Form 4: NetApp President Cesar Cernuda Sells Shares Under 10b5-1 Trading Plan

NetApp's President, Cesar Cernuda, executed sales of common shares on March 28, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Cesar Cernuda, President of NetApp, Inc., sold common shares of the company on March 28, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on March 21, 2024.
• Two transactions occurred: the first involved the sale of 12,306 shares at a weighted average price of $89.91, and the second involved the sale of 7,390 shares at a weighted average price of $90.54.
• Following these transactions, Cernuda directly owns 11,928 common shares of NetApp.
• The prices received for the shares in the first transaction ranged from $89.40 to $90.31, and in the second transaction, from $90.35 to $90.75.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock sales by an executive, which is neither particularly positive nor negative.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates

Keywords

NetApp, Cesar Cernuda, stock sale, Form 4, Rule 10b5-1, insider trading, NTAP