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

Jonathan Sheena, co-founder of Natera, Inc., sold shares of common stock on May 23, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 23, 2024, Jonathan Sheena, co-founder of Natera, Inc., executed multiple sales of Natera's common stock.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on March 13, 2023.
• The transactions involved sales from direct holdings and holdings through Caraluna 1 Trust and Caraluna 2 Trust, which are held for the benefit of the Reporting Person's minor children.
• A total of 307,208 shares were held directly.
• The prices per share varied across the transactions, ranging from approximately $107.40 to $109.20.
• After the reported transactions, Sheena continues to indirectly own 68,582 shares through Caraluna 1 Trust and 68,582 shares through Caraluna 2 Trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by an insider. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives and major shareholders to utilize 10b5-1 trading plans to sell shares over time, which helps to avoid accusations of trading on inside information. The impact on the stock price is usually minimal unless the sales are unusually large or frequent.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates