NetApp CEO George Kurian Sells $2.6M in Common Stock Under Rule 10b5-1 Plan

Executive Insider Sale: NetApp, Inc. ($NTAP)

Overview

On September 21, 2026, George Kurian, Chief Executive Officer and Director of NetApp, Inc., executed an open-market sale of 13,000 shares of common stock at a weighted average price of $200.01, yielding gross proceeds of approximately $2.60 million.

Key Transaction Details

• Insider: George Kurian (CEO & Director)
• Transaction Date: September 21, 2026
• Filing Date: September 23, 2026
• Transaction Type: Open-market sale (Code S)
• Shares Disposed: 13,000
• Weighted Average Price: $200.01 (range: $200.00 – $200.45)
• Total Transaction Value: $2,600,130.00
• Post-Transaction Holdings: 305,537 shares (Direct)

Governance and Context

• Rule 10b5-1 Plan: The sale was conducted under a pre-established Rule 10b5-1 trading plan adopted on June 15, 2026.
• Ownership Impact: The sale represents approximately 4.08% of his direct equity holdings prior to the trade (318,537 shares). Kurian retains a substantial stake of 305,537 shares directly.

Significance Assessment

The transaction is rated Medium significance. While it involves the Chief Executive Officer realizing a meaningful dollar value ($2.60M), the automated nature of the pre-scheduled 10b5-1 plan and the relatively modest fraction of his total equity sold mitigate concerns of negative sentiment regarding near-term business performance.