Insider trade

Officer sold ~$118K of NTAP shares in the open market

Traded May 11, 2026 · Filed May 14, 2026

NetAppNTAP

~$118K
Reported value · 1,000 sh @ $117.73: 18K
Holds after · shares reported: +82.7%
stock since the trade · S&P 500 +3.3%, $117.73 → $215.05 on Oct 1

Why it stands out

NetApp's Chief Admin. Officer sold $118K of NetApp shares. It was planned long ago, so it says very little.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: May 11, 2026
Reporting period: Not applicable
Filed with the SEC: May 14, 2026

Officer$100K–$500KPre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$117,730

Shares × reported transaction price

Timing vs results

74 days after results of Feb 26, 2026, 17 days before results of May 28, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $117.73 on May 11, 2026, 25% above its 52-week low and 7% below its high, after a 15% rise over the previous 30 trading days

52-week range $94.11 (Jan 20, 2026) to $126.36 (Sep 18, 2025), 73% of the way up, from 251 adjusted closes. 30 trading days earlier: $102.34 on Mar 27, 2026. Describes the past only, not a forecast

Layoff notice nearby

A WARN layoff notice covering 77 workers was filed in California on May 20, 2026.

From the official state WARN list, 9 days after the trade. Shown for timing only; the two filings are separate

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+3.4%	-0.7%	+4.1%
30 days	+34.9%	+0.9%	+34.0%
90 days	+68.5%	+3.3%	+65.2%

Past results only. Not a forecast.

Source receipt

Record ID: 0001193125-26-221738
Filed / recorded: May 14, 2026, 12:30 AM UTC
Added to OQRO: Oct 2, 2026, 12:28 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: NetApp, Inc.
Issuer CIK: 1002047
Ticker: NTAP
Reporting person: Elizabeth M O'callahan
Relationship: Officer
Officer title: EVP, Chief Admin. Officer
Security: Common Shares
Table: Non-derivative (Table I)
Transaction date: May 11, 2026
Transaction code: S
Shares / units: 1,000
Price per share: $117.73
Acquired / disposed: Disposed (D)
Shares owned after: 18,382
Ownership form: Direct
Amendment: No

Footnotes from the filing

The Transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 29, 2024.

Around the same time

Officer sold ~$163K of NetApp

Scheduled in advance4mo ago

Director sold4mo ago

~$1.28MReported value · 7,132 sh @ $180.00

21K → 14K shares held−34% of their stake

A board member of NetApp sold $1.28M of NetApp shares. Nobody planned it ahead of time.

Why it stands out Official record

Officer sold ~$38K of NetApp