NetApp (NTAP) President Cesar Cernuda Sells 2,608 Shares

What Happened

• Cesar Cernuda, President of NetApp (NTAP), sold a total of 2,608 shares in open-market transactions on August 17, 2026, for aggregate proceeds of approximately $533,290. The sales were: 1,192 shares at a weighted average $203.63 ($242,727); 495 shares at $204.36 ($101,158); 821 shares at $205.56 ($168,765); and 100 shares at $206.40 ($20,640). These were sales (not purchases or option exercises).

Key Details

• Transaction date: August 17, 2026; Form 4 filed August 19, 2026 (timely filing).
• Reported prices (weighted averages) and proceeds:
  • 1,192 sh @ $203.63 = $242,727 (actual trades ranged $203.00–$203.97)
  • 495 sh @ $204.36 = $101,158 (actual trades ranged $204.15–$204.63)
  • 821 sh @ $205.56 = $168,765 (actual trades ranged $205.10–$205.71)
  • 100 sh @ $206.40 = $20,640
• Shares owned after the transaction: not specified in the excerpt provided.
• Notable footnotes:
  • F1: Transactions were made pursuant to a Rule 10b5-1 trading plan adopted March 24, 2026 (pre-established plan).
  • F2–F4: The reported column prices are weighted averages; specific per-share sale prices within the noted $1 ranges are available on request.
• Filing timeliness: Filed two days after the trades (Aug 19 vs Aug 17), consistent with standard Form 4 timing.

Context

• These sales were executed under a 10b5-1 plan, which typically means the transactions were pre-arranged and are often routine rather than a real-time statement of insider sentiment. For retail investors, purchases tend to carry more informational weight than routine sales; this filing documents disposition of shares, not an acquisition or exercise.