NetApp (NTAP) EVP Syam Nair granted shares and uses stock for taxes

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

NetApp EVP and Chief Product Officer Syam Nair reported compensation-related stock transactions involving company common shares. On May 14, 2026, he received two direct grants totaling 7,803 and 9,336 common shares at no cost, characterized as grant or award acquisitions.

On the same date, he disposed of 3,071 and 3,674 common shares at $118.58 per share through tax-withholding dispositions to satisfy exercise price or tax liabilities. Footnotes state these movements relate to the settlement of performance stock units originally granted on August 15, 2025, which convert into common stock on a one-for-one basis.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Nair Syam

Role EVP, Chief Product Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	9,336	$0.00	--
Tax Withholding	Common Shares	3,674	$118.58	$436K
Grant/Award	Common Shares	7,803	$0.00	--
Tax Withholding	Common Shares	3,071	$118.58	$364K

Holdings After Transaction: Common Shares — 9,336 shares (Direct, null)

Footnotes (1)

Represents the settlement of performance stock units originally granted on August 15, 2025 Performance stock units convert into common stock on a one-for-one basis.

Key Figures

Tax-withholding shares: 3,071 shares Additional tax-withholding shares: 3,674 shares Equity grant 1: 7,803 shares +3 more

6 metrics

Tax-withholding shares 3,071 shares Common shares disposed at $118.58 for tax or exercise obligations on May 14, 2026

Additional tax-withholding shares 3,674 shares Common shares disposed at $118.58 for tax or exercise obligations on May 14, 2026

Equity grant 1 7,803 shares Common shares granted at $0.00 per share as an award on May 14, 2026

Equity grant 2 9,336 shares Common shares granted at $0.00 per share as an award on May 14, 2026

Tax-withholding price $118.58 per share Price used for tax-withholding dispositions of common shares

Performance stock unit grant date August 15, 2025 Original grant date of performance stock units that settled into common stock

Key Terms

tax-withholding disposition, grant, award, or other acquisition, performance stock units, one-for-one basis

4 terms

tax-withholding disposition financial

"disposed of 3,071 and 3,674 common shares at $118.58 per share through tax-withholding dispositions"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

grant, award, or other acquisition financial

"received two direct grants characterized as grant or award acquisitions"

performance stock units financial

"settlement of performance stock units originally granted on August 15, 2025"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

one-for-one basis financial

"performance stock units convert into common stock on a one-for-one basis"

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Form 4 Insider Transactions: What Each Field Means →

05/18/2026 - 05:00 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^*

Nair Syam

(Last)

(First)

(Middle)

3060 OLSEN DRIVE

(Street)

SAN JOSE

CALIFORNIA

95128

(City)

(State)

(Zip)

UNITED STATES

(Country)

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 Product Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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 Shares	05/14/2026		A⁽¹⁾		9,336	A	⁽²⁾	9,336	D
Common Shares	05/14/2026		F		3,674	D	$118.58	5,662	D
Common Shares	05/14/2026		A⁽¹⁾		7,803	A	⁽²⁾	13,465	D
Common Shares	05/14/2026		F		3,071	D	$118.58	10,394	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. Represents the settlement of performance stock units originally granted on August 15, 2025

2. Performance stock units convert into common stock on a one-for-one basis.

	/s/ Dena Acevedo, Attorney-in-Fact for Syam Nair	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 transactions did NetApp (NTAP) report for Syam Nair?

NetApp reported that EVP and Chief Product Officer Syam Nair received two grants of common shares and had shares withheld to cover exercise price or tax liabilities, all dated May 14, 2026, as part of performance stock unit settlements.

How many NetApp (NTAP) shares were granted to Syam Nair in this Form 4?

Syam Nair received two direct grants of NetApp common shares: 7,803 shares and 9,336 shares, each reported at a price of $0.00 per share, reflecting equity awards rather than open-market purchases, tied to performance stock unit settlements.

Were any of Syam Nair’s NetApp (NTAP) shares sold on the open market?

The filing shows no open-market sales. Instead, 3,071 and 3,674 shares were disposed of at $118.58 per share as tax-withholding or exercise-price payments, which are administrative transactions rather than discretionary market sales of NetApp stock.

What are the performance stock units mentioned in the NetApp (NTAP) Form 4?

Footnotes explain that the reported transactions reflect settlement of performance stock units originally granted on August 15, 2025. These performance stock units convert into NetApp common stock on a one-for-one basis when vesting conditions are satisfied, triggering related tax-withholding transactions.

Did these NetApp (NTAP) insider transactions involve derivative securities?

The summarized data show only non-derivative common share entries for Syam Nair, with no remaining derivative positions listed. The activity arises from performance stock units converting one-for-one into common stock, then triggering share grants and associated tax-withholding dispositions.