NetApp CEO George Kurian Sells $10.5 Million In Stock Under Pre-Scheduled Plan
The Tuesday sale of 50,000 shares was Kurian's fourth in under three weeks, bringing his total disposals since mid-September to $28.2 million.
NetApp CEO George Kurian sold 50,000 shares of company stock on Tuesday at a weighted average price of $209.95 per share, generating roughly $10.5 million in proceeds under a pre-scheduled trading plan filed with the SEC. The transaction was the fourth in a rapid sequence of structured sales that has now totaled $28.2 million since mid-September.
What The Filing Says
Tuesday's sale was governed by a pre-scheduled trading plan Kurian filed on June 15, 2026 — an arrangement that allows executives to set up future stock sales in advance, removing any question of whether the timing reflects a view on near-term price direction.
According to the Form 4 filed with the SEC, the 50,000 shares sold Tuesday represented about 18.6% of Kurian's total direct NetApp holdings at the time of the transaction. After the sale, he held 218,537 shares — worth roughly $47.0 million at Thursday's after-hours price of $215.05, which was unchanged from the regular-session close.
NTAP shares were flat in Thursday after-hours trading at $215.05.
A Four-Sale Streak Under The Same Plan
Tuesday's transaction was not a standalone move. SEC records show Kurian sold 40,000 shares on September 14, 13,000 shares on September 21, and 37,000 shares on September 24 — all under the same June 15 trading plan.
The four sales together account for the $28.2 million total accumulated since mid-September. NetApp's stock climbed from the mid-$190s in mid-September to above $209 by the time of Tuesday's sale, meaning the plan's later tranches executed at higher prices than its earlier ones.
The cadence matters for how investors read Form 4 disclosures. A pre-scheduled plan separates the timing of a sale from any discretionary judgment by the executive — Kurian did not choose Tuesday as a selling day; the June 15 plan did.
What To Watch
The June 15 trading plan may authorize additional scheduled sales beyond those already disclosed. Investors tracking Kurian's ownership position should watch for further Form 4 filings in the coming weeks to determine whether the program has additional tranches remaining.
The four sales since September 14 have reduced Kurian's direct stake by a combined figure that includes Tuesday's roughly 18.6% single-transaction cut — with 218,537 shares remaining, per the SEC filing.
Sources
- Form 4 — George Kurian (NTAP) — SEC EDGAR
