Kurian George 4

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.