Robert Alan Schueren - Jan 20, 2023 Form 4 Insider Report for Natera, Inc. (NTRA)

Role: CHIEF OPERATING OFFICER
Signature: /s/ Tami Chen, Attorney-in-Fact
Stock symbol: NTRA
Transactions as of: Jan 20, 2023
Transactions value $: -$176,878
Form type: 4
Date filed: 1/24/2023, 07:05 PM
Previous filing: Jan 10, 2023
Next filing: Jan 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTRA	Common Stock	Options Exercise		+6.09K			6.09K	Jan 20, 2023	Direct	F1, F2
transaction	NTRA	Common Stock	Options Exercise		+1.15K	+18.81%		7.23K	Jan 21, 2023	Direct	F1
transaction	NTRA	Common Stock	Options Exercise		+1.25K	+17.28%		8.48K	Jan 22, 2023	Direct	F1
transaction	NTRA	Common Stock	Sale	-$177K	-4.26K	-50.18%	$41.56	4.23K	Jan 23, 2023	Direct	F3
transaction	NTRA	Common Stock	Gift	$0	-1.1K	-0.95%	$0.00	114K	Jan 12, 2023	By Robert A Schueren & Deborah A Schueren Rev Trust	F4, 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	-6.09K	-25%	$0.00	18.3K	Jan 20, 2023	Common Stock	6.09K		Direct	F1, F6
transaction	NTRA	Restricted Stock Unit	Options Exercise	$0	-1.15K	-11.11%	$0.00	9.16K	Jan 21, 2023	Common Stock	1.15K		Direct	F1, F7
transaction	NTRA	Restricted Stock Unit	Options Exercise	$0	-1.25K	-8.33%	$0.00	13.8K	Jan 22, 2023	Common Stock	1.25K		Direct	F1, F8

* 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	Excludes 11,824 shares previously reported as owned directly which have been transferred to the Robert A Schueren & Deborah A Schueren Rev Trust.
F3	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.
F4	Represents a charitable contribution by the Reporting Person.
F5	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.
F6	The RSUs vest over four years. 25% of the RSUs vested on January 20, 2023 and the remaining shares vest in 12 equal quarterly installments thereafter.
F7	The RSUs vest over four years. 25% of the RSUs vested on January 21, 2022 and the remaining shares vest in 12 equal quarterly installments thereafter
F8	The RSUs vest over four years. 25% of the RSUs vested on October 22, 2022 and the remaining shares vest in 12 equal quarterly installments thereafter.