O'Callahan Elizabeth M 4

4 · NetApp, Inc. · Filed Feb 18, 2026

AI-generated summary of this filing

Updated Feb 18, 2026

NetApp (NTAP) EVP Elizabeth O'Callahan Receives RSU Shares

What Happened

Elizabeth M. O'Callahan, EVP & Chief Administrative Officer of NetApp (NTAP), had restricted stock units (RSUs) convert into common shares on Feb 15, 2026. The filing shows 2,750 shares were acquired on conversion. To cover tax withholding and related settlements, 1,443 shares were disposed (withholding) at $98.22 per share for $141,731; three additional RSU conversions are reported as disposals of 1,047, 1,003 and 700 shares (no cash proceeds reported).

Key Details

Transaction date: 2026-02-15; Form 4 filed: 2026-02-18 (filed within typical two-business-day window).
Acquired on conversion: 2,750 shares (code M — exercise/conversion of derivative).
Withheld/disposed for taxes (code F): 1,443 shares at $98.22 = $141,731.
Additional RSU-related disposals (code M): 1,047; 1,003; and 700 shares (no sale price / cash proceeds reported in filing).
Shares owned after the transaction: not specified in the provided filing details.
Footnotes: F1 notes RSUs convert 1-for-1 into common stock. F2–F4 list prior RSU grants (July 2022, July 2023, July 2024) and their vesting schedules — these likely explain the conversions reported.

Context

These entries reflect RSU vesting and share conversion, not an open-market sale or purchase. The 1,443-share disposal was a tax withholding (common with vested RSUs). The other disposals listed as derivative conversions show no cash amount reported and likely reflect share settlement mechanics rather than sales to third parties. This is routine equity compensation activity by an executive, not necessarily a signal of intent to buy or sell additional shares.

Form 4

Period: 2026-02-15

EVP, Chief Admin. Officer

Transactions

Exercise/Conversion
Common Shares
[F1]
2026-02-15+2,750→ 22,825 total
Tax Payment
Common Shares
2026-02-15$98.22/sh−1,443$141,731→ 21,382 total
Exercise/Conversion
Restricted Stock Unit
[F1][F2]
2026-02-15−1,047→ 1,048 total
→ Common Shares (1,047 underlying)
Exercise/Conversion
Restricted Stock Unit
[F1][F3]
2026-02-15−1,003→ 5,019 total
→ Common Shares (1,003 underlying)
Exercise/Conversion
Restricted Stock Unit
[F1][F4]
2026-02-15−700→ 6,298 total
→ Common Shares (700 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 16,758 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 16,058 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 11,195 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 Elizabeth M O'Callahan|2026-02-18

1 file