Michael Burkes Brophy - Jul 20, 2023 Form 4 Insider Report for Natera, Inc. (NTRA)

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ Vincent Fontanilla, Attorney-in-Fact
Stock symbol: NTRA
Transactions as of: Jul 20, 2023
Transactions value $: -$75,087
Form type: 4
Date filed: 7/24/2023, 09:45 PM
Previous filing: Jun 29, 2023
Next filing: Jul 27, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTRA	Common Stock	Options Exercise		+1.52K	+2.35%		66.4K	Jul 20, 2023	Direct	F1
transaction	NTRA	Common Stock	Options Exercise		+1.15K	+1.73%		67.5K	Jul 21, 2023	Direct	F1
transaction	NTRA	Common Stock	Options Exercise		+1.25K	+1.85%		68.8K	Jul 22, 2023	Direct	F1
transaction	NTRA	Common Stock	Sale	-$75.1K	-1.57K	-2.28%	$47.83	67.2K	Jul 24, 2023	Direct	F2, 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	-1.52K	-9.09%	$0.00	15.2K	Jul 20, 2023	Common Stock	1.52K		Direct	F1, F4
transaction	NTRA	Restricted Stock Unit	Options Exercise	$0	-1.15K	-14.29%	$0.00	6.87K	Jul 21, 2023	Common Stock	1.15K		Direct	F1, F5
transaction	NTRA	Restricted Stock Unit	Options Exercise	$0	-1.25K	-10%	$0.00	11.3K	Jul 22, 2023	Common Stock	1.25K		Direct	F1, F6

* 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.2412 to $47.8365 per share, inclusive. The holder undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4	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.
F5	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.
F6	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.