Form 4: NetApp Executive Daniel De Lorenzo Sells 299 Shares Under 10b5-1 Trading Plan
SEC Form 4
Daniel De Lorenzo, VP, Controller & CAO of NetApp, Inc., sold 299 shares of common stock at a price of $121.28 per share on February 19, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On February 19, 2025, Daniel De Lorenzo, VP, Controller & CAO of NetApp, Inc., sold 299 shares of the company's common stock.
- The sale was executed at a price of $121.28 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on June 25, 2024.
- Following the transaction, De Lorenzo continues to beneficially own an unspecified amount of NetApp shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Sales by company executives are a normal part of corporate activity. The use of a 10b5-1 trading plan suggests the executive is selling shares in a pre-planned manner to avoid accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| 2024-06-25 | Date the reporting person adopted a Rule 10b5-1 trading plan |
| 2025-02-19 | Date of the transaction (sale of shares) |
| 2025-02-21 | Date of the signature on the Form 4 filing |
Keywords
NetApp, Daniel De Lorenzo, Form 4, Stock Sale, 10b5-1 Trading Plan, NTAP, Insider Trading
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