NetApp Director Carrie Palin Files Form 144 Notice to Sell $1.08M in Stock
NetApp, Inc.
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Filing Summary
### Form 144 Notice of Proposed Sale: NetApp, Inc. (NASDAQ: NTAP)
**Filer:** Carrie Palin | **Role:** Director
**Transaction Details:**
• **Proposed Sale:** 5,000 Common Shares
• **Estimated Total Value:** $1,082,150.00 (~$216.43/share)
• **Approx. Sale Date:** October 2, 2026
• **Broker:** Morgan Stanley Smith Barney LLC
• **Nature of Shares:** Acquired via Restricted Stock grants (2023–2024)
**Significance:** Low (Routine director monetization; represents a negligible fraction of 196.4M shares outstanding)
Comprehensive Analysis
Executive Summary
On October 2, 2026, NetApp, Inc. director Carrie Palin submitted a Form 144 filing indicating a proposed sale of 5,000 shares of common stock. The aggregate estimated market value is $1,082,150.00, implying a share price of approximately $216.43.
Transaction Details
- Issuer: NetApp, Inc. (NASDAQ: NTAP)
- Reporting Person: Carrie Palin (Director)
- Securities Offered: 5,000 Common shares
- Aggregate Market Value: $1,082,150.00
- Approximate Sale Date: October 2, 2026
- Origin of Shares: Acquired directly from the issuer via restricted stock vestings—1,550 shares on September 10, 2024, and 3,450 shares on September 12, 2023.
- Broker: Morgan Stanley Smith Barney LLC Executive Financial Services
Market Context & Assessment
With 196,419,005 shares outstanding, the proposed liquidation of 5,000 shares accounts for roughly 0.0025% of the total float. Form 144 filings of this magnitude by non-executive board members typically reflect standard equity portfolio management or tax liquidity events following restricted stock vesting. This transaction carries minimal market impact and low trading significance.
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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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