Form 4: NetApp Executive Sells Shares Under 10b5-1 Plan

NetApp's EVP, Chief Administrative Officer, Elizabeth M. O'Callahan, sold 1,000 common shares for $123.67 each under a pre-arranged 10b5-1 trading plan.

Summary

• Elizabeth M. O'Callahan, NetApp's Executive Vice President and Chief Administrative Officer, sold 1,000 common shares of NetApp, Inc.
• The transaction occurred on September 10, 2025, at a price of $123.67 per share.
• Following this sale, O'Callahan directly beneficially owns 23,628 common shares.
• The sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by the reporting person on November 29, 2024.

Sentiment

Score: 5

Explanation: The transaction is a pre-planned insider sale under a 10b5-1 plan, which is generally considered neutral as it does not reflect new discretionary sentiment about the company's prospects.

Negatives

• The sale by an executive reduces the total number of shares directly held by an insider, although this is mitigated by the pre-planned nature of the transaction.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Elizabeth M. O'Callahan, an Executive Vice President and Chief Administrative Officer of NetApp, Inc., sold company shares, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The sale slightly reduces insider ownership, but as a pre-planned transaction, it is unlikely to signal a negative outlook on the company's future performance.

Key Dates

Recommendation

The insider sale was conducted under a pre-arranged 10b5-1 trading plan, which typically indicates a scheduled liquidity event rather than a change in the executive's outlook on the company's fundamentals. Therefore, this specific transaction does not provide a strong signal for a 'buy' or 'sell' recommendation, suggesting a 'hold' position based solely on this filing.

Keywords

NetApp, NTAP, Insider Sale, Form 4, Elizabeth O'Callahan, 10b5-1 Plan, Executive Stock Sale, Common Shares