Kurian George 4

4 · NetApp, Inc. · Filed Feb 18, 2026

AI-generated summary of this filing

Updated Feb 18, 2026

NetApp (NTAP) CEO Kurian George Exercises RSUs, Withholds 3,951 Shares

What Happened

Kurian George, NetApp’s CEO and a director, had restricted stock units (RSUs) convert into 7,760 shares on February 15, 2026 (reported on Form 4). To cover tax obligations, 3,951 of those shares were withheld at $98.22 per share, totaling $388,067. The filing also shows related derivative disposition entries tied to the conversion of 7,760 RSU shares.

Key Details

Transaction date: February 15, 2026.
Primary actions reported:
- M (exercise/conversion of derivative): 7,760 shares acquired (RSU conversion).
- F (payment of exercise price / tax liability): 3,951 shares withheld at $98.22/share = $388,067.
- Additional M entries show disposition of 2,876; 2,885; and 1,999 shares (these sum to 7,760 and are tied to the conversion).
Footnotes: RSUs convert one-for-one to common stock (F1). Grants referenced from 2022–2024 with standard multi-year vesting schedules (F2–F4).
Shares owned after the transaction: not specified in the provided excerpt.
Timing/filing: no late-filing flag indicated in the provided information.

Context

This appears to be routine vesting of RSUs with shares withheld to satisfy tax withholding (a common practice), not an open-market buy or sale for investment purposes. The M code entries reflect conversion of RSU/derivative awards; the F code reflects tax withholding. Such tax-withholding/disposition activity is typically administrative and does not necessarily signal a change in the insider’s view of the company.

Form 4

Period: 2026-02-15

DirectorCEO

Transactions

Exercise/Conversion
Common Shares
[F1]
2026-02-15+7,760→ 286,581 total
Tax Payment
Common Shares
2026-02-15$98.22/sh−3,951$388,067→ 282,630 total
Exercise/Conversion
Restricted Stock Unit
[F1][F2]
2026-02-15−2,876→ 2,876 total
→ Common Shares (2,876 underlying)
Exercise/Conversion
Restricted Stock Unit
[F1][F3]
2026-02-15−2,885→ 14,428 total
→ Common Shares (2,885 underlying)
Exercise/Conversion
Restricted Stock Unit
[F1][F4]
2026-02-15−1,999→ 17,994 total
→ Common Shares (1,999 underlying)

Footnotes (4)

[F1]Restricted stock units convert into common stock on a one-for-one basis.
[F2]On July 1, 2022, the reporting person was granted 46,010 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2023 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
[F3]On July 13, 2023, the reporting person was granted 46,166 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2024 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
[F4]On July 1, 2024, the reporting person was granted 31,988 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2025 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.

Signature

/s/ Dena Acevedo, Attorney-in-Fact for George Kurian|2026-02-18

1 file