NetApp (NTAP) VP & Controller Daniel De Lorenzo Sells 275 Shares

What Happened
Daniel De Lorenzo, Vice President, Controller & Chief Accounting Officer of NetApp (NTAP), reported the sale of 275 shares on May 18, 2026. The shares were sold at $120.00 each for a total proceeds of $33,000. This was a sale (not a purchase) and such sales are often routine; here the filing notes the trade was executed under a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-05-18; reported on Form 4 filed 2026-05-20 (timely filing).
• Transaction type/code: Sale (S) — open market or private sale.
• Shares sold: 275 at $120.00 per share; total value $33,000.
• Footnote: Trade effected under a Rule 10b5-1 plan adopted June 26, 2025 (pre-scheduled trading plan).
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context

• 10b5-1 plans allow insiders to execute pre-set trades regardless of later non-public information; sales under such plans are generally viewed as routine rather than a timely signal about company prospects.
• No option exercises, gifts, or tax-withholding transactions were reported in this filing.