NetApp CEO George Kurian Files to Sell 50,000 Shares Worth $10.5M
NTAP has more than doubled off its 52-week low of $93.69.
Summary
NetApp CEO George Kurian filed to sell 50,000 shares worth about $10.5 million under a pre-arranged 10b5-1 plan, adding to $17.7 million in sales over the past three months.
Key Events · Ownership and Investor Activity · NTAP
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CEO Files to Sell 50,000 Shares
George Kurian filed a Form 144 to sell 50,000 shares worth approximately $10.5 million under a 10b5-1 plan adopted June 15, 2026.
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Recent Sales Total $17.7M
The filing discloses Kurian sold 90,000 shares in the past three months for $17,655,158.70, including 40,000 shares on September 14 and 37,000 shares on September 24.
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Stock Near 52-Week High
The proposed sale comes with the stock at $210.01, just below its 52-week high of $210.04, suggesting the CEO is monetizing shares at elevated prices.
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10b5-1 Plan Reduces Signal Value
The sales are executed under a pre-arranged 10b5-1 trading plan adopted in June 2026, which limits the informational content of individual transactions.
Analysis · NTAP · Technology
CEO George Kurian has filed to sell 50,000 shares worth approximately $10.5 million under a 10b5-1 plan adopted in June 2026. This follows a prior Form 144 filed on September 14 for 40,000 shares, and the filing also discloses that Kurian has already sold 90,000 shares over the past three months for $17.7 million. The stock is trading near its 52-week high, which may explain the timing of these sales. While 10b5-1 plans are pre-arranged and reduce the informational value of individual sales, the cumulative selling by the CEO is notable.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.9% of the 1661 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NTAP was trading at $210.01 on NASDAQ in the Technology sector, with a market capitalization of approximately $41.1B. The 52-week trading range was $93.69 to $210.04. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.