NTAP NetApp, Inc. Insider Trading

NetApp President Cesar Cernuda sold 49,464 shares for $7,657,880.80 on 2026-06-23 under 10b5-1 plan adopted 2026-03-24.

Cesar Cernuda, President of NetApp, executed 4 separate sales totaling 49,464 shares for $7,657,880.80 at prices ranging from $153.00 to $155.94, reducing his holdings by 51.4% from 96,270 to 46,806 shares. This transaction was conducted under a pre-arranged 10b5-1 trading plan adopted on 2026-03-24, indicating the sales were scheduled and not discretionary. Across his same-ticker history at NTAP, prior sales have shown mixed near-term outcomes: two sales in March 2025 posted negative 30-day returns (-1.6%, -2.3%), while sales in December 2024 and September 2024 also showed negative 30-day performance (-3.0%, -2.2%). The 30-day price performance since this filing (+11.3%) falls outside typical same-ticker patterns, and the stock currently trades at $154.59, near the blended sale price of $154.82.

Director Gerald Held sold 7,132 shares of NTAP at $180.00 ($1.3M), reducing holdings by -34.1% to 13,775 shares.

Gerald Held, a director at NetApp, sold 7,132 shares on 2026-06-03 at $180.00, reducing his stake from 20,907 to 13,775 shares—a substantial -34.1% reduction. The sale occurred near the 52-week high of $192.83, with the stock currently trading at $167.04 (-13.4% from the high). Across his open-market transaction history on all tickers, Held's prior sells have posted a 90-day well-timed rate of 100.00%, indicating his past sale decisions have been followed by stock declines. The company reports a P/E of 25.12 against revenue of $1.7B and net income of $334.0M. This transaction merits scrutiny given the substantial portfolio reduction and the historical accuracy of this director's exit timing, though the trade is dated and current price action suggests near-term momentum since the 30-day and 90-day changes show +49.5% and +65.3% gains respectively from the transaction date.

CEO Kurian George sold 8,750 shares (8.8K shares) of NetApp at $122.91 on 2025-09-17, reducing holdings to 274,938 shares

CEO Kurian George conducted a single open-market sale of 8,750 shares (8.8K shares) at $122.91, reducing his NetApp position by 3.1% to 274,938 shares (274.9K shares). The sale occurred when NetApp stock was trading 4.5% below its 52-week high of $131.11, after a recent 15.4% surge over 30 days. His prior five sales at NetApp show poor timing outcomes: 0 of 3 measurable 90-day post-sale periods resulted in the stock declining (each subsequent rise indicates the sale missed gains), with most recent sales in June through August yielding post-transaction gains of 2.3% to 13.8%. This single sale represents modest portfolio activity rather than a material reduction in CEO holdings, leaving him with substantial remaining shares in the company.

CEO Kurian George sold 8,500 shares at $108.85 on 2025-08-18 (post-transaction holdings: 283.7K shares). Continued liquidation pattern.

Kurian George sold 8,500 shares of NTAP for $925,225.00, reducing his holdings by 2.9% to 283.7K shares. This is his sixth open-market sale at this ticker within four months (prior sales on 2025-07-21, 2025-06-16, 2025-05-19, 2025-05-19, and 2025-04-21), continuing a systematic liquidation pattern. Across his prior 5 measured sales at NTAP, none achieved negative 90-day returns, with three showing substantial gains (90d returns of +8.4%, +9.1%, and +32.4%), indicating his timing has not preceded price declines at this specific ticker. His cross-ticker track record shows an average 90-day return of -5.7% following 20 prior sells with a 50.00% well-timed rate, but NTAP outcomes have diverged materially from this baseline—the stock has rallied after his previous exits, not fallen. The current price of $108.42 is -18.7% from the 52-week high but +8.7% over 90 days and +0.9% over 30 days, providing context for the ongoing liquidation.

CEO George Kurian sold 8,500 NTAP shares at $108.08 on 2025-07-21; stock now at $105.88, down 20.6% from 52-week high

George Kurian (CEO) executed a single open-market sale of 8,500 shares (8.5K shares) for $918,680.00 ($918.7K), reducing his NTAP holdings from 296,805 to 288,305 shares. The transaction occurred at $108.08, above the current price of $105.88 but 20.6% below the 52-week high of $133.41. His prior trades at NTAP show mixed timing: two recent sales (June, May 2025) posted positive 30-day returns (+2.3%, +2.4%, +3.1%), while his 90-day measurable outcomes (0 of 2 prior sales) reveal neither sale preceded a decline. His cross-ticker track record shows a 58.82% well-timed rate across 20 prior sells, slightly above breakeven, with average 90-day returns of -7.7%, though the 90-day outcomes for his more recent NTAP sales remain unmeasurable. The company carries solid fundamentals: $1.6B quarterly revenue, $299.0M net income, 4.8% annual revenue growth, and a P/E of 15.87.

CEO George Kurian sold 8,500 NTAP shares at $101.78 on 2025-06-16 for $865,130.00; price now $102.75.

George Kurian, CEO of NetApp, sold 8,500 shares (8.5K shares) at $101.78 on 2025-06-16, reducing holdings from 305.3K to 296.8K shares. At his same-ticker history across 5 prior trades at NTAP, the two measurable 90-day outcomes—a sell on 2025-03-17 and another on the same date—both produced positive returns (+8.7% and +8.2%), indicating those earlier sales preceded stock gains rather than declines. His cross-ticker track record shows 20 prior sells with a 64.71% well-timed rate and average 90-day return of -9.7%, suggesting modest timing skill on aggregate. The current stock price of $102.75 is -23.7% from its 52-week high of $134.62, and NetApp's P/E of 15.40 with positive fundamentals ($1.6B latest quarterly revenue, net income of $299.0M, annual growth +4.8%) indicates the company is not in distress. The sale itself is modest in scale, reducing CEO holdings by only 2.8%, which is consistent with periodic portfolio management.

CEO Kurian George sells 8,500 NTAP shares for $850,145.06; prior 90d timing 100% well-timed at ticker.

CEO Kurian George executed 2 separate sales totaling 8,500 shares (8.5K shares) for $850,145.06 ($850.1K) at prices of $99.68 and $100.34 on 2025-05-19, reducing his holding from 313,805 to 305,305 shares. His prior 5 trades at NTAP include 2 sales with measurable 90-day outcomes, both of which were well-timed (90d returns of -15.0% and -14.4%), indicating a pattern of selling before subsequent declines at this ticker. The current price of $99.57 is -26.0% from the 52-week high and -20.1% over the past 90 days, placing the stock in a period of weakness; his cross-ticker track record shows a 90d well-timed rate of 76.47% across 20 prior sells. The combination of established timing accuracy at NTAP and the execution during downward price momentum warrants investor attention to whether this signals forward-looking concerns about near-term performance.

CEO George Kurian sells 8,500 NTAP shares at $81.83; stock down 37.0% from 52-week high, 10.8% in 30 days.

Kurian George, CEO of NetApp, sold 8,500 shares on 2025-04-21 at $81.83, reducing holdings by 3.3% to 249,765 shares. The sale occurs in a deteriorated price environment: the stock is trading 37.0% below its 52-week high of $134.62 and has declined 10.8% over the preceding 30 days and 32.8% over 90 days. His prior trades at NTAP show a pattern of selling into weakness—four of five recent trades (all within the last three months) each showed 30-day declines of 12.0% to 22.9%, though one January sale achieved a net 90-day loss of 33.5%. Across his broader cross-ticker track record, his 20 prior sells posted an average 90-day return of -10.6% with a 75.0% well-timed rate, suggesting systematic success identifying sell windows. The company's fundamentals remain moderate: P/E of 15.18, positive net income of $299.0M on revenue of $1.6B, and annual revenue growth of -1.5%.

NetApp President Cernuda sells 19,696 shares for $1.8M via scheduled 10b5-1 plan adopted March 2024

CERNUDA CESAR executed 2 separate sales totaling 19,696 shares for $1,775,523.06 at blended average price $90.15 on 2025-03-28. Post-transaction holdings declined to 11,928 shares, a -62.3% reduction from pre-transaction holdings of 31,624 shares. The sales are part of a pre-arranged 10b5-1 trading plan adopted on 2024-03-21, meaning the timing and volume were scheduled rather than discretionary. For investors, the key observation is the magnitude of the reduction in the President's stake—a sale of nearly two-thirds of his holdings—though the regulatory framework (10b5-1) removes the timing component from interpretive significance. The prescribed nature of the plan constrains inference about current conviction or market views.

Director Anders Gustafsson bought 5,524 shares ($499.6K) across 3 transactions at avg $90.44 vs current $87.84, tripling his stake to 9,072 shares.

Anders Gustafsson, a Director at NetApp, executed 3 separate open-market purchases totaling 5,524 shares for $499,597.32, increasing his holdings by 155.7% from 3,548 to 9,072 shares. The purchases occurred at prices ranging from $89.43 to $91.00, with a blended average of $90.44, while the stock currently trades at $87.84—a modest 3.0% discount to his average entry price. This transaction occurs in a challenging context: NTAP is down 34.8% from its 52-week high of $134.62 and down 24.3% over the past 90 days, with annual revenue declining 1.5% year-over-year. Notably, Gustafsson's cross-ticker track record shows a 0.00% 90-day win rate across 5 prior buys (averaging -17.0% 90-day return), suggesting his historical open-market buys have not preceded near-term appreciation. The scale of this accumulation—more than doubling a director's position—warrants monitoring to understand whether it reflects fundamental confidence, portfolio rebalancing, or other factors."