NetApp stock (US64120C1045): EVP sells 1,000 shares under 10b5-1 plan

NetApp EVP Elizabeth O'Callahan sold 1,000 shares at $117.73 on May 11, 2026, per SEC filing. The transaction followed a pre-arranged Rule 10b5-1 plan from November 2024.

NetApp EVP and Chief Administrative Officer Elizabeth M. O'Callahan sold 1,000 shares of company stock on May 11, 2026, at $117.73 per share under a pre-arranged Rule 10b5-1 trading plan adopted on November 29, 2024, according to an SEC Form 4 filing as of May 13, 2026. She retained 18,382 shares post-sale. The stock closed at $118.58 on May 13, 2026, up 2.02% on Nasdaq.

As of: 14.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: NetApp, Inc.
• Sector/industry: Technology / Data storage
• Headquarters/country: United States
• Core markets: Enterprise data management, cloud storage
• Key revenue drivers: Hybrid cloud solutions, all-flash arrays
• Home exchange/listing venue: Nasdaq (NTAP)
• Trading currency: USD

NetApp Inc: core business model

NetApp designs and markets data storage and management solutions for enterprises. The company focuses on hybrid multicloud environments, offering software-defined storage, cloud services, and hardware systems. Its portfolio includes ONTAP operating system, which unifies data across on-premises, public cloud, and private cloud setups. NetApp serves sectors like financial services, healthcare, and government, emphasizing data security and efficiency, with significant exposure to US markets via Nasdaq listing.

Main revenue and product drivers for NetApp Inc

NetApp generates revenue primarily from product sales (hardware like all-flash FAS and AFF arrays) and services (support, cloud subscriptions). In its Q3 fiscal 2025 results published February 26, 2026, adjusted EPS reached $2.12, surpassing consensus of $2.07 by $0.05, per MarketBeat as of May 13, 2026. Key drivers include cloud storage services with AWS, Azure, and Google Cloud integrations, alongside strategic product launches in AI-optimized storage.

Conclusion

The recent insider sale by NetApp's EVP highlights routine planned transactions under Rule 10b5-1 amid a stock up 10.7% year-to-date to $118.58 as of May 13, 2026. Strong Q3 earnings and analyst hold consensus with $122.64 average target underscore steady enterprise demand for data solutions. US investors track NetApp for its role in cloud infrastructure growth.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.