Steven Leonard Chapman - 20 Jan 2024 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 2024
Net transactions value
-$133,457
Form type
4
Filing time
23 Jan 2024, 21:05:18 UTC
Previous filing
29 Dec 2023
Next filing
30 Jan 2024
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 +2% 175,734 20 Jan 2024 Direct F1
transaction NTRA Common Stock Options Exercise +1,774 +1% 177,508 21 Jan 2024 Direct F1
transaction NTRA Common Stock Sale $133,457 -1,958 -1.1% $68.16 175,550 22 Jan 2024 Direct F2
holding NTRA Common Stock 50,910 20 Jan 2024 By Rosewood Trust 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 -3,386 -11% $0.000000 27,088 20 Jan 2024 Common Stock 3,386 Direct F1, F4
transaction NTRA Restricted Stock Unit Options Exercise $0 -1,774 -20% $0.000000 7,099 21 Jan 2024 Common Stock 1,774 Direct F1, F5
* 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 Rosewood Trust is an irrevocable spendthrift trust for the benefit of the Reporting Person and other discretionary beneficiaries, pursuant to Nevada Revised Statutes Chapter 166. Under the Rosewood Trust, the Reporting Person has no enforceable rights to distributions. The Rosewood Trust is a fully discretionary trust and the distribution decisions for the Rosewood Trust are vested in a committee. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein.
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.