NetApp, Inc.: EVP, CFO Jabre Wissam G exercised 1,732 shares

What happened Jabre Wissam G, EVP and CFO, converted 1,732 restricted stock units into common stock on Oct 15, 2026. The Form 4 reports an exercise/conversion (code M) of 1,732 shares (acquired), a tax withholding/payment (code F) of 874 shares at $222.20 for $194,203 (disposed), and a derivative disposition (code M) of 1,732 shares (disposed). Footnotes in the filing say restricted stock units convert one-for-one into common stock.

Key details

• Transaction date(s): Oct 15, 2026. Reported filing date: Oct 19, 2026.
• Prices and values: withholding reported at $222.20 per share for 874 shares, total $194,203. Exercise/conversion and the derivative disposition list price as N/A.
• Shares owned after the transaction: not specified in the provided filing data.
• Relevant footnotes from the filing: F1 — restricted stock units convert into common stock on a one-for-one basis. F2 — on Jul 1, 2026 the reporting person was granted 13,859 restricted stock units; vesting is 1/8th (12.5%) on Oct 15, 2026 and 1/16th (6.25%) quarterly thereafter for a total of 45 months, subject to continued service.
• Transaction codes reported: M = exercise/conversion of derivative, F = payment of exercise price or tax liability.

Why it may matter

• The filing shows restricted stock units converted to common stock and that some shares were withheld to satisfy tax withholding (874 shares for $194,203) while 1,732 shares were disposed on the same date.
• For derivative transactions, the Form 4 lists both the conversion/acquisition and a disposition of shares on Oct 15, 2026.
  A filing does not show why the insider traded or why the company acted.