NetApp CEO George Kurian Sells 10,000 Shares Under Pre-Scheduled 10b5-1 Plan

Executive Summary

On October 1, 2026, NetApp, Inc. ($NTAP) Chief Executive Officer and Director George Kurian executed sales totaling 10,000 shares of common stock for an aggregate transaction value of approximately $2.10 million. The sales occurred in four tranches at weighted average prices ranging from $209.01 to $211.67 per share. Following these transactions, Kurian retains direct beneficial ownership of 208,537 shares.

Transaction Breakdown

• Tranche 1: 3,689 shares sold at a weighted average price of $209.01 ($771,037.89)
• Tranche 2: 3,612 shares sold at a weighted average price of $210.20 ($759,242.40)
• Tranche 3: 1,697 shares sold at a weighted average price of $210.98 ($358,033.06)
• Tranche 4: 1,002 shares sold at a weighted average price of $211.67 ($212,093.34)
• Total Disposed: 10,000 shares
• Effective Average Price: $210.04

Context & Trading Significance

The sales were executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on June 15, 2026, adhering to applicable cooling-off periods under amended SEC regulations. The disposition represents approximately 4.58% of Kurian's direct equity position prior to the sale. Because the transaction was executed through an automated plan and leaves the executive with a substantial continuing ownership stake of over 208,000 shares, the filing carries low market signaling significance.