The cluster of open-market sales by two directors and an EVP within a 5-day window is a modest bearish signal. Monitor for any forthcoming negative news or guidance changes that could explain the coordinated selling. The small dollar amounts relative to market cap suggest this is likely routine portfolio rebalancing, but the lack of 10b5-1 plans and the concentration of sales by multiple insiders warrants caution.
Price Chart
Executive Summary
Three NetApp insiders sold a total of $2.03M in open-market sales over a 5-day window, including two directors and an EVP. The sales are modest relative to NetApp's ~$40B market cap (~0.005%), but the cluster of open-market sales by multiple insiders without 10b5-1 plan indications warrants attention as a potential negative signal.
Key Financial Metrics
Key Facts
- Three insiders sold $2.03M in open-market sales between Sep 10-14, 2026
- Director Thomas Michael Nevens sold $1.16M at $195.21/share
- Director Deepak Ahuja sold $684K at $194.04/share
- EVP Elizabeth O'Callahan sold $185K at $184.74/share
- Total sales represent ~0.005% of NetApp's ~$40B market cap
- No 10b5-1 plan indications were noted for any of the sales
Financial Impact
Total insider sales of $2.03M, representing approximately 0.005% of market cap — trivial in absolute size but notable as a cluster of open-market sales by multiple insiders
Risk Factors
- Insider selling could precede negative earnings or guidance revisions
- Cluster selling without 10b5-1 plans may indicate management's lack of confidence in near-term prospects
- Further insider sales could amplify bearish sentiment
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NTAP-1789592941547 |
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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