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Filing Details

Accession Number:: 0001415889-21-004361
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-09-10 21:37:48
Reporting Period:: 2021-09-09

Accepted Time:: 2021-09-10 21:37:48
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1604821	Natera Inc.	NTRA	Services-Medical Laboratories (8071)	010894487

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1711968	Leonard Steven Chapman	C/O Natera, Inc. 13011 Mccallen Pass Building A Suite 100 Austin TX 78753	Ceo And President	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2021-09-09	2,296	$0.00	54,219	No	4	M	Direct
Common Stock	Acquisiton	2021-09-09	15,625	$0.00	69,844	No	4	M	Direct
Common Stock	Disposition	2021-09-10	9,002	$119.53	60,842	No	4	S	Direct
Common Stock	Acquisiton	2021-09-10	25	$10.73	60,867	No	4	M	Direct
Common Stock	Acquisiton	2021-09-10	8,337	$9.29	69,204	No	4	M	Direct
Common Stock	Acquisiton	2021-09-10	5,325	$13.01	74,529	No	4	M	Direct
Common Stock	Acquisiton	2021-09-10	38,867	$13.01	113,396	No	4	M	Direct
Common Stock	Acquisiton	2021-09-10	5,325	$20.27	118,721	No	4	M	Direct
Common Stock	Acquisiton	2021-09-10	4,570	$25.46	123,291	No	4	M	Direct
Common Stock	Acquisiton	2021-09-10	9,375	$25.46	132,666	No	4	M	Direct
Common Stock	Disposition	2021-09-10	7,430	$118.10	125,236	No	4	S	Direct
Common Stock	Disposition	2021-09-10	14,609	$118.96	110,627	No	4	S	Direct
Common Stock	Disposition	2021-09-10	42,022	$120.12	68,605	No	4	S	Direct
Common Stock	Disposition	2021-09-10	7,763	$120.76	60,842	No	4	S	Direct
Common Stock	Disposition	2021-09-10	1,707	$118.18	21,331	No	4	S	Indirect	by Rosewood Trust
Common Stock	Disposition	2021-09-10	2,319	$119.03	19,012	No	4	S	Indirect	by Rosewood Trust
Common Stock	Disposition	2021-09-10	5,989	$120.28	13,023	No	4	S	Indirect	by Rosewood Trust
Common Stock	Disposition	2021-09-10	127	$120.84	12,896	No	4	S	Indirect	by Rosewood Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Indirect	by Rosewood Trust
No	4	S	Indirect	by Rosewood Trust
No	4	S	Indirect	by Rosewood Trust
No	4	S	Indirect	by Rosewood Trust

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Unit	Disposition	2021-09-09	2,296	$0.00	2,296	$0.00
Common Stock	Restricted Stock Unit	Disposition	2021-09-09	15,625	$0.00	15,625	$0.00
Common Stock	Stock Option (right to buy)	Disposition	2021-09-10	38,867	$0.00	38,867	$13.01
Common Stock	Stock Option (right to buy)	Disposition	2021-09-10	25	$0.00	25	$10.73
Common Stock	Stock Option (right to buy)	Disposition	2021-09-10	8,337	$0.00	8,337	$9.29
Common Stock	Stock Option (right to buy)	Disposition	2021-09-10	5,325	$0.00	5,325	$13.01
Common Stock	Stock Option (right to buy)	Disposition	2021-09-10	5,325	$0.00	5,325	$20.27
Common Stock	Stock Option (right to buy)	Disposition	2021-09-10	4,570	$0.00	4,570	$25.46
Common Stock	Stock Option (right to buy)	Disposition	2021-09-10	9,375	$0.00	9,375	$25.46

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
4,593		No	4	M	Direct
0		No	4	M	Direct
0	2029-01-10	No	4	M	Direct
0	2027-07-13	No	4	M	Direct
18,315	2028-03-08	No	4	M	Direct
33,334	2029-01-10	No	4	M	Direct
39,584	2029-04-11	No	4	M	Direct
18,750	2030-03-26	No	4	M	Direct
18,750	2030-03-26	No	4	M	Direct

Footnotes

Represents the partial vesting and settlement of Restricted Stock Units ("RSUs"), starting on March 19, 2019.
Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
Excludes 23,038 shares previously reported as owned directly which have been transferred to the Rosewood Trust.
Represents the full vesting and settlement of RSUs
The sale of shares was effected in order to satisfy tax withholding and remittance obligations in connection with the vesting of RSUs in compliance with Rule 10b5-1.
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 10, 2021 as amended on May 14, 2021. The Reporting Person is subject to a Lock-up Letter Agreement that expires on September 19, 2021. The sale of shares is a permissible exemption under the terms of the Lock-Up Letter Agreement.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.5050 to $118.50 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $118.52 to $119.41 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $119.60 to $120.58 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.60 to $121.07 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.
These reported shares are subject to restrictions in the Lock-Up Letter Agreement.
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Rosewood Trust on August 13, 2021. The Reporting Person is subject to a Lock-up Letter Agreement that expires on September 19, 2021. The sale of shares is a permissible exemption under the terms of the Lock-Up Letter Agreement.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.63 to $118.64 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.
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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $118.6550 to $119.5250 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $119.83 to $120.82 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.83 to $120.8550 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.
The RSUs vest over four years. 25% of the RSUs vested on March 9, 2019 and the remaining shares vest in 12 equal quarterly installments thereafter.
On January 11, 2019, the Reporting Person was granted RSUs covering 100,000 shares of common stock, which vests in tranches upon the Reporting Person achieving certain milestones relating to a combination of the passage of time and the Reporting Person achieving certain milestones relating to the Issuer's stock price. On September 9, 2021, the criteria was satisfied for the vesting of RSUs covering 15,625 shares of Common Stock.
This option vested and became exercisable upon the Reporting Person achieving certain milestones relating to a combination of the passage of time and the Reporting Person achieving certain milestones relating to the Issuer's stock price. As of September 9, 2021, the criteria was satisfied with respect to 31,250 additional shares.
The option shares are fully vested and may be exercised at any time.
The option shares vest over four years. 25% of the option shares vested and became exercisable on March 9, 2019 and the remaining shares vest in 36 equal monthly installments thereafter.
The option shares vest over four years. 25% of the option shares vested and became exercisable on January 2, 2020 and the remaining shares vest in 36 equal monthly installments thereafter.
The option shares vest over four years. 25% of the option shares vested and became exercisable on March 22, 2020 and the remaining shares vest in 36 equal monthly installments thereafter.
The option became exercisable upon the Reporting Person achieving certain milestones relating to a combination of the passage of time and the Reporting Person achieving certain milestones relating to the Issuer's stock price.