Michael Burkes Brophy - 27 Sep 2021 Form 4 Insider Report for Natera, Inc. (NTRA)

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ Daniel Rabinowitz, Attorney-in-Fact
Issuer symbol: NTRA
Transactions as of: 27 Sep 2021
Net transactions value: -$2,974,936
Form type: 4
Filing time: 29 Sep 2021, 19:43:04 UTC
Previous filing: 24 Sep 2021
Next filing: 26 Oct 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTRA	Common Stock	Options Exercise		+2,292	+2.1%		110,030	27 Sep 2021	Direct	F1
transaction	NTRA	Common Stock	Sale	$238,244	-2,098	-1.9%	$113.56	107,932	27 Sep 2021	Direct	F2, F3
transaction	NTRA	Common Stock	Sale	$984,098	-8,594	-8%	$114.51	99,338	27 Sep 2021	Direct	F2, F4
transaction	NTRA	Common Stock	Sale	$1,555,795	-13,508	-14%	$115.18	85,830	27 Sep 2021	Direct	F2, F5
transaction	NTRA	Common Stock	Sale	$92,898	-800	-0.93%	$116.12	85,030	27 Sep 2021	Direct	F2, F6
transaction	NTRA	Common Stock	Sale	$3,582	-33	-0.04%	$108.55	84,997	28 Sep 2021	Direct	F7
transaction	NTRA	Common Stock	Sale	$100,319	-914	-1.1%	$109.76	84,083	28 Sep 2021	Direct	F7

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	-2,292	-9.1%	$0.000000	22,917	27 Sep 2021	Common Stock	2,292		Direct	F1, F8

* 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 pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2021.
F3	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $112.88 to $113.83 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	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.90 to $114.88 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.
F5	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.90 to $115.78 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.
F6	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.91 to $116.27 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.
F7	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.
F8	The RSUs vest over four years. 25% of the RSUs vested on March 27, 2021 and the remaining shares vest in 12 equal quarterly installments thereafter.