Michael Burkes Brophy - Dec 4, 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: Dec 4, 2021
Transactions value $: -$322,064
Form type: 4
Date filed: 12/7/2021, 08:08 PM
Previous filing: Nov 12, 2021
Next filing: Dec 13, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTRA	Common Stook	Options Exercise		+8.75K	+14.93%		67.3K	Dec 4, 2021	Direct	F1
transaction	NTRA	Common Stock	Sale	-$322K	-3.5K	-5.2%	$91.99	63.8K	Dec 7, 2021	Direct	F2

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	-8.75K	-100%	$0.00^*	0	Dec 4, 2021	Common Stock	8.75K		Direct	F1, F3

* 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.
F3	On March 27, 2020, the Reporting Person was granted RSUs which vest in three tranches upon the Reporting Person achieving certain milestones relating to a combination of the passage of time and the Issuer's stock price. On December 4, 2021, the Issuer's Board of Directors determined that the milestone for the third tranche was satisfied, resulting in the vesting of the reported shares of common stock under the RSUs.