O'Callahan Elizabeth M 4

What Happened
Elizabeth M. O'Callahan, EVP & Chief Administrative Officer of NetApp (NTAP), reported the sale of 1,000 shares in an open-market transaction on March 10, 2026. The shares were sold at $100.67 per share for a total proceeds of $100,670. This was a sale (not a purchase), which is often routine insider liquidity rather than a direct signal of company outlook.

Key Details

• Transaction date: 2026-03-10; Report filed on Form 4 with the SEC on 2026-03-12.
• Transaction type/code: Sale (S) — reported as an open-market or private sale.
• Price and proceeds: 1,000 shares × $100.67 = $100,670.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Transaction was effected under a Rule 10b5-1 trading plan adopted by the reporting person on November 29, 2024.
• Filing timeliness: Form 4 was filed on Mar 12 for a Mar 10 trade; the filing does not indicate it was late.

Context
A 10b5-1 plan allows insiders to sell predetermined amounts at set times and is commonly used to avoid timing questions; such sales are typically routine. For retail investors, purchases tend to be more informative about insider confidence than routine sales. This report simply documents the disposition and does not provide information about the insider’s reasoning.