NetApp: EVP chief product officer Nair Syam exercised 1,847 shares

What happened The Form 4 reports that Nair Syam, EVP chief product officer, had derivative transactions on Oct 15, 2026 that resulted in 1,847 shares acquired (exercise/conversion) and a matching derivative disposition of 1,847 shares. The filing also shows 727 shares were disposed to satisfy tax withholding at $222.20 per share for $161,539.

Key details

• Transaction date: Oct 15, 2026. Filing date: Oct 19, 2026.
• Transactions reported: two derivative transactions coded M (one listed as acquired 1,847 shares; one listed as disposed 1,847 shares) and one tax withholding coded F (727 shares disposed at $222.20 for $161,539).
• Shares owned after the transactions: not reported in the provided filing details.
• Footnotes: restricted stock units convert into common stock on a one-for-one basis (F1). The filing notes a grant of 14,783 restricted stock units on Jul 1, 2026 that vest 1/8th (12.5%) on Oct 15, 2026 and 1/16th (6.25%) quarterly thereafter over 45 months (F2).
• Filing timeliness: the Form 4 was filed Oct 19, 2026 for transactions on Oct 15, 2026; the filing indicates late reporting.

Why it may matter The filing shows a conversion/exercise of derivatives and that shares were surrendered to cover tax liabilities (a cashless-style settlement using shares withheld). A filing does not show why the insider traded or why the company acted.