Form 4: Natera CFO Michael Brophy Reports Stock Transactions
SEC Form 4 Filing
Michael Brophy, CFO of Natera, Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On March 27, 2024, Michael Brophy, the CFO of Natera, Inc., had restricted stock units (RSUs) vest, representing the right to receive 2,292 shares of Natera's common stock.
- To cover tax withholding obligations related to the vesting of these RSUs, Mr. Brophy sold 914 shares of common stock on March 28, 2024, at a price of $90.4158 per share.
- Following these transactions, Mr. Brophy directly owns 72,024 shares of Natera's common stock.
- The vesting of the RSUs is part of a four-year vesting schedule, with 25% vesting on March 27, 2021, and the remaining shares vesting in 12 equal quarterly installments thereafter.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by a company insider, with no inherently positive or negative implications.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about insider transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 03/27/2020 | Date of the Reporting Person's Stock Unit Agreement. |
| 03/27/2021 | 25% of the RSUs vested. |
| 03/27/2024 | Vesting of 2,292 Restricted Stock Units. |
| 03/28/2024 | Sale of 914 shares at $90.4158 per share. |
| 03/29/2024 | Date of Form 4 filing. |
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