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

Jonathan Sheena, co-founder of Natera, Inc., sold shares of common stock on September 18, 2024, under pre-arranged Rule 10b5-1 trading plans.

Summary

• On September 18, 2024, Jonathan Sheena, co-founder of Natera, Inc., executed sales of Natera's common stock.
• The sales were conducted under two Rule 10b5-1 trading plans.
• The first trading plan, adopted on December 12, 2023, resulted in the sale of 1,922 shares at a weighted average price of $127.3786 and 778 shares at a weighted average price of $128.057.
• The second trading plan, adopted on March 13, 2023, resulted in the sale of 6,404 shares at a weighted average price of $127.3779, 3,246 shares at a weighted average price of $128.0585, 6,584 shares at a weighted average price of $127.3852 and 3,066 shares at a weighted average price of $128.0748.
• Following these transactions, Sheena directly owns 284,741 shares and indirectly owns 61,998 shares through the Caraluna 2 Trust and 58,932 shares through the Caraluna 1 Trust.
• Sheena disclaims beneficial ownership of shares held in the Caraluna 1 and 2 Trusts, which are held for the benefit of the Reporting Person's minor children.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider trading. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions.

Industry Context

Insider sales are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares over time while avoiding accusations of trading on non-public information. The market will often scrutinize the size and frequency of these sales to gauge insider sentiment.

Stakeholder Impact

• Shareholders may interpret insider sales as a lack of confidence in the company's future prospects, potentially leading to a decrease in stock price.
• However, sales under 10b5-1 plans are often pre-planned and may not reflect the insider's current outlook on the company.

Key Dates