Steven Leonard Chapman - Mar 22, 2023 Form 4 Insider Report for Natera, Inc. (NTRA)

Role: CEO AND PRESIDENT, Director
Signature: /s/ Tami Chen, Attorney-in-Fact
Stock symbol: NTRA
Transactions as of: Mar 22, 2023
Transactions value $: -$450,556
Form type: 4
Date filed: 3/24/2023, 09:35 PM
Previous filing: Mar 21, 2023
Next filing: Mar 29, 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	-$267K	-4.74K	-2.21%	$56.32	210K	Mar 22, 2023	Direct	F1
transaction	NTRA	Common Stock	Options Exercise		+182	+0.09%		210K	Mar 22, 2023	Direct	F2
transaction	NTRA	Common Stock	Options Exercise		+3.13K	+1.49%		213K	Mar 22, 2023	Direct	F2
transaction	NTRA	Common Stock	Sale	-$92.6K	-1.65K	-0.77%	$56.08	211K	Mar 23, 2023	Direct	F1
transaction	NTRA	Common Stock	Sale	-$91.2K	-1.66K	-0.78%	$55.09	210K	Mar 24, 2023	Direct	F3

Showing 1 to 5 of 5 entries

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	-182	-100%	$0.00^*	0	Mar 22, 2023	Common Stock	182		Direct	F2, F4
transaction	NTRA	Restricted Stock Unit	Options Exercise	$0	-3.13K	-100%	$0.00^*	0	Mar 22, 2023	Common Stock	3.13K		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 12, 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.