Form 4: Natera CEO Steven Chapman Reports Stock Transactions
SEC Form 4 Filing
Natera's CEO, Steven Chapman, reports the acquisition and disposal of common stock and restricted stock units to cover tax obligations.
Summary
- Steven Leonard Chapman, CEO and President of Natera, Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report covers transactions from October 20, 2024, to October 22, 2024.
- Chapman acquired shares through the vesting of Restricted Stock Units (RSUs) and disposed of shares to cover tax obligations related to these vestings.
- Specifically, 3,386 shares were acquired on October 20, 2024, and 1,775 shares were acquired on October 21, 2024, through RSU vesting.
- On October 21, 2024, 1,709 shares were sold at a weighted average price of $120.7575.
- On October 22, 2024, 893 shares were sold at a price of $120.07.
- Following these transactions, Chapman directly owns 193,722 shares of Natera's common stock.
- He also holds 16,930 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an insider, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| January 21, 2022 | Date of Stock Unit Agreement where RSUs vest over four years, with 25% vesting on January 21, 2022, and the remaining shares vesting in 12 equal quarterly installments thereafter. |
| January 28, 2022 | Date of Stock Unit Agreement where RSUs vest over four years, with 25% vesting on January 20, 2023, and the remaining shares vesting in 12 equal quarterly installments thereafter. |
| October 20, 2024 | Date of transaction where 3,386 shares were acquired through RSU vesting. |
| October 21, 2024 | Date of transaction where 1,775 shares were acquired through RSU vesting and 1,709 shares were sold at a weighted average price of $120.7575. |
| October 22, 2024 | Date of transaction where 893 shares were sold at a price of $120.07. |
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