Robert Alan Schueren - 07 Jan 2023 Form 4 Insider Report for Natera, Inc. (NTRA)

Role: CHIEF OPERATING OFFICER
Signature: /s/ Tami Chen, Attorney-in-Fact
Issuer symbol: NTRA
Transactions as of: 07 Jan 2023
Net transactions value: -$33,186
Form type: 4
Filing time: 10 Jan 2023, 20:05:17 UTC
Previous filing: 04 Jan 2023
Next filing: 24 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		+3,985	+65%		10,130	07 Jan 2023	Direct	F1
transaction	NTRA	Common Stock	Sale	$84,419	-2,244	-22%	$37.62	7,886	09 Jan 2023	Direct	F2
transaction	NTRA	Common Stock	Options Exercise	$51,233	+3,938	+50%	$13.01^*	11,824	10 Jan 2023	Direct
holding	NTRA	Common Stock						103,417	07 Jan 2023	Robert A Schueren & Deborah A Schueren Rev 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	Restricted Stock Unit	Options Exercise	$0	-3,985	-100%	$0.000000^*	0	07 Jan 2023	Common Stock	3,985		Direct	F1, F4
transaction	NTRA	Stock Option (right to buy)	Options Exercise	$0	-3,938	-9.4%	$0.000000	38,134	10 Jan 2023	Common Stock	3,938	$13.01	Direct	F5

* 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 Reporting Person is a trustee of the Robert A Schueren & Deborah A Schueren Rev 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.
F4	The RSUs vest over four years. 25% of the RSUs vested on January 7, 2020 and the remaining shares vest in 12 equal quarterly installments thereafter.
F5	The option shares vest over four years. 25% of the option shares vested and became exercisable on January 7, 2020 and the remaining shares vest in 36 equal monthly installments thereafter.