Matthew Rabinowitz - 31 Dec 2022 Form 4 Insider Report for Natera, Inc. (NTRA)

Role: EXECUTIVE CHAIRMAN, Director
Signature: /s/ Tami Chen, Attorney-in-Fact
Issuer symbol: NTRA
Transactions as of: 31 Dec 2022
Net transactions value: -$107,030
Form type: 4
Filing time: 04 Jan 2023, 20:05:34 UTC
Previous filing: 27 Dec 2022
Next filing: 31 Jan 2023
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		+6,763	+1.1%		642,509	31 Dec 2022	Direct	F1
transaction	NTRA	Common Stock	Sale	$107,030	-2,706	-0.42%	$39.55	639,803	03 Jan 2023	Direct	F2, F3
holding	NTRA	Common Stock						613,496	31 Dec 2022	Matthew Rabinowitz Grantor Retained Annuity Trust	F4
holding	NTRA	Common Stock						420,000	31 Dec 2022	RMDM Trust	F5

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	-6,763	-100%	$0.000000^*	0	31 Dec 2022	Common Stock	6,763		Direct	F1, F6

* 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.22 to $39.5538 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 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.
F5	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.
F6	The RSU vested in full on December 31, 2022.