NetApp CEO George Kurian Files Form 144 for $7.66M Common Stock Sale
NetApp, Inc.
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Filing Summary
Form 144 Notice: NetApp, Inc. ($NTAP) Insider: George Kurian (Officer & Director) Proposed Sale: 40,000 Common Shares Market Value: ~$7,656,847.50 ($191.42/share) Broker: Morgan Stanley Smith Barney LLC Plan Adoption Date: June 15, 2026
Comprehensive Analysis
Insider Filing Analysis: Form 144 Notice of Proposed Sale
NetApp, Inc. (NASDAQ: NTAP) CEO and Director George Kurian has filed a Form 144 indicating a proposed sale of 40,000 shares of common stock with an aggregate market value of approximately $7,656,847.50 (approx. $191.42 per share).
Key Details:
- Filer: George Kurian (Officer / Director)
- Shares to be Sold: 40,000 shares
- Estimated Aggregate Market Value: $7,656,847.50
- Approximate Sale Date: September 14, 2026
- Shares Outstanding: 196,419,005
- Rule 10b5-1 Plan Adoption Date: June 15, 2026
- Securities Origin: Performance and restricted stock vesting between May 15, 2024, and February 15, 2025.
Significance:
- Trading Plan: The proposed sale is executed pursuant to a pre-scheduled Rule 10b5-1 trading plan adopted on June 15, 2026, which reduces concerns of opportunistic selling.
- Volume Impact: The 40,000 shares represent roughly 0.02% of total shares outstanding, posing negligible dilution or liquidity pressure.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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