Form 4: Natera Co-Founder Jonathan Sheena Sells Shares
SEC Form 4 Filing
Jonathan Sheena, co-founder of Natera, Inc., reports the sale of common stock shares in multiple transactions on March 17 and 18, 2025, according to a Form 4 filing with the SEC.
Summary
- Jonathan Sheena, a co-founder of Natera, Inc., filed a Form 4 with the SEC indicating changes in beneficial ownership.
- On March 17, 2025, Sheena sold 181 shares of common stock at a price of $146.0277 per share to cover tax obligations related to vesting RSUs.
- On March 18, 2025, Sheena sold a total of 4,197 shares of common stock through multiple transactions at varying prices, ranging from $144.55 to $147.01 per share.
- These sales were executed under Rule 10b5-1 trading plans adopted on December 12, 2023, and June 7, 2024.
- Following these transactions, Sheena directly owns 258,319 shares and indirectly owns 84,054 shares through Caraluna 1 Trust and Caraluna 2 Trust.
- Sheena disclaims beneficial ownership of the shares held in the trusts.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock sales under pre-existing trading plans, which is a common practice. There's no indication of positive or negative sentiment towards the company's future.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The stock sales by a co-founder could be perceived negatively by some shareholders, potentially leading to slight downward pressure on the stock price in the short term.
- However, the existence of pre-arranged trading plans mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2023-12-12 | Date of adoption of Rule 10b5-1 trading plan by the Reporting Person. |
| 2024-06-07 | Date of adoption of Rule 10b5-1 trading plan by the Reporting Person. |
| 2025-03-12 | Date of Stock Unit Agreement grant. |
| 2025-03-17 | Date of first reported transaction: sale of 181 shares. |
| 2025-03-18 | Date of subsequent reported transactions: sale of 4,197 shares. |
| 2025-03-19 | Date of signature of the Form 4 filing. |
Keywords
Form 4, Natera, Jonathan Sheena, Stock Sale, Beneficial Ownership, Rule 10b5-1, NTRA
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