NetApp, Inc. Director Thomas Michael Nevens Files Form 144 for $1.11M Share Sale
NetApp, Inc.
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Filing Summary
NetApp, Inc. (NTAP) – Form 144 Filing Alert • Insider: Thomas Michael Nevens (Director) • Filing Date: September 11, 2026 • Proposed Sale: 5,940 Common Shares (~$1,106,919) • Broker: J.P. Morgan Securities LLC • Ownership Note: Shares to be sold via The Nevens Family 1997 Trust
Comprehensive Analysis
NetApp, Inc. (NTAP) – Form 144 Analysis
Overview: On September 11, 2026, NetApp Director Thomas Michael Nevens filed a Form 144 notice indicating an intent to sell 5,940 shares of NetApp Common Stock with an estimated aggregate market value of $1,106,919 through J.P. Morgan Securities LLC.
Transaction Details:
- Shares Proposed for Sale: 5,940
- Aggregate Market Value: $1,106,919 (~$186.35 per share)
- Shares Outstanding: 194,419,005
- Source of Shares: Acquired as board compensation on September 10, 2025 (3,026 shares) and September 9, 2026 (2,914 shares).
- Beneficial Ownership: The shares will be sold by The Nevens Family 1997 Trust, with Thomas Michael Nevens acting as Trustee.
Trading Significance:
- Significance Level: Low
- The proposed sale represents a nominal fraction (<0.01%) of NetApp's total outstanding shares and reflects routine monetization of board compensation equity awards.
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Important Disclaimer
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