JABRE WISSAM G 4

What Happened

• Wissam Jabre, EVP & CFO of NetApp, had 28,654 restricted stock units (RSUs) convert into common stock on April 15, 2026. To satisfy tax withholding obligations, 12,939 of those shares were withheld at a reported per-share price of $98.89, representing $1,279,538 in withheld value. The net shares delivered to Jabre were 15,715.

Key Details

• Transaction date: April 15, 2026; Form filed April 17, 2026 (timely - within the typical 2-business-day window).
• RSUs vested/converted: 28,654 shares (transaction code M — exercise/conversion of derivative).
• Shares withheld for taxes: 12,939 shares at $98.89 per share, total $1,279,538 (transaction code F — payment of tax liability via share withholding).
• Net shares received by insider: 15,715 (28,654 vested − 12,939 withheld).
• Shares owned after transaction: not specified in the provided filing summary.
• Notable footnotes:
  • F1: RSUs convert one-for-one into common stock.
  • F2: Filing also reflects 134 shares bought under the NetApp ESPP on Nov 28, 2025.
  • F3: The RSUs originated from an April 15, 2025 grant of 85,963 RSUs that vest one-third annually over three years.
• Filing timeliness: Reported on Apr 17 for an Apr 15 event — appears timely.

Context

• This was a routine RSU vesting event with a portion of shares withheld to cover taxes (common practice), not an open-market sale of shares. The derivative code (M) here indicates conversion/vesting of RSUs rather than an options exercise followed by a market sale. Tax-withholding via share retention is standard and does not, by itself, signal a change in the insider's market view.