Michael Burkes Brophy - 20 Apr 2024 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
20 Apr 2024
Net transactions value
-$139,171
Form type
4
Filing time
23 Apr 2024, 21:35:11 UTC
Previous filing
04 Apr 2024
Next filing
26 Apr 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 +1,521 +2.2% 72,167 20 Apr 2024 Direct F1
transaction NTRA Common Stock Options Exercise +1,145 +1.6% 73,312 21 Apr 2024 Direct F1
transaction NTRA Common Stock Options Exercise +1,250 +1.7% 74,562 22 Apr 2024 Direct F1
transaction NTRA Common Stock Sale $139,171 -1,523 -2% $91.38 73,039 23 Apr 2024 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 -1,521 -12% $0.000000 10,653 20 Apr 2024 Common Stock 1,521 Direct F1, F3
transaction NTRA Restricted Stock Unit Options Exercise $0 -1,145 -25% $0.000000 3,435 21 Apr 2024 Common Stock 1,145 Direct F1, F4
transaction NTRA Restricted Stock Unit Options Exercise $0 -1,250 -14% $0.000000 7,500 22 Apr 2024 Common Stock 1,250 Direct F1, F5
* 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 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 made pursuant to a written instruction that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act contained in the Reporting Person's Stock Unit Agreements granted on January 22, 2021, October 22, 2021, and January 28, 2022.
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.
F5 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.