NetApp Chief Accounting Officer Daniel De Lorenzo Reports Routine RSU Vesting & Tax Withholding

NetApp, Inc. ($NTAP) Form 4 Insider Filing Analysis

Summary

On October 19, 2026, Daniel De Lorenzo, SVP and Chief Accounting Officer of NetApp, Inc., filed a Form 4 disclosing transactions executed on October 15, 2026. The filing reflects the vesting of restricted stock units (RSUs) and a subsequent withholding of shares to cover tax obligations.

Key Transaction Details:

• RSU Settlement (Code M): 808 restricted stock units converted into 808 common shares on a 1-for-1 basis at $0.00.
• Tax Withholding (Code F): 287 common shares were withheld by the issuer at a price of $222.20 per share (total value of $63,771.40) to satisfy statutory tax withholding requirements.
• Ending Beneficial Ownership: Following these transactions, Daniel De Lorenzo directly holds 2,088 common shares and retains 5,659 unvested restricted stock units.

Market & Trading Significance

This transaction represents standard compensation vesting and automatic tax withholding rather than discretionary open-market buying or selling. As such, it carries Low trading significance and indicates no change in management's outlook or sentiment.