Michael Burkes Brophy - 22 Mar 2023 Form 4 Insider Report for Natera, Inc. (NTRA)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Tami Chen, Attorney-in-Fact
Issuer symbol
NTRA
Transactions as of
22 Mar 2023
Net transactions value
-$137,214
Form type
4
Filing time
24 Mar 2023, 21:35:12 UTC
Previous filing
21 Mar 2023
Next filing
29 Mar 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 Sale $77,329 -1,373 -2.1% $56.32 64,833 22 Mar 2023 Direct F1
transaction NTRA Common Stock Options Exercise +1,078 +1.7% 65,911 22 Mar 2023 Direct F2
transaction NTRA Common Stock Sale $23,946 -427 -0.65% $56.08 65,484 23 Mar 2023 Direct F1
transaction NTRA Common Stock Sale $35,938 -651 -0.99% $55.20 64,833 24 Mar 2023 Direct 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 -1,078 -100% $0.000000* 0 22 Mar 2023 Common Stock 1,078 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale of shares was effected in order to satisfy tax withholding and remittance obligations in connection with the vesting of Restricted Stock Units ("RSUs") and in compliance with Rule 10b5-1.
F2 Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
F3 The sale of shares was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 4, 2022.
F4 The RSUs vest over four years. 25% of the RSUs vested on March 22, 2020 and the remaining shares vest in 12 equal quarterly installments thereafter.