CESAR CERNUDA - 15 Nov 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 Nov 2022
Net transactions value
-$77,510
Form type
4
Filing time
17 Nov 2022, 15:00:37 UTC
Previous filing
19 Sep 2022
Next filing
19 Dec 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 +2,231 +2.8% $0.000000 80,694 15 Nov 2022 Direct
transaction NTAP Common shares Tax liability $77,510 -1,048 -1.3% $73.96 79,646 15 Nov 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 Options Exercise $0 -2,231 -8.8% $0.000000 23,106 15 Nov 2022 Common Stock 2,231 $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 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.