NetApp (NTAP) CFO Wissam Jabre Exercises RSUs; 684 Shares Withheld

What Happened

• Wissam G. Jabre, EVP and Chief Financial Officer of NetApp (NTAP), had 1,356 restricted stock units (RSUs convert 1:1) convert into common shares on August 15, 2026. To cover taxes, 684 of those shares were withheld/sold at $204.99 per share for approximately $140,213, leaving a net 672 shares delivered to Jabre.

Key Details

• Transaction date: August 15, 2026; Form filed August 18, 2026 (appears timely).
• Reported entries: two "M" codes (exercise/conversion of derivative) for 1,356 shares and an "F" code (tax withholding) disposing 684 shares at $204.99 for $140,213.
• Net shares retained from this vesting: 672 (1,356 converted − 684 withheld).
• Shares owned after the transaction: not specified in the excerpted filing.
• Relevant footnotes: F1 confirms RSUs convert one-for-one to common stock; F3 notes the RSU grant (21,696 units on July 1, 2025) and vesting schedule (25% vested May 15, 2026; then 6.25% quarterly thereafter). F2 references a separate ESPP purchase of 134 shares on May 29, 2026.
• Transaction codes explained: M = exercise/conversion of derivative (RSU vesting here); F = withholding/sale to cover taxes.

Context

• This appears to be a routine RSU vesting event with shares withheld to satisfy tax withholding rather than an open-market sale. Such withholding is common and generally reflects standard tax-payment mechanics for equity compensation, not necessarily a trading signal.