Form 4: Natera CEO Steven Chapman Sells Shares to Cover Tax Obligations

Natera CEO Steven Chapman sold 3,960 shares of common stock on October 28, 2024, to satisfy tax withholding obligations related to vesting RSUs.

Summary

• On October 28, 2024, Steven Leonard Chapman, CEO and President of Natera, Inc., sold 3,960 shares of Natera's common stock.
• The sale was executed at a price of $118.2105 per share.
• This transaction was conducted to cover tax withholding and remittance obligations associated with the vesting of Restricted Stock Units (RSUs).
• The sale was made pursuant to a pre-arranged written instruction intended to comply with Rule 10b5-1(c) under the Exchange Act, as part of Chapman's Stock Unit Agreement granted on January 27, 2023.
• Following the transaction, Chapman still beneficially owns 189,762 shares of Natera's common stock.

Sentiment

Score: 6

Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It's neutral in tone and doesn't indicate any significant positive or negative developments for the company.

Industry Context

Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among corporate executives and are generally viewed as routine.

Stakeholder Impact

• The sale of shares by the CEO could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect.

Key Dates