NetApp: EVP Elizabeth M O'Callahan exercised 1,385 shares

What happened

• Elizabeth M O'Callahan, EVP, Chief Admin. Officer, converted 1,385 derivative instruments into common stock on Oct 15, 2026. The filing shows 699 shares were withheld to satisfy tax withholding at $222.20 per share for $155,318. The Form 4 also lists a derivative disposition of 1,385 shares on the same date.

Key details

• Transaction date: Oct 15, 2026. Tax withholding price: $222.20 per share; total withholding value: $155,318.
• Shares acquired: 1,385 (conversion of derivative). Shares disposed/withheld: 699 (tax withholding) and a listed derivative disposition of 1,385.
• Shares owned after the transaction: not stated in this Form 4.
• Footnotes: F1 confirms restricted stock units convert into common stock on a one-for-one basis. F2 notes a grant of 11,087 restricted stock units on Jul 1, 2026, with vesting beginning Oct 15, 2026 and continuing quarterly over 45 months.
• Filing date: Oct 19, 2026; Form 4 was filed within the required 2 business days following the transaction.

Why it may matter

• The filing shows restricted stock units converted to shares and that 699 shares were withheld to satisfy tax withholding (a sell-to-cover style withholding).
• This is a conversion/withholding event reported on Form 4; the filing does not show why the insider traded or why the company acted.