Netscout (NTCT) director sells 4,000 shares at $38.40 in 10b5-1 trade

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

NETSCOUT Systems director Michael Szabados reported an open-market sale of Common Stock. On May 15, 2026, he sold 4,000 shares at $38.40 per share. After this transaction, he directly holds 32,494 shares of NETSCOUT Common Stock. The footnotes state the sale was made under a Rule 10b5-1 trading plan that he adopted on May 23, 2025, indicating the trade was pre-scheduled rather than a discretionary market-timing decision.

Insider Trade Summary 10b5-1

Net Seller: 4,000 shares ($153,600)

Net Sell 1 txn

Insider SZABADOS MICHAEL

Role null

Sold 4,000 shs ($154K)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,000	$38.40	$154K

Holdings After Transaction: Common Stock — 32,494 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 4,000 shares Sale price: $38.40 per share Shares held after sale: 32,494 shares +2 more

5 metrics

Shares sold 4,000 shares Open-market sale on May 15, 2026

Sale price $38.40 per share Price for the 4,000-share sale

Shares held after sale 32,494 shares Direct holdings following the transaction

Net shares sold 4,000 shares Net-sell direction in transaction summary

Transaction code S Sale in open market or private transaction

Key Terms

Common Stock, 10b5-1 plan, open-market sale, Form 4, +1 more

5 terms

Common Stock financial

"The shares of Common Stock were sold pursuant to a 10b5-1 plan"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

10b5-1 plan financial

"were sold pursuant to a 10b5-1 plan adopted by the Reporting Person"

A 10b5-1 plan is a pre-arranged strategy that allows company insiders to buy or sell their shares at predetermined times and prices, even while they are aware of confidential information. It acts like a scheduled appointment for trading, helping ensure transactions happen transparently and legally, which can reassure investors that trades are not based on insider knowledge.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

net-sell financial

""netBuySellDirection": "net-sell""

Form 4 Insider Transactions: What Each Field Means →

05/18/2026 - 04:10 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^*

SZABADOS MICHAEL

(Last)

(First)

(Middle)

C/O NETSCOUT SYSTEMS, INC.

310 LITTLETON ROAD

(Street)

WESTFORD

MASSACHUSETTS

01886

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NETSCOUT SYSTEMS INC [ NTCT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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 Stock	05/15/2026		S⁽¹⁾		4,000	D	$38.4	32,494	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. The shares of Common Stock were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on May 23, 2025.

	/s/ Jeff Levinson by Power of Attorney	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 insider transaction did NETSCOUT (NTCT) report for Michael Szabados?

NETSCOUT director Michael Szabados reported selling 4,000 shares of Common Stock. The transaction was an open-market sale at $38.40 per share, documented on Form 4, and reflects an update to his direct equity holdings in the company.

At what price did Michael Szabados sell NETSCOUT (NTCT) shares?

He sold 4,000 NETSCOUT Common Stock shares at $38.40 per share. This price represents the transaction value reported on the Form 4 and is the actual per-share sale price for this specific open-market trade on May 15, 2026.

How many NETSCOUT (NTCT) shares does Michael Szabados hold after this sale?

Following the reported sale, Michael Szabados directly holds 32,494 shares of NETSCOUT Common Stock. This post-transaction holding figure is provided in the Form 4 and shows his remaining direct ownership after the 4,000-share disposition.

Was the NETSCOUT (NTCT) insider sale by Michael Szabados under a 10b5-1 plan?

Yes. The footnote explains the shares were sold under a Rule 10b5-1 plan adopted on May 23, 2025. Such plans pre-schedule trades, meaning the Form 4 sale timing was set in advance rather than decided spontaneously.

What does the Form 4 transaction code S mean in the NETSCOUT (NTCT) filing?

In this filing, transaction code S indicates an open-market sale of Common Stock. The Form 4 describes a sale of 4,000 shares at $38.40 per share, confirming this was a straightforward disposition rather than an option exercise or tax-withholding event.