The CEO's $7.4M open-market sale without a 10b5-1 plan is the dominant signal — this is a material insider sell signal from the top executive. Monitor next NTAP filings for any 10b5-1 plan adoption or earnings pre-announcement. The lack of any insider buying alongside the CEO's large sale increases the signal's weight.
Price Chart
Executive Summary
NetApp CEO George Kurian and Director Deepak Ahuja sold a combined $8.09M in open-market shares over a 7-day window. The CEO's $7.4M sale is the dominant transaction, representing approximately 0.2% of market cap — a modest but notable insider sell signal. No 10b5-1 plan is indicated, and the cluster is entirely selling with no offsetting buys, suggesting potential management caution ahead of upcoming events.
Key Financial Metrics
Key Facts
- CEO George Kurian sold 37,000 shares at ~$199.95 for $7.4M on 2026-09-24
- Director Deepak Ahuja sold 3,450 shares at $200.00 for $690K on 2026-09-21
- Total insider selling: $8.09M, all open-market (code S) with no 10b5-1 plan indicated
- No insider purchases in the cluster window
- Selling represents ~0.2% of NetApp's market cap
Financial Impact
$8.09M in open-market insider selling, all from C-suite and board — no offsetting buys
Risk Factors
- CEO's $7.4M open-market sale without 10b5-1 plan suggests potential management caution
- No offsetting insider buying to counterbalance the bearish signal
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NTAP-1790648026571 |
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 28d 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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