NetApp (NTAP) Director June Yang Receives RSU Award

What Happened
June Yang, a member of NetApp's Board of Directors, was granted 1,542 restricted stock units (RSUs) on September 9, 2026. The grant is reported as a derivative award (Form 4 code A). No per-share price or immediate cash value is reported for the RSUs—value will depend on NetApp’s share price when the RSUs convert to common stock upon vesting.

Key Details

• Transaction date: September 9, 2026; Form 4 filed September 10, 2026 (filed the next day).
• Transaction type: Award/Grant of RSUs (derivative); 1,542 RSUs granted; price N/A.
• Shares owned after transaction: Not reported in the provided filing details.
• Footnotes: F1 — each RSU converts one-for-one into NetApp common stock. F2 — RSUs vest the day immediately before the next Annual Meeting of Stockholders, subject to continuous board service; vested shares will be delivered on the earlier of (i) the date the director ceases board service or (ii) a change in control.
• Filing timeliness: Appears timely (filed one day after the grant).

Context
This is a standard equity-based director compensation grant rather than an open-market purchase or sale. RSU awards are common for directors and are service- and/or event-contingent; they do not necessarily signal a buy/sell decision by the director. The RSUs will only become tradable shares if and when they vest and are delivered under the terms above.