NetApp (NTAP) VP Controller Daniel De Lorenzo Sells 252 Shares

What Happened
Daniel De Lorenzo, NetApp’s Vice President, Controller & Chief Accounting Officer, reported a sale of 252 shares of NetApp common stock on February 17, 2026. The shares were disposed at $101.84 each, for a total sale value of $25,664. This was a sale (not a purchase).

Key Details

• Transaction date: 2026-02-17; Price: $101.84 per share; Shares sold: 252; Total value: $25,664.
• Report filed: Form 4 filed February 19, 2026 (period of report: 2026-02-17).
• Shares owned after the transaction: Not specified in the provided details.
• Footnote: Sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 26, 2025.
• Filing timeliness: Filing appears timely (reported within two days of the transaction).

Context
A 10b5-1 trading plan means the sale was pre‑arranged according to a plan adopted earlier, which often indicates the trade was automated or preplanned rather than a discretionary decision made the day of the trade. Sales by officers can be routine (e.g., for diversification or liquidity) and do not by themselves indicate a change in view about the company’s prospects; purchases are generally considered a stronger positive signal.