NetApp CEO George Kurian Sells $10.5M in Common Stock Under Rule 10b5-1 Plan

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

Executive Summary

On September 29, 2026, George Kurian, Chief Executive Officer and Director of NetApp, Inc., executed an open-market sale of 50,000 shares of NetApp Common Stock. The shares were sold at a weighted average price of $209.95 (ranging from $209.95 to $209.98), resulting in gross proceeds of approximately $10,497,500.

Key Transaction Details

• Insider: George Kurian (CEO & Director)
• Transaction Date: September 29, 2026
• Filing Date: October 1, 2026
• Security: Common Shares
• Shares Sold: 50,000
• Average Price: $209.95
• Total Transaction Value: $10,497,500.00
• Remaining Direct Ownership: 218,537 shares

Context and Significance

1. Pre-Planned Execution (Rule 10b5-1): The sale was executed pursuant to a pre-scheduled Rule 10b5-1 trading plan adopted on June 15, 2026. This indicates the timing and execution were predetermined, significantly reducing potential signaling of material non-public information.
2. Retained Stake: Kurian continues to hold 218,537 direct common shares of NetApp, demonstrating substantial ongoing equity exposure and alignment with shareholders.
3. Significance Level: Assessed as Medium. While the transaction value is notable at over $10 million, the use of a Rule 10b5-1 plan and the retention of a significant majority of equity temper direct negative sentiment.