NetApp CEO George Kurian Files Form 144 to Sell $2.1M in Common Stock

Transaction Overview

On October 1, 2026, George Kurian, CEO and Director of NetApp, Inc. ($NTAP), filed a Form 144 notice disclosing an intention to sell 10,000 shares of NetApp Common Stock with an estimated aggregate market value of $2,100,396.75 (~$210.04 per share). The proposed sale is executed through Morgan Stanley Smith Barney LLC.

Origin of Securities & Trading Plan

• Acquisition Details: The 10,000 shares were acquired directly from the issuer on May 16, 2025, through performance shares.
• Rule 10b5-1 Plan: The transaction is scheduled under a pre-established Rule 10b5-1 trading plan adopted on June 15, 2026.

Prior Sales in the Past 3 Months

Mr. Kurian has engaged in substantial selling activity across September 2026 under planned transactions:

• September 29, 2026: 50,000 shares for $10,497,695.00
• September 24, 2026: 37,000 shares for $7,398,150.00
• September 21, 2026: 13,000 shares for $2,600,161.20
• September 14, 2026: 40,000 shares for $7,656,847.50
• Total Past 3-Month Proceeds: $28,152,853.70 (140,000 shares)

Market & Contextual Assessment

With 196,419,005 shares outstanding, this proposed sale represents a negligible fraction (<0.01%) of the total shares. Although insider selling by a chief executive often draws market scrutiny, the execution pursuant to a pre-arranged Rule 10b5-1 plan and regular cadence of sales indicate routine liquidity management rather than an unexpected sentiment shift.