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

Natera's CEO, Steven Chapman, sold 4,084 shares of common stock on July 29, 2024, to satisfy tax withholding obligations related to vesting RSUs.

Summary

• On July 29, 2024, Steven Leonard Chapman, CEO and President of Natera, Inc., sold 4,084 shares of Natera's common stock.
• The shares were sold at a price of $102.7657 per share.
• The transaction was executed to cover tax withholding and remittance obligations associated with the vesting of Restricted Stock Units (RSUs).
• The sale was conducted under a pre-arranged trading plan intended to comply with Rule 10b5-1(c) of the Exchange Act, as part of Chapman's Stock Unit Agreement granted on January 27, 2023.
• Following the transaction, Chapman still beneficially owns 206,293 shares of Natera's common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.

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 shareholders due to the increased supply of shares in the market, but it's unlikely to be significant given the relatively small number of shares sold.

Key Dates