Form 4: NetApp Executive Cesar Cernuda Reports Stock Transactions
SEC Form 4 Filing
Cesar Cernuda, President of NetApp, reports acquisition and disposal of NetApp common shares related to performance stock unit settlements.
Summary
- Cesar Cernuda, President of NetApp, filed a Form 4 detailing changes in beneficial ownership of NetApp securities.
- On May 16, 2025, Cernuda acquired 27,010 common shares through the settlement of performance stock units originally granted on July 1, 2022.
- He also acquired 32,483 common shares through the settlement of performance stock units originally granted on July 1, 2022.
- Additionally, Cernuda disposed of 12,694 shares at a price of $100.53 and 15,266 shares at a price of $100.53.
- Following these transactions, Cernuda directly owns 49,159 common shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the technology industry.
Key Dates
| Date | Description |
|---|---|
| July 1, 2022 | Original grant date of performance stock units settled on May 16, 2025 |
| May 16, 2025 | Date of stock acquisition and disposal transactions |
| May 20, 2025 | Date of Form 4 filing |
Keywords
Form 4, NetApp, Cesar Cernuda, Stock Transactions, Beneficial Ownership, NTAP, Performance Stock Units
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