NetApp CEO George Kurian Sells $7.4M in Common Stock Under 10b5-1 Plan

Executive Summary

On September 24, 2026, NetApp, Inc. ($NTAP) Chief Executive Officer and Director George Kurian executed an open-market sale of 37,000 shares of NetApp Common Stock at a price of $199.95 per share, realizing total gross proceeds of approximately $7.40 million. Following this transaction, Mr. Kurian directly holds 268,537 common shares.

Transaction Details

• Filer: George Kurian (CEO & Director)
• Security: Common Shares
• Transaction Code: S (Open-market or private sale)
• Shares Sold: 37,000
• Price per Share: $199.95
• Gross Transaction Value: $7,398,150.00
• Direct Shares Remaining: 268,537 shares

Plan & Context

Footnote disclosures indicate that the transaction was executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on June 15, 2026. Because the disposition was initiated through an automated trading program adopted over three months prior, it reflects routine liquidity and portfolio management rather than an ad-hoc discretionary trade based on recent material events. Furthermore, Mr. Kurian retains a significant equity stake in NetApp of over 268,000 shares.