O'Callahan Elizabeth M 4

What Happened Elizabeth M. O'Callahan, NetApp's Executive Vice President and Chief Administrative Officer, sold 1,000 shares on 2026-06-10 at $163.48 per share, generating proceeds of $163,480. The Form 4 reporting this transaction was filed on 2026-06-12.

Key Details

• Transaction date and price: 2026-06-10, sale of 1,000 shares at $163.48 each (total $163,480). (Transaction code: S = Sale.)
• Filing date and timeliness: Form 4 filed 2026-06-12; appears timely (within the typical 2-business-day reporting window).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 29, 2024 (preplanned sale).
  • F2: The filing also reflects a separate purchase of 212 shares at $83.9545 each under NetApp's Employee Stock Purchase Plan on May 29, 2026.

Context

• Because this sale was executed under a pre-established 10b5-1 plan, it was preplanned rather than necessarily a discretionary trade; such sales are commonly routine and should not be read on their own as a signal of insider sentiment.
• For retail investors: purchases often carry more direct informational weight than routine, preplanned sales. This single planned sale does not by itself indicate a change in the insider’s view of NetApp.