Form 4: Natera Executive Chairman Matthew Rabinowitz Exercises Stock Options and Reports Beneficial Ownership
SEC Form 4 Filing
Matthew Rabinowitz, Executive Chairman of Natera, Inc., reports exercising stock options and changes in beneficial ownership of common stock.
Summary
- On August 8, 2024, Matthew Rabinowitz, the Executive Chairman of Natera, Inc., exercised stock options to acquire 190,000 shares of common stock at a price of $5.3953 per share.
- Following the transaction, Rabinowitz directly owns 1,480,648 shares of Natera common stock.
- He also indirectly owns 860,036 shares through the RMDM Trust and 88,000 shares beneficially owned by his spouse.
- The RMDM Trust is an irrevocable spendthrift trust, and Rabinowitz disclaims beneficial ownership except to the extent of his pecuniary interest.
- After the transaction, Rabinowitz directly owns 208,496 stock options.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the increase in outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 08/08/2024 | Date of stock option exercise and transaction. |
| 08/09/2024 | Date of signature for the Form 4 filing. |
| 12/09/2024 | Expiration date of the stock options. |
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