NetApp CAO Elizabeth O'Callahan Reports RSU Vesting and Routine Tax Withholding
NetApp Inc
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Filing Summary
# NetApp, Inc. (NTAP) - Form 4 Filing Summary
**Insider:** Elizabeth M O'Callahan
**Title:** EVP, Chief Admin. Officer
**Transaction Date:** 2026-10-15
### Transaction Summary
- **RSU Conversion (Code M):** Acquired 1,385 shares at $0.00
- **Tax Withholding (Code F):** Disposed of 699 shares @ $222.20 ($155,317.80)
- **Net Share Increase:** +686 shares
- **Post-Transaction Holdings:** 30,423 common shares
- **Significance:** Low (Routine vesting & tax obligations)
Comprehensive Analysis
Executive Summary
On October 19, 2026, NetApp, Inc. ($NTAP) filed a Form 4 for Elizabeth M O'Callahan, Executive Vice President and Chief Administrative Officer. The filing reported transactions executed on October 15, 2026, consisting of the vesting of restricted stock units (RSUs) and associated share withholding to satisfy tax liabilities.
Transaction Breakdown
-
Derivative Conversion (Code M):
- Shares Acquired: 1,385 Common Shares
- Price: $0.00 (1:1 conversion of RSUs)
- Underlying Award: Initial grant of 11,087 RSUs dated July 1, 2026, vesting 12.5% on October 15, 2026, and quarterly thereafter.
-
Tax Withholding Disposition (Code F):
- Shares Withheld: 699 Common Shares
- Price Per Share: $222.20
- Total Value: $155,317.80
-
Net Change in Beneficial Ownership:
- Ms. O'Callahan realized a net gain of 686 directly held common shares, bringing her total direct ownership to 30,423 shares. She also retains 9,702 unvested restricted stock units from this award.
Market Significance & Assessment
- Trading Significance: Low
- Analysis: This transaction represents routine equity compensation vesting and standard statutory tax withholding. There was no open-market discretionary buying or selling involved. As such, these transactions do not reflect insider sentiment or signal operational or financial inflection points for NetApp, Inc.
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Important Disclaimer
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