CESAR CERNUDA - 15 May 2022 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
President
Signature
By: Roberta S Cohen, Attorney-in-Fact for Cesar Cernuda
Issuer symbol
NTAP
Transactions as of
15 May 2022
Net transactions value
-$152,532
Form type
4
Filing time
16 May 2022, 16:57:26 UTC
Previous filing
17 Mar 2022
Next filing
23 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Shares Options Exercise $0 +8,925 +17% $0.000000 62,432 15 May 2022 Direct
transaction NTAP Common shares Tax liability $152,532 -2,142 -3.4% $71.21 60,290 15 May 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NTAP Restricted Stock Unit Options Exercise $0 -8,925 -25% $0.000000 26,775 15 May 2022 Common Stock 8,925 $0.000000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSU Price: Restricted Stock Units convert into common stock on a one-for-one basis.
F2 On July 1, 2021, the reporting person was granted 35,700 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2022 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.