Rowan E. Chapman - Sep 17, 2021 Form 4 Insider Report for Natera, Inc. (NTRA)

Role: Director
Signature: /s/ Daniel Rabinowitz, Attorney-in-Fact
Stock symbol: NTRA
Transactions as of: Sep 17, 2021
Transactions value $: -$487,424
Form type: 4
Date filed: 9/21/2021, 07:17 PM
Previous filing: Aug 19, 2021
Next filing: May 27, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTRA	Common Stock	Options Exercise	$177K	+5.5K	+113.26%	$32.15	10.4K	Sep 17, 2021	Direct
transaction	NTRA	Common Stock	Sale	-$120K	-1K	-9.66%	$120.08	9.36K	Sep 17, 2021	Direct	F1, F2
transaction	NTRA	Common Stock	Sale	-$544K	-4.5K	-48.1%	$120.93	4.86K	Sep 17, 2021	Direct	F1, F3, F4

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	Stock Option (right to buy)	Options Exercise	$0	-5.5K	-33.33%	$0.00	11K	Sep 17, 2021	Common Stock	5.5K	$32.15	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 14, 2021. The Reporting Person is subject to a Lock-up Letter Agreement that expired on September 19, 2021. The sale of shares is a permissible exemption under the terms of the Lock-Up Letter Agreement.
F2	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $119.46 to $120.38 per share, inclusive. The holder undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.48 to $121.30 per share, inclusive. The holder undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4	These reported shares are subject to restrictions in the Lock-Up Letter Agreement.
F5	The option shares vest over three years. A third of the option shares vested and became exercisable on August 15, 2020 and the remaining shares vest in 2 equal annual installments thereafter.