Form 4: NetApp VP Sells 33 Shares Under 10b5-1 Plan

NetApp's VP, Controller & CAO, Daniel De Lorenzo, sold 33 common shares for $110.04 each, pursuant to a Rule 10b5-1 trading plan.

Summary

• Daniel De Lorenzo, VP, Controller & CAO of NetApp, Inc. (NTAP), reported a transaction involving the company's common shares.
• He sold 33 common shares on December 1, 2025, at a price of $110.04 per share.
• This sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by the reporting person on June 26, 2025.
• Following this reported sale transaction, the beneficial ownership of these specific securities was 0 shares.
• Separately, 33 shares were purchased at $83.9545 per share under the NetApp Employee Stock Purchase Plan on November 28, 2025.

Sentiment

Score: 5

Explanation: A Form 4 reports routine insider transactions. The reported sale was pre-planned under a 10b5-1 plan, and an employee stock purchase also occurred, leading to a neutral sentiment.

Positives

• The reporting person participated in the NetApp Employee Stock Purchase Plan (ESPP), acquiring 33 shares at a price of $83.9545 per share, demonstrating continued employee investment.

Negatives

• VP, Controller & CAO Daniel De Lorenzo disposed of 33 common shares of NetApp stock.

Future Outlook

NA

Industry Context

NA

Corporate Governance

Stakeholder Impact

• Shareholders: The sale of 33 shares by an executive is a very small transaction for a company of NetApp's size and is unlikely to have a significant impact on shareholder sentiment or the stock price, especially given it was pre-planned. The ESPP purchase indicates continued employee alignment.

Key Dates

Keywords

NetApp, NTAP, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Employee Stock Purchase Plan