NetApp CEO George Kurian Files to Sell $7.66M in Shares
NTAP has more than doubled off its 52-week low of $93.69.
Summary
NetApp CEO George Kurian filed to sell 40,000 shares worth about $7.66 million under a 10b5-1 plan adopted in June 2026.
Key Events · Ownership and Investor Activity · NTAP
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CEO Files to Sell $7.66M
George Kurian filed a Form 144 to sell 40,000 shares with an approximate market value of $7,656,847.50 on September 14, 2026.
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Pre-Arranged 10b5-1 Plan
The sale is under a 10b5-1 trading plan adopted on June 15, 2026, indicating a routine, pre-planned transaction rather than an opportunistic sale.
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Largest Insider Sale in 90 Days
This $7.66M notice is larger than the recent director sales by Nevens ($1.16M) and Ahuja ($684K), and is the first Form 144 from the CEO in the 90-day window.
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Post-Sale Holdings Not Disclosed
The filing does not state Kurian's remaining holdings after the sale; the shares were acquired from vesting of restricted stock and performance shares between May 2024 and February 2025.
Analysis · NTAP · Technology
CEO George Kurian filed a Form 144 to sell 40,000 shares worth approximately $7.66 million under a pre-arranged 10b5-1 plan adopted June 15, 2026. This is the largest insider sale notice in the recent 90-day window and comes from the company's top executive, making it more significant than the smaller director sales filed around the same time. The sale is pre-planned, which reduces the signal of opportunistic timing, but the size and the CEO's role still make it a notable distribution event for shareholders.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 30.7% of the 1581 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. 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 $188.28 on NASDAQ in the Technology sector, with a market capitalization of approximately $37B. The 52-week trading range was $93.69 to $209.06. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.