Michael Burkes Brophy - Dec 27, 2022 Form 4 Insider Report for Natera, Inc. (NTRA)

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ Vincent Fontanilla, Attorney-in-Fact
Stock symbol: NTRA
Transactions as of: Dec 27, 2022
Transactions value $: -$36,456
Form type: 4
Date filed: 12/29/2022, 08:05 PM
Previous filing: Dec 27, 2022
Next filing: Jan 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTRA	Common Stock	Options Exercise		+2.29K	+2.55%		92.3K	Dec 27, 2022	Direct	F1
transaction	NTRA	Common Stock	Sale	-$36.5K	-915	-0.99%	$39.84	91.4K	Dec 28, 2022	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	-2.29K	-16.66%	$0.00	11.5K	Dec 27, 2022	Common Stock	2.29K		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 and in compliance with Rule 10b5-1.
F3	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.