Form 4: Natera CFO Michael Brophy Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Natera's CFO, Michael Brophy, sold 2,826 shares of common stock on March 5, 2024, to satisfy tax obligations related to vesting Restricted Stock Units.
Summary
- On March 5, 2024, Michael Brophy, the Chief Financial Officer of Natera, Inc., sold 2,826 shares of the company's common stock.
- The sale was executed at a price of $88.365 per share.
- This transaction was conducted to cover tax withholding and remittance obligations associated with the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Brophy directly owns 70,646 shares of Natera's common stock.
- The sale was conducted in compliance with Rule 10b5-1.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (sale of shares for tax obligations) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This filing indicates routine activity rather than a strategic shift in the executive's investment in the company.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of stock sale transaction. |
| 03/07/2024 | Date of signature on the Form 4 filing. |
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