NetApp Director T. Michael Nevens Sells $1.16M in Common Stock
NetApp, Inc.
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Filing Summary
NetApp, Inc. ($NTAP) Form 4: Director NEVENS THOMAS MICHAEL sold 5,940 Common Shares at an average price of $195.21 on 2026-09-11, totaling $1,159,547.40. Post-transaction holdings stand at 7,747 shares (indirectly via Trust).
Comprehensive Analysis
Insider Transaction Overview
On September 11, 2026, NetApp, Inc. ($NTAP) Director T. Michael Nevens executed an open-market sale of 5,940 Common Shares at a weighted-average price of $195.21 per share, generating gross proceeds of approximately $1.16 million.
Key Details
- Insider: Thomas Michael Nevens (Director)
- Transaction Type: Open Market Sale (Code:
S) - Execution Date: September 11, 2026
- Shares Sold: 5,940 shares
- Average Price: $195.21 (Range: $194.75 – $195.71)
- Total Value: $1,159,547.40
- Ownership Post-Sale: 7,747 shares held indirectly via The Nevens Family 1997 Trust
- Rule 10b5-1 Plan: Indicated as
falseon the filing
Position Impact
Prior to this transaction, the trust held 13,687 shares. The sale of 5,940 shares represents a reduction of approximately 43.4% in this specific indirect holding, leaving a remaining balance of 7,747 shares.
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