Cesar Cernuda

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.

NetApp President Cernuda sells 19,696 shares for $1,775,523.06; holds only 11,928 shares post-sale

Cernuda executed 2 separate sales totaling 19,696 shares (19.7K shares) for $1,775,523.06 at an average price of $90.15 on 2025-03-28, reducing his position by 62.3% from 31,624 shares to 11,928 shares. His prior 5 trades at NTAP show a strong timing pattern: all 5 were well-timed at the 90-day mark, with the most recent 2024-12-30 sale followed by a -23.1% 90-day return. The current price of $87.84 is already 2.6% below the blended average transaction price of $90.15, and the stock has declined 12.0% over 30 days and 24.3% over 90 days. With revenue growth flat at -1.5% and the stock trading at a 34.8% discount from its 52-week high, the concentrated size of this liquidation—combined with Cernuda's demonstrated 5-of-5 success rate in prior NTAP sales timing—warrants attention to whether this reflects forward-looking assessment of near-term risk.

NetApp President CERNUDA CESAR sold 22,000 shares ($2.5M) at $114.99; held 27,099 post-transaction. 4 of 5 prior NTAP trades well-timed at 90-day mark.

CERNUDA CESAR, President of NetApp, executed a discretionary sale of 22,000 shares on 2024-12-30, reducing his position by -44.8%. His prior five trades at NTAP show a strong pattern of well-timed execution: 4 of the 5 prior sells were followed by negative 90-day returns, meaning the insider sold before subsequent declines. The current transaction at $114.99 compares to a current price of $116.08 and a 52-week high of $134.62; the stock is down 5.4% over the last 30 days and down 5.6% over 90 days. While NetApp's fundamentals show solid net income of $299,000,000.00 and a P/E of 20.51, the annual revenue growth stands at -1.5%, signaling headwinds. The consistency of this insider's prior sales being followed by weakness at the same ticker warrants attention to whether the current market environment matches that historical pattern.

NetApp President Cesar Cernuda sold 22,000 shares (22.0K shares) for $2,687,527.92 on 2024-09-30

President Cesar Cernuda executed 2 separate sales totaling 22,000 shares (22.0K shares) at blended average price of $122.16, representing a 32.4% reduction in his NTAP holdings (from 67.9K to 45.9K shares). At his same-ticker history, prior NTAP sales have shown mixed 90-day outcomes: 2 of 5 prior sells were well-timed (stock fell after), while 3 showed positive returns post-sale. The current price of $123.02 sits 8.6% below the 52-week high of $134.62 and is only 1.9% above the 30-day prior level, placing the stock in a modest recovery phase after a 5.6% decline over 90 days. With the company generating $1.5B quarterly revenue and $248.0M net income but showing annual revenue growth of -1.5%, this substantial insider reduction of holdings occurs against a backdrop of revenue contraction and a P/E of 23.21.

NetApp President Cesar Cernuda sold 22,000 shares for $2,848,113.45 on 2024-06-28; stock near 52-week high.

Cesar Cernuda, President of NetApp, executed 2 separate sales totaling 22,000 shares for $2,848,113.45 at a blended average price of $129.46 on 2024-06-28, reducing his holdings by 25.3% to 64,789 shares post-transaction. The sales occurred as NTAP traded near its 52-week high of $130.24 (current price $129.88 is -0.3% from that peak) and after a strong 90-day appreciation of 22.0%. Examining his prior trading at NTAP, Cernuda's 4 prior sales at this ticker all generated positive 90-day returns (ranging from +14.0% to +22.6%), meaning the stock rose in every case after he sold—a 0% well-timed rate at the 90-day mark. His cross-ticker track record of prior sells shows an average 90-day return of +18.6% with a 0.00% well-timed rate, a consistent pattern of selling before rallies. This filing merits observation for its material position reduction at elevated valuations, though the pattern suggests scheduled rather than convictional timing.