JABRE WISSAM G 4

What Happened

• Wissam G. Jabre, EVP & CFO of NetApp, had 5,424 restricted stock units (RSUs) convert into common stock on May 15, 2026. Of those vested shares, 2,736 were withheld/sold to cover tax withholding at $119.93 per share, generating $328,128. The vesting left a net of 2,688 shares delivered to the insider.
• The conversion of RSUs is reported under transaction code M (exercise/conversion of a derivative) and the tax withholding under code F.

Key Details

• Transaction date: 2026-05-15; Form filed: 2026-05-19 (appears to be later than the usual 2-business-day Form 4 deadline).
• Vesting/conversion: 5,424 shares (1-for-1 conversion of RSUs per footnote F1).
• Tax withholding: 2,736 shares disposed at $119.93 each for a total of $328,128 (code F).
• Net shares received by insider: 2,688 shares (5,424 vested − 2,736 withheld).
• Shares owned after transaction: not specified in the filing.
• Footnote context: These RSUs were part of a 7/1/2025 grant of 21,696 RSUs that vest 25% on May 15, 2026, then quarterly thereafter (footnote F2).

Context

• This is routine vesting of employee restricted stock units rather than an open-market purchase or voluntary sale; the withholding is a common tax-coverage mechanism (similar to a cashless exercise).
• No indication of a 10b5-1 plan or gifting; the filing appears to have been submitted after the typical two-business-day window (filed 5/19 for a 5/15 transaction).