Insider trade

Officer sold ~$2.3M of NTAP shares in the open market

Traded Jun 23, 2026 · Filed Jun 26, 2026

NetAppNTAP

~$2.3M
Reported value · 15K sh @ $154.01: 76K
Holds after · shares reported: +41.8%
stock since the trade · S&P 500 +5.6%, $157.82 → $223.77 on Oct 5

Why it stands out

NetApp's President sold $2.3M 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: Jun 23, 2026
Reporting period: Not applicable
Filed with the SEC: Jun 26, 2026

Officer$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$2,301,987

Shares × reported transaction price

Timing vs results

26 days after results of May 28, 2026, 71 days before results of Sep 2, 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 $157.82 on Jun 23, 2026, 68% above its 52-week low and 13% below its high, after a 34% rise over the previous 30 trading days

52-week range $94.11 (Jan 20, 2026) to $181.08 (Jun 3, 2026), 73% of the way up, from 251 adjusted closes. 30 trading days earlier: $118.00 on May 8, 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, 34 days before 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	+7.3%	+3.1%	+4.2%
30 days	+11.4%	+1.4%	+10.0%
90 days	+29.4%	+5.2%	+24.1%

Past results only. Not a forecast.

Source receipt

Record ID: 0001193125-26-282862
Filed / recorded: Jun 26, 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: Cesar Cernuda
Relationship: Officer
Officer title: President
Security: Common Shares
Table: Non-derivative (Table I)
Transaction date: Jun 23, 2026
Transaction code: S
Shares / units: 14,947
Price per share: $154.01
Acquired / disposed: Disposed (D)
Shares owned after: 75,693
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 March 24, 2026.
The price in Column 4 is a weighted average price of all sales by the reporting person on the transaction date within a one dollar range. The prices actually received ranged from $153.55 to $154.40. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

Around the same time

Officer sold ~$171K of NetApp

Scheduled in advance3mo ago

14KDerivative units

3mo ago

Compensation award — excluded from discretionary-purchase analysis.

More Official record

29KDerivative units

3mo ago

Compensation award — excluded from discretionary-purchase analysis.

More Official record