[SCHEDULE 13G/A] NetApp, Inc SEC Filing

Rhea-AI Filing Summary

The Vanguard Group filed a Schedule 13G reporting passive ownership of 963,170 Nabors Industries (NBR) common shares as of 30 Jun 2025. The position equals 6.13 % of NBR’s outstanding stock, placing Vanguard above the 5 % reporting threshold.

• Sole voting power: 0 shares – Vanguard does not independently vote any of the shares.
• Shared voting power: 7,940 shares.
• Sole dispositive power: 942,548 shares.
• Shared dispositive power: 20,622 shares.

The filing is made under Rule 13d-1(b) as Vanguard is an investment adviser (IA). The certification states the shares were acquired in the ordinary course of business and not to influence control of the issuer.

For investors, the key takeaway is that a large passive manager now discloses a >6 % economic stake. While this does not signal strategic intent, it highlights continued institutional interest and may enhance NBR’s trading liquidity and index eligibility.

Positive

• Vanguard discloses a 6.13 % stake, adding a well-regarded institutional holder to NBR’s shareholder base, which can improve liquidity and benchmark inclusion prospects.

Negative

• None.

Insights

Portfolio Manager

TL;DR – Vanguard’s 6.13 % passive stake signals institutional support; no control implications.

Vanguard’s disclosure confirms that a top-tier index fund manager holds a meaningful slice of Nabors Industries. As a passive IA, Vanguard is unlikely to agitate for governance changes, but its presence can tighten the float and increase index-related demand. The absence of sole voting power underscores its fiduciary structure: voting decisions often follow proxy-policy guidelines rather than activism. From a valuation standpoint, the filing neither changes cash flows nor capital structure, so I view the market impact as neutral—possibly modestly supportive due to higher institutional ownership.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 11)

NetApp Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

64110D104

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 64110D104

1

Names of Reporting Persons

The Vanguard Group

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 259,179.00
7	Sole Dispositive Power 26,681,367.00
8	Shared Dispositive Power 1,046,751.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

27,728,118.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

13.83 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: NetApp Inc
(b)	Address of issuer's principal executive offices: 3060 Olsen Drive, San Jose, CA, 95128
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd., Malvern, PA 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 64110D104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 27728118
(b)	Percent of class: 13.83 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 259179
	(iii) Sole power to dispose or to direct the disposition of: 26681367
	(iv) Shared power to dispose or to direct the disposition of: 1046751
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	07/29/2025

FAQ

How many Nabors Industries (NBR) shares does Vanguard own?

Vanguard reports 963,170 common shares beneficially owned.

What percentage of NBR’s outstanding stock is held by Vanguard?

The filing states Vanguard holds 6.13 % of the class.

Does Vanguard have voting control over the shares?

Vanguard reports 0 shares with sole voting power and 7,940 shares with shared voting power, indicating limited direct influence.

Is Vanguard’s position passive or activist?

Filed on Schedule 13G as an investment adviser (passive), Vanguard certifies it did not acquire the shares to influence control.

When was the ownership stake measured?

The ownership information is as of June 30, 2025.