Form 4: Natera CFO Michael Brophy Reports Stock Transactions
SEC Form 4 Filing
Michael Brophy, CFO of Natera, Inc., reports the vesting and sale of restricted stock units to cover tax obligations.
Summary
- Michael Brophy, the Chief Financial Officer of Natera, Inc., reported several transactions involving the company's common stock.
- These transactions included the vesting of restricted stock units (RSUs) and the subsequent sale of shares to cover tax withholding obligations.
- On April 20, 2024, 1,521 RSUs vested, followed by 1,145 on April 21, 2024, and 1,250 on April 22, 2024.
- A total of 1,523 shares were sold on April 23, 2024, at a price of $91.3792 per share.
- Following these transactions, Brophy directly owns 73,039 shares of Natera's common stock.
- The RSUs vest over four years, with 25% vesting initially and the remaining shares vesting in 12 equal quarterly installments.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive, indicating a neutral sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares by a company executive.
Key Dates
| Date | Description |
|---|---|
| 01/22/2021 | Date of Stock Unit Agreements granted to the Reporting Person |
| 10/22/2021 | Date of Stock Unit Agreements granted to the Reporting Person |
| 01/28/2022 | Date of Stock Unit Agreements granted to the Reporting Person |
| 01/21/2022 | 25% of RSUs vested |
| 10/22/2022 | 25% of RSUs vested |
| 01/20/2023 | 25% of RSUs vested |
| 04/20/2024 | RSUs vested |
| 04/21/2024 | RSUs vested |
| 04/22/2024 | RSUs vested |
| 04/23/2024 | Shares sold to cover tax obligations |
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