Steven Leonard Chapman - 20 Jan 2023 Form 4 Insider Report for Natera, Inc. (NTRA)

Role: CEO AND PRESIDENT, Director
Signature: /s/ Tami Chen, Attorney-in-Fact
Issuer symbol: NTRA
Transactions as of: 20 Jan 2023
Net transactions value: -$223,176
Form type: 4
Filing time: 24 Jan 2023, 19:05:39 UTC
Previous filing: 04 Jan 2023
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		+13,543	+14%		107,374	20 Jan 2023	Direct	F1
transaction	NTRA	Common Stock	Options Exercise		+1,775	+1.7%		109,149	21 Jan 2023	Direct	F1
transaction	NTRA	Common Stock	Sale	$223,176	-5,370	-4.9%	$41.56	103,779	23 Jan 2023	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	-13,543	-25%	$0.000000	40,632	20 Jan 2023	Common Stock	13,543		Direct	F1, F3
transaction	NTRA	Restricted Stock Unit	Options Exercise	$0	-1,775	-11%	$0.000000	14,197	21 Jan 2023	Common Stock	1,775		Direct	F1, F4

* 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 vest on January 20, 2023 and the remaining shares vest in 12 equal quarterly installments thereafter.
F4	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.