De Lorenzo Daniel 4

What Happened
Daniel De Lorenzo, Vice President, Controller & Chief Accounting Officer of NetApp, sold 225 shares in an open-market transaction on June 1, 2026. The shares were disposed at $171.09 per share, for total proceeds of about $38,495. The sale was reported on a Form 4 filed June 3, 2026.

Key Details

• Transaction date: June 1, 2026 — Sale (code S) of 225 shares at $171.09 per share.
• Total value: Approximately $38,495.
• Filing: Form 4 filed June 3, 2026 (covers period of report 2026-06-01). No late filing is indicated.
• Shares owned after transaction: Not specified in the excerpted filing.
• Footnotes:
  • F1: The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 26, 2025 (pre-specified trading plan).
  • F2: The filing also notes 225 shares were purchased under the NetApp Employee Stock Purchase Plan on May 29, 2026 (purchase price $83.9545/share).

Context
Sales by executives can be routine (e.g., planned disposals under 10b5-1 plans or to cover tax/ESPP transactions) and don’t necessarily signal a change in view of the company. This transaction was executed under a pre-existing 10b5-1 plan; the filing also references a recent ESPP purchase of the same number of shares five days earlier.