NetApp CEO George Kurian Sells $7.66M in Common Stock Under 10b5-1 Plan

Insider Transaction Summary: NetApp, Inc. ($NTAP)

Overview

On September 14, 2026, NetApp Chief Executive Officer and Director George Kurian executed open-market sales totaling 40,000 shares of NetApp Common Stock, generating aggregate proceeds of approximately $7.66 million at a volume-weighted average price of $191.42 per share.

Key Transaction Details

• Filing Date: September 16, 2026
• Transaction Date: September 14, 2026
• Shares Sold: 40,000 shares across multiple execution tranches ranging from $189.70 to $194.04
• Aggregate Consideration: $7,656,794.00
• Post-Transaction Beneficial Ownership: 318,537 shares held directly
• Execution Mechanism: Pre-arranged Rule 10b5-1 trading plan adopted on June 15, 2026

Analysis & Market Significance

• Significance Level: Medium
• Context: The sale represents approximately 11.2% of Mr. Kurian's direct holdings immediately prior to the transaction. Because the divestment was executed pursuant to a Rule 10b5-1 trading plan established three months earlier, it reflects scheduled portfolio management rather than a discretionary reaction to near-term corporate developments.
• Retained Alignment: Following this transaction, Mr. Kurian continues to hold over 318,000 shares, retaining substantial direct equity alignment with NetApp shareholders valued at over $60 million at current price levels.