CERNUDA CESAR 4

What Happened
Cesar Cernuda, President of NetApp, was awarded 14,783 restricted stock units (RSUs) on July 1, 2026. The grant is reported as an award/other acquisition (code A) and has no purchase price listed (N/A). These RSUs are derivative awards that will convert into common stock on a one-for-one basis as they vest.

Key Details

• Transaction date: July 1, 2026; filing date: July 2, 2026 (timely filing).
• Transaction type: Award/Grant of 14,783 RSUs (derivative); price: N/A.
• Shares owned after transaction: not specified in the Form 4 filing.
• Footnotes:
  • RSUs convert into common stock on a one-for-one basis (F1).
  • Vesting: 1/8th (12.5%) vests October 15, 2026, then 1/16th (6.25%) vests quarterly thereafter for a total vesting period of 45 months, subject to continued service (F2).
• No sale, option exercise, tax-withholding sale, or 10b5-1 plan is indicated in this filing.

Context
RSU grants are compensation-based derivative awards that become actual shares only as they vest; they are not open-market purchases or sales and therefore do not directly reflect an immediate buy/sell signal. Based on the stated schedule, roughly 12.5% of the award (about 1,848 RSUs) will vest on October 15, 2026, followed by quarterly tranches of about 6.25% (≈924 RSUs) thereafter, assuming continued service.