The sales are immaterial in size and likely reflect routine post-earnings portfolio rebalancing. Monitor for any larger insider sales or a change in the buyback execution pace, but no immediate trading action is warranted.
Price Chart
Executive Summary
Two NetApp insiders sold a combined $1.32M in open-market transactions within a week of the company's record Q4 FY2026 earnings report. The sales are small relative to NetApp's $35.3B market cap (0.004%) and are likely routine post-earnings diversification, not a bearish signal.
Key Financial Metrics
Key Facts
- Director Gerald Held sold 7,132 shares at $180 for $1.28M on June 3, 2026.
- VP & Controller Daniel De Lorenzo sold 225 shares at $171.09 for $38,495 on June 1, 2026.
- Total insider sales of $1.32M represent ~0.004% of NetApp's $35.3B market cap.
- Sales occurred 4-6 days after NetApp reported record Q4 FY2026 revenue of $1.95B (+12% YoY) and non-GAAP EPS of $2.43 (+26% YoY).
- No insider purchases were reported in the cluster window.
Financial Impact
Insider sales of $1.32M are trivial relative to $35.3B market cap (0.004%).
Risk Factors
- Insider sales could accelerate if the stock continues to rally from recent highs.
- No insider buying alongside strong results may suggest management sees limited near-term upside.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NTAP-1780693295071 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | Insider Cluster | $188.28 $189.93 | ▲ +0.88% | ▲ +1.34% | $229.97 (+22.15%) |
Sep 2, 2026 29d ago | 8-K | $185.38 $185.59 | ▲ +0.11% | ▲ +0.50% | $229.97 (+24.05%) |
Aug 19, 2026 6w ago | Insider Cluster | $192.71 $192.27 | ▼ −0.23% | ▼ −0.63% | $229.97 (+19.34%) |
Jun 5, 2026 16w ago | Insider Cluster | $170.31 $165.00 | ▼ −3.12% | ▼ −2.82% | $229.97 (+35.03%) |
May 28, 2026 18w ago | 8-K | $174.29 $179.70 | ▲ +3.10% | ▲ +2.83% | $229.97 (+31.95%) |
May 20, 2026 19w ago | Insider Cluster | $123.95 $139.36 | ▲ +12.43% | ▲ +11.99% | $229.97 (+85.53%) |
Mar 3, 2026 30w ago | Court Ruling | $98.29 $99.04 | ▲ +0.77% | ▲ +0.01% | $229.97 (+133.98%) |
Feb 28, 2026 30w ago | Institutional Cluster | $99.64 $98.29 | ▼ −1.36% | ▼ −0.44% | $229.97 (+130.80%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access