an executive officer, and the trade was made pursuant to a Rule 10b5-1 plan adopted 11/29/2024. Based solely on the disclosed figures, the transaction is a scheduled disposition and does not, by itself, indicate a change in company fundamentals or governance.

Pre-established 10b5-1 plan used for the sale; disclosure aligns with standard insider trading controls.

The filing identifies Elizabeth M. O'Callahan as the reporting officer and documents a non-derivative sale consistent with a previously adopted 10b5-1 plan. The explicit reference to the plan adoption date (November 29, 2024) provides transparency about execution authority. From a governance perspective, the disclosure adheres to routine insider-reporting practices and signals compliance with pre-arranged trading protocols.

Insider O'Callahan Elizabeth M
Role EVP, Chief Admin. Officer
Sold 1,000 shs ($106K)
Type Security Shares Price Value
Sale Common Shares 1,000 $105.90 $106K
Holdings After Transaction: Common Shares — 23,251 shares (Direct)
Footnotes (1)
  1. [object Object]
Form 4 Insider Transactions: What Each Field Means →
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).
X
 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*
O'Callahan Elizabeth M
(Last) (First) (Middle)
3060 OLSEN DRIVE
(Street)
SAN JOSE CA 95128
(City) (State) (Zip)
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 Admin. Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 08/11/2025 S(1) 1,000 D $105.9 23,251 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
Explanation of Responses:
1. The Transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 29, 2024.
/s/ Bryan Tham, Attorney-in-Fact for Elizabeth M O'Callahan 08/12/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What transaction is reported for NetApp (NTAP)?

The Form 4 reports a sale of 1,000 NetApp common shares on 08/11/2025 at $105.90 per share.

Who is the reporting person on the NTAP Form 4?

The reporting person is Elizabeth M. O'Callahan, EVP, Chief Administrative Officer of NetApp.

How many NetApp shares does the insider own after the reported transaction?

Following the reported sale the insider beneficially owns 23,251 shares.

Was the sale executed under a 10b5-1 trading plan?

Yes. The Form 4 states the transaction was effected pursuant to a Rule 10b5-1 trading plan adopted on November 29, 2024.

Does the filing report any derivative transactions?

No. The filing documents a non-derivative sale of common shares; there are no derivative securities reported in Table II.