Form 4: Natera CEO Sells Over 5,300 Shares Under Pre-Arranged Trading Plan

Natera, Inc. CEO and President Steven Leonard Chapman sold 5,343 shares of common stock on July 1, 2025, through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Steven Leonard Chapman, CEO and President, and a Director of Natera, Inc. (NTRA), reported the sale of common stock.
• A total of 5,343 shares of Natera common stock were sold on July 1, 2025.
• The sales were executed at weighted average prices ranging from $163.9964 to $167.7685 per share.
• Specifically, 1,008 shares were sold at a weighted average price of $163.9964, with prices ranging from $163.55 to $164.35.
• An additional 500 shares were sold at a weighted average price of $165.834, with prices ranging from $165.48 to $166.45.
• Furthermore, 3,187 shares were sold at a weighted average price of $167.1914, with prices ranging from $166.64 to $167.60.
• Finally, 648 shares were sold at a weighted average price of $167.7685, with prices ranging from $167.6750 to $167.79.
• Following these transactions, Steven Leonard Chapman beneficially owns 173,728 shares of Natera common stock.
• The sales were conducted pursuant to a Rule 10b5-1 trading plan adopted on December 11, 2023, and subsequently amended on December 2, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an insider sale can sometimes be perceived negatively, the fact that it was conducted under a pre-arranged Rule 10b5-1 plan mitigates concerns about its implications for the company's immediate prospects or the insider's confidence.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, indicating a pre-scheduled transaction rather than a discretionary sale based on immediate market conditions or non-public information.

Negatives

• The CEO and President, Steven Leonard Chapman, reduced his direct beneficial ownership in the company by 5,343 shares.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine disclosure of an insider stock transaction for Natera, Inc. and does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: May observe a reduction in direct insider ownership, which could be interpreted differently depending on individual investment philosophies. The 10b5-1 plan context typically reduces negative sentiment.

Key Dates

Recommendation

Keywords

Natera, NTRA, Form 4, Insider Trading, Stock Sale, Steven Leonard Chapman, CEO, 10b5-1 Plan, Common Stock, Beneficial Ownership