NetApp Director Thomas Nevens Sells 5,940 Shares

What Happened

• Thomas Michael Nevens, a director of NetApp, sold 5,940 shares in an open-market transaction on September 11, 2026. The weighted-average price was $195.21 per share, producing proceeds of about $1,159,547. This was a sale (S) — commonly routine insider selling rather than a purchase signal.

Key Details

• Transaction date: 2026-09-11 (reported on Form 4 filed 2026-09-14 — filed timely)
• Price: weighted-average $195.21; actual sale prices ranged from $194.75 to $195.71 (footnote: breakdown by price available on request)
• Shares sold: 5,940; total proceeds ≈ $1,159,547
• Shares owned after transaction: not disclosed in the provided filing data
• Notable footnotes: F1 notes the weighted-average price and price range; no 10b5-1 plan or other trading plan was disclosed in the provided information

Context

• Sales by directors can reflect routine portfolio management or diversification; they are not by themselves evidence of company-specific positive or negative news. This filing documents an open-market sale; there is no indication in the filing that these were option exercises, gifts, or part of a prearranged trading plan.