Michael Burkes Brophy - 20 Jan 2026 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 Jan 2026
Net transactions value
-$14,638,100
Form type
4
Filing time
22 Jan 2026, 21:35:05 UTC
Previous filing
16 Jan 2026
Next filing
29 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Brophy Michael Burkes CHIEF FINANCIAL OFFICER C/O NATERA, INC., 13011 MCCALLEN PASS BUILDING A SUITE 100, AUSTIN /s/ Tami Chen, Attorney-in-Fact 22 Jan 2026 0001697362

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTRA Common Stock Sale $5,621,515 -23,948 -19% $234.74 99,776 20 Jan 2026 Direct F1
transaction NTRA Common Stock Options Exercise +1,522 +1.5% 101,298 20 Jan 2026 Direct F2
transaction NTRA Common Stock Sale $141,470 -602 -0.59% $235.00 100,696 21 Jan 2026 Direct F3
transaction NTRA Common Stock Sale $8,875,115 -36,573 -36% $242.67 64,123 21 Jan 2026 Direct F4

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 -1,522 -100% $0.000000 0 20 Jan 2026 Common Stock 1,522 Direct F2, 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 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 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 Agreement granted on January 27, 2023.
F2 Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
F3 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 Agreement granted on January 28, 2022.
F4 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 9, 2025, as modified on September 10, 2025.
F5 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.