Steven Leonard Chapman - 20 Apr 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 Apr 2023
Net transactions value: -$140,319
Form type: 4
Filing time: 24 Apr 2023, 21:35:14 UTC
Previous filing: 29 Mar 2023
Next filing: 29 Jun 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		+3,386	+1.6%		213,205	20 Apr 2023	Direct	F1
transaction	NTRA	Common Stock	Sale	$91,662	-1,689	-0.79%	$54.27	211,516	21 Apr 2023	Direct	F2
transaction	NTRA	Common Stock	Options Exercise		+1,774	+0.84%		213,290	21 Apr 2023	Direct	F1
transaction	NTRA	Common Stock	Sale	$48,657	-885	-0.41%	$54.98	212,405	24 Apr 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	-3,386	-8.3%	$0.000000	37,246	20 Apr 2023	Common Stock	3,386		Direct	F1, F3
transaction	NTRA	Restricted Stock Unit	Options Exercise	$0	-1,774	-12%	$0.000000	12,423	21 Apr 2023	Common Stock	1,774		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 vested 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.