Form 4: NetApp Executive Elizabeth O'Callahan Sells 452 Shares Under 10b5-1 Trading Plan
SEC Form 4
Elizabeth O'Callahan, EVP and Chief Legal Officer of NetApp, Inc., sold 452 shares of common stock at a price of $133.07 per share on July 10, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On July 10, 2024, Elizabeth M O'Callahan, the EVP and Chief Legal Officer of NetApp, Inc., sold 452 shares of the company's common stock.
- The sale was executed at a price of $133.07 per share.
- This transaction was conducted under a Rule 10b5-1 trading plan adopted on December 20, 2023.
- Following the transaction, O'Callahan directly owns 11,886 shares of NetApp common stock.
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 contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Executive stock sales are a common occurrence, and sales under 10b5-1 plans are generally viewed as less impactful since they are pre-scheduled and designed to avoid insider trading concerns. The sale represents a very small percentage of the executive's holdings.
Key Dates
| Date | Description |
|---|---|
| 2023-12-20 | Date the reporting person adopted a Rule 10b5-1 trading plan |
| 2024-07-10 | Date of the transaction (stock sale) |
| 2024-07-12 | Date of the signature on the Form 4 filing |
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