NetApp Director Carrie Palin Sells Over $1.08M in Common Stock

Executive Summary

On October 2, 2026, Carrie Palin, a Director at NetApp, Inc. ($NTAP), executed an open-market sale of 5,000 common shares at an average price of $216.43 per share, totaling approximately $1,082,150. Following this transaction, Palin retains direct ownership of 6,660 shares of NetApp common stock.

Key Transaction Details

• Insider Name: Carrie Palin
• Role: Director
• Security: Common Shares
• Transaction Code: S (Open-market sale)
• Shares Sold: 5,000 shares
• Execution Price: $216.43
• Total Disposition Value: $1,082,150.00
• Shares Retained: 6,660 shares
• Rule 10b5-1 Affirmation: False (sale was not executed under a pre-arranged Rule 10b5-1 trading plan)

Materiality and Context

Prior to the sale, Carrie Palin held 11,660 shares; the disposition represents approximately 42.9% of her direct equity holding in NetApp. Because the transaction exceeded $1 million, occurred without a disclosed Rule 10b5-1 plan, and represented a substantial proportion of her personal holding, it warrants a Medium trading significance rating, though direct board-level sales can also reflect portfolio diversification rather than fundamental operational concerns.