Form 4: Natera CEO Sells Shares to Cover Tax Obligations

Natera's CEO, Steven Leonard Chapman, sold shares to cover tax obligations related to the vesting of Restricted Stock Units (RSUs).

Summary

• Steven Leonard Chapman, CEO and President of Natera, Inc., sold a total of 13,685 shares of common stock on January 29, 2025.
• The sales were executed in multiple transactions at prices of $165.8687 and $167.31 per share.
• These sales were made to cover tax withholding and remittance obligations associated with the vesting of Restricted Stock Units (RSUs).
• The transactions were conducted under a pre-arranged trading plan (Rule 10b5-1(c)).
• Following these transactions, Mr. Chapman directly owns 253,944 shares of Natera common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when RSUs vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across the industry.
• Many companies use RSUs as part of their compensation packages, leading to similar tax-related sales.
• The use of Rule 10b5-1 trading plans is also a standard practice to avoid accusations of insider trading.

Stakeholder Impact

• The stock sales may have a minor impact on the share price, but are not expected to be significant due to the pre-planned nature of the transactions.

Key Dates

Keywords

Natera, Steven Leonard Chapman, stock sale, Form 4, insider trading, Rule 10b5-1, RSU, tax obligations