Steven Leonard Chapman - Dec 1, 2021 Form 4 Insider Report for Natera, Inc. (NTRA)

Role: CEO AND PRESIDENT, Director
Signature: /s/ Tami Chen, Attorney-in-Fact
Stock symbol: NTRA
Transactions as of: Dec 1, 2021
Transactions value $: -$557,770
Form type: 4
Date filed: 12/3/2021, 08:02 PM
Previous filing: Nov 1, 2021
Next filing: Dec 7, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTRA	Common Stock	Options Exercise	$28.4K	+3.05K	+8.58%	$9.29^*	38.6K	Dec 1, 2021	Direct
transaction	NTRA	Common Stock	Options Exercise	$27.1K	+2.08K	+5.39%	$13.01^*	40.7K	Dec 1, 2021	Direct
transaction	NTRA	Common Stock	Options Exercise	$42.2K	+2.08K	+5.12%	$20.27	42.8K	Dec 1, 2021	Direct
transaction	NTRA	Common Stock	Sale	-$300K	-3.32K	-7.74%	$90.45	39.5K	Dec 1, 2021	Direct	F1, F2
transaction	NTRA	Common Stock	Sale	-$356K	-3.9K	-9.89%	$91.09	35.6K	Dec 1, 2021	Direct	F1, 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	Stock Option (right to buy)	Options Exercise	$0	-3.05K	-20%	$0.00	12.2K	Dec 1, 2021	Common Stock	3.05K	$9.29	Direct	F4
transaction	NTRA	Stock Option (right to buy)	Options Exercise	$0	-2.08K	-6.67%	$0.00	29.2K	Dec 1, 2021	Common Stock	2.08K	$13.01	Direct	F5
transaction	NTRA	Stock Option (right to buy)	Options Exercise	$0	-2.08K	-5.88%	$0.00	33.3K	Dec 1, 2021	Common Stock	2.08K	$20.27	Direct	F6

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

Explanation of Responses:

Id	Content
F1	The sale of shares was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 10, 2021, as amended on May 14, 2021.
F2	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.89 to $90.83 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.
F3	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.90 to $91.65 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 option shares vest over four years. 25% of the option shares vested and became exercisable on March 9, 2019 and the remaining shares vest in 36 equal monthly installments thereafter.
F5	The option shares vest over four years. 25% of the option shares vested and became exercisable on January 2, 2020 and the remaining shares vest in 36 equal monthly installments thereafter.
F6	The option shares vest over four years. 25% of the option shares vested and became exercisable on March 22, 2020 and the remaining shares vest in 36 equal monthly installments thereafter.