Matthew Rabinowitz - Mar 9, 2022 Form 4 Insider Report for Natera, Inc. (NTRA)

Role: EXECUTIVE CHAIRMAN, Director
Signature: /s/ Tami Chen, Attorney-in-Fact
Stock symbol: NTRA
Transactions as of: Mar 9, 2022
Transactions value $: $239,121
Form type: 4
Date filed: 3/11/2022, 08:30 PM
Previous filing: Feb 1, 2022
Next filing: Mar 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTRA	Common Stock	Options Exercise	$239K	+90K	+21.13%	$2.66^*	516K	Mar 9, 2022	Direct
transaction	NTRA	Common Stock	Options Exercise		+2.82K	+0.55%		519K	Mar 9, 2022	Direct	F1
holding	NTRA	Common Stock						613K	Mar 9, 2022	Matthew Rabinowitz Grantor Retained Annuity Trust	F2
holding	NTRA	Common Stock						200K	Mar 9, 2022	RMDM Trust	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	-90K	-14.28%	$0.00	540K	Mar 9, 2022	Common Stock	90K	$2.66	Direct	F4
transaction	NTRA	Restricted Stock Unit	Options Exercise	$0	-2.82K	-100%	$0.00^*	0	Mar 9, 2022	Common Stock	2.82K		Direct	F1, F5

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

Explanation of Responses:

Id	Content
F1	Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
F2	The Reporting Person is a trustee of the Matthew Rabinowitz Grantor Retained Annuity Trust and has voting and dispositive power with respect to the reported shares. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein.
F3	The RMDM Trust is an irrevocable spendthrift trust for the benefit of the Reporting Person and other discretionary beneficiaries, pursuant to Nevada Revised Statutes Chapter 166. Under the RMDM Trust, the Reporting Person has no enforceable rights to distributions. The RMDM Trust is a fully discretionary trust and the distribution decisions for the RMDM Trust are vested in a committee. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein.
F4	The option shares were fully vested as of the grant date.
F5	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.