Form 4: Natera CEO Steven Chapman Reports Stock Sale to Cover Tax Obligations
SEC Form 4
Natera CEO Steven Chapman sold 9,326 shares of common stock on March 5, 2024, to satisfy tax withholding obligations related to vesting Restricted Stock Units.
Summary
- On March 5, 2024, Steven Leonard Chapman, CEO and President of Natera, Inc., sold 9,326 shares of Natera's common stock at a price of $88.365 per share.
- The sale was executed to cover tax withholding and remittance obligations associated with the vesting of Restricted Stock Units, in compliance with Rule 10b5-1.
- Following the transaction, Chapman directly owns 246,957 shares of Natera's common stock.
- Chapman also indirectly owns 50,910 shares through the Rosewood Trust, an irrevocable spendthrift trust where he disclaims beneficial ownership except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it has a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares to cover tax obligations is a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of stock sale transaction. |
| 03/07/2024 | Date of Form 4 filing. |
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