Form 4: NetApp CEO George Kurian Sells 8,500 Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
NetApp CEO George Kurian sold 8,500 common shares at an average price of $81.83 on April 21, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On April 21, 2025, George Kurian, the CEO of NetApp, Inc., sold 8,500 common shares of the company.
- The sale was executed at a weighted average price of $81.83 per share.
- The prices received ranged from $81.50 to $82.15.
- This transaction was conducted under a Rule 10b5-1 trading plan adopted on December 19, 2023.
- Following the transaction, Kurian directly owns 249,765 common shares of NetApp.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock sales by an insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The sale of shares by the CEO could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| December 19, 2023 | Date the Rule 10b5-1 trading plan was adopted by George Kurian. |
| April 21, 2025 | Date of the stock sale transaction. |
| April 23, 2025 | Date of the Form 4 filing. |
Keywords
NetApp, George Kurian, stock sale, Form 4, Rule 10b5-1, insider trading, NTAP, CEO
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