Michael Burkes Brophy - Sep 9, 2021 Form 4 Insider Report for Natera, Inc. (NTRA)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Tami Chen, Attorney-in-Fact
Stock symbol
NTRA
Transactions as of
Sep 9, 2021
Transactions value $
-$739,642
Form type
4
Date filed
9/13/2021, 08:33 PM
Previous filing
Jun 29, 2021
Next filing
Sep 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTRA Common Stock Options Exercise +3.02K +3.09% 101K Sep 9, 2021 Direct F1
transaction NTRA Common Stock Options Exercise +12.5K +12.4% 113K Sep 9, 2021 Direct F1
transaction NTRA Common Stock Sale -$740K -6.19K -5.46% $119.53 107K Sep 10, 2021 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NTRA Restricted Stock Unit Options Exercise $0 -3.02K -33.33% $0.00 6.04K Sep 9, 2021 Common Stock 3.02K Direct F1, F4
transaction NTRA Restricted Stock Unit Options Exercise $0 -12.5K -100% $0.00* 0 Sep 9, 2021 Common Stock 12.5K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
F2 The sale of shares was effected in order to satisfy tax withholding and remittance obligations in connection with the vesting of RSUs in compliance with Rule 10b5-1. The Reporting Person is subject to a Lock-up Letter Agreement that expires on September 19, 2021. The sale of these shares is a permissible exemption under the terms of the Lock-Up Letter Agreement.
F3 These reported shares are subject to restrictions in the Lock-Up Letter Agreement.
F4 The RSUs vest over four years. 25% of the RSUs vested on March 9, 2019 and the remaining shares vest in 12 equal quarterly installments thereafter.
F5 On March 22, 2019, the Reporting Person was granted RSUs covering 100,000 shares of Common Stock which vests in tranches upon the Reporting Person achieving certain milestones relating to a combination of the passage of time and the Reporting Person achieving certain milestones relating to the Issuer's stock price. On September 9, 2021, the criteria was satisfied for the vesting of RSUs covering 12,500 shares of Common Stock.