A Form 4 filed on September 10, 2026, discloses that June Yang, a director of NetApp, Inc. (NASDAQ:NTAP), was granted 1,542 restricted stock units on September 9, 2026.

Key Highlights

  • Reporting person: June Yang, identified as a Director of NetApp, Inc.
  • Grant date: September 9, 2026, with 1,542 restricted stock units acquired (transaction code A).
  • Vesting condition: Units vest on the day immediately preceding the next Annual Meeting of Stockholders following the grant date, subject to continuous Board service through that date.
  • Delivery trigger: Vested shares will be delivered on the earlier of the date the reporting person ceases Board service or the date a change of control occurs.
  • Conversion ratio: Each restricted stock unit converts into one common share on a one-for-one basis.
  • Beneficial ownership following transaction: 1,542 restricted stock units held directly.

Details of June Yang's RSU Award at NetApp

According to the filing, June Yang, a director of NetApp, Inc. (NASDAQ:NTAP), received a grant of 1,542 restricted stock units on September 9, 2026. The transaction was recorded under Table II (Derivative Securities) with transaction code A, indicating an acquisition. The filing states that restricted stock units convert into common stock on a one-for-one basis, and following this transaction, Yang beneficially owns 1,542 restricted stock units directly.

The filing describes the vesting terms: the restricted stock units "vest on the day immediately preceding the date of the next Annual Meeting of Stockholders of the Company following the grant date, subject to the reporting person's continuous service on the Board through such date." No exercise price was listed for the derivative security. The number of derivative securities acquired is listed as 1,542, with the same figure representing total beneficial ownership following the reported transaction.

Regarding delivery of vested shares, the filing states they will be delivered "on the earlier of: (i) the date the reporting person ceases service as a Board Member or (ii) the date on which a change of control occurs." The Form 4 was signed by Colin Lloyd as Attorney-in-Fact for June Yang and filed on September 10, 2026.

What Was Disclosed

The filing discloses a single RSU grant of 1,542 units to NetApp director June Yang on September 9, 2026, with vesting tied to the next Annual Meeting of Stockholders and delivery contingent on departure from the Board or a change of control.