CEO selling $2.6M in a single open-market transaction without a disclosed 10b5-1 plan is a notable bearish signal. Monitor for any upcoming earnings pre-announcement, guidance revision, or material corporate development that may have prompted the sale.
Price Chart
Executive Summary
Two NetApp insiders, including CEO George Kurian, sold a total of $3.28M in shares over a one-week window. The CEO's $2.60M sale is the dominant transaction, representing a material open-market sale by the top executive.
Key Financial Metrics
Key Facts
- CEO George Kurian sold 13,000 shares at $200.01 for $2.60M on 2026-09-21
- Director Deepak Ahuja sold 3,500 shares at $194.04 for $684K on 2026-09-14
- Total insider selling of $3.28M over 7 trading days
- No 10b5-1 plan indicated for either sale
Financial Impact
Total sales of $3.28M represent approximately 0.2% of NetApp's market cap (estimated ~$16B based on $200/share and ~80M shares outstanding), falling in the modest-to-notable range.
Risk Factors
- CEO sale may signal concerns about near-term business outlook or valuation
- No offsetting insider buying to balance the selling pressure
- Cluster selling by both CEO and a director increases signal strength
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NTAP-1790196405743 |
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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