Form 4: Natera CEO Sells Shares Under Pre-Arranged Trading Plan
Insider Transaction Report
Natera's CEO, Steven Leonard Chapman, reported the vesting of restricted stock units and subsequent sales of common stock under a pre-arranged trading plan.
Summary
- Steven Leonard Chapman, CEO and President of Natera, Inc. (NTRA), reported transactions involving the company's common stock.
- On September 29, 2025, 18,750 Restricted Stock Units (RSUs) vested, converting into common stock. These RSUs were part of a grant from January 22, 2021, contingent on both time passage and the achievement of specific Issuer stock price milestones.
- On September 30, 2025, 9,109 shares were sold at a weighted average price of $162.0528. This sale was specifically to satisfy tax withholding and remittance obligations related to the RSU vesting.
- On October 1, 2025, a total of 14,083 shares were sold through multiple transactions under a Rule 10b5-1 trading plan. This plan was adopted by Mr. Chapman on December 11, 2023, and subsequently amended on December 2, 2024.
- The sales on October 1, 2025, occurred at weighted average prices ranging from $158.8434 to $161.4724.
- Following these reported transactions, Mr. Chapman beneficially owns 154,072 shares of Natera Common Stock.
Sentiment
Score: 5
Explanation: The filing is a routine compliance disclosure of insider transactions, including RSU vesting and planned stock sales for tax purposes and under a 10b5-1 plan. It does not contain information that would significantly alter the fundamental outlook or sentiment towards the company.
Positives
- The vesting of 18,750 Restricted Stock Units indicates the achievement of pre-defined milestones related to both time and Natera's stock price performance, reflecting positively on the company's operational and market progress.
Negatives
- The reported sales represent a reduction in the CEO's direct beneficial ownership of Natera common stock, although these sales are routine and pre-planned.
Stakeholder Impact
- Shareholders: Provides transparency regarding the CEO's stock ownership changes, which are routine and pre-planned, thus unlikely to cause significant concern.
Key Dates
| Date | Description |
|---|---|
| 01/22/2021 | Date of original Restricted Stock Unit (RSU) grant to Steven Leonard Chapman. |
| 12/11/2023 | Date the Rule 10b5-1 trading plan was adopted by Steven Leonard Chapman. |
| 12/02/2024 | Date the Rule 10b5-1 trading plan was amended by Steven Leonard Chapman. |
| 09/29/2025 | Vesting date for 18,750 Restricted Stock Units (RSUs). |
| 09/30/2025 | Date of sale of 9,109 shares to satisfy tax withholding obligations. |
| 10/01/2025 | Date of multiple sales totaling 14,083 shares under a Rule 10b5-1 trading plan. |
Keywords
Natera, NTRA, Steven Leonard Chapman, CEO, Insider Trading, Form 4, Restricted Stock Units, RSU Vesting, Stock Sale, 10b5-1 Plan, Tax Withholding
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