Monitor for any upcoming earnings pre-announcement or guidance revision. The CEO's $10.5M sale on September 29 followed by a cluster of open-market sales on October 1 suggests potential negative sentiment. Watch for additional insider filings and any 8-K disclosures.
Price Chart
Executive Summary
NetApp CEO George Kurian and director Gerald Held sold a combined $1.99M in open-market sales on October 1, 2026, with Kurian selling $771K and Held selling $1.22M. The sales follow a prior $10.5M CEO sale on September 29, bringing total insider selling to $12.5M in a week. While the dollar amounts are modest relative to NetApp's market cap, the cluster of open-market sales by both the CEO and a director warrants attention.
Key Financial Metrics
Key Facts
- CEO George Kurian sold 3,700 shares at $209.01 on October 1, 2026, totaling $771K
- Director Gerald Held sold 5,800 shares at $212.00 on October 1, 2026, totaling $1.22M
- Combined open-market sales of $1.99M on October 1
- CEO sold an additional $10.5M on September 29, 2026, bringing total insider selling to $12.5M in one week
- Sales are open-market (code S) with no indication of 10b5-1 plan
Financial Impact
Total insider selling of $12.5M over 7 days, approximately 0.03% of NetApp's market cap (estimated ~$40B based on $210 share price and ~190M shares outstanding)
Risk Factors
- CEO selling $11.3M in two transactions within a week could signal lack of confidence in near-term outlook
- Director selling $1.22M sale on same day as CEO's second sale amplifies cluster signal
- No 10b5-1 plan indicated, making these discretionary sales
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NTAP-1791232265825 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | Institutional Cluster | $207.37 | awaiting T+60 | — | $222.08 (−7.09%) |
Oct 5, 2026 21d ago | Insider Cluster | $227.94 | awaiting T+60 | — | $222.08 (+2.57%) |
Sep 28, 2026 29d ago | Insider Cluster | $208.71 | awaiting T+60 | — | $222.08 (−6.41%) |
Sep 23, 2026 4w ago | Insider Cluster | $196.80 | awaiting T+60 | — | $222.08 (−12.85%) |
Sep 16, 2026 5w ago | Insider Cluster | $196.48 | awaiting T+60 | — | $222.08 (−13.03%) |
Sep 14, 2026 6w ago | Insider Cluster | $189.93 | awaiting T+60 | — | $222.08 (+16.93%) |
Sep 2, 2026 7w ago | 8-K | $185.38 | awaiting T+60 | — | $222.08 (+19.80%) |
Aug 19, 2026 9w ago | Insider Cluster | $192.71 | awaiting T+60 | — | $222.08 (+15.24%) |
Jun 5, 2026 20w ago | Insider Cluster | $170.31 $180.77 | ▲ +6.14% | ▲ +2.63% | $222.08 (+30.40%) |
May 28, 2026 21w ago | 8-K | $174.29 $186.86 | ▲ +7.21% | ▲ +6.03% | $222.08 (+27.42%) |
US Market Status
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