Form 4: Natera Co-Founder Jonathan Sheena Sells Shares Under 10b5-1 Trading Plan

Jonathan Sheena, co-founder of Natera, Inc., sold 2,700 shares of common stock at an average price of $109.6591 under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On June 18, 2024, Jonathan Sheena, co-founder of Natera, Inc., sold 2,700 shares of common stock.
• The sale was executed under a Rule 10b5-1 trading plan adopted on December 12, 2023.
• The shares were sold at prices ranging from $109.24 to $110.20, with a weighted average price of $109.6591.
• Following the transaction, Sheena directly owns 304,508 shares of Natera common stock.
• Sheena also indirectly owns 68,582 shares through the Caraluna 1 Trust and 68,582 shares through the Caraluna 2 Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned through Rule 10b5-1 trading plans to avoid accusations of trading on material non-public information. The filing provides transparency into the transactions of company insiders.

Stakeholder Impact

• The sale of shares by a co-founder could have a minor negative impact on investor sentiment, although the existence of a pre-arranged trading plan mitigates this concern.

Key Dates