Form 4: Natera's SEC. & Chief Legal Officer Daniel Rabinowitz Reports Sale of 1,057 Shares for Tax Obligations

Daniel Rabinowitz, SEC. and Chief Legal Officer of Natera, Inc., reported the sale of 1,057 shares of common stock to cover tax obligations related to vesting RSUs.

Summary

• On October 28, 2024, Daniel Rabinowitz, the SEC. and Chief Legal Officer of Natera, Inc., sold 1,057 shares of common stock.
• The shares were sold at a price of $118.2105 per share.
• The sale was executed to satisfy tax withholding and remittance obligations associated with the vesting of Restricted Stock Units (RSUs).
• The transaction was conducted under a pre-arranged written instruction intended to comply with Rule 10b5-1(c) of the Exchange Act.
• Following the transaction, Rabinowitz beneficially owns 206,027 shares of Natera's common stock.

Sentiment

Score: 5

Explanation: The document reports a routine transaction (sale of shares for tax obligations) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Sales of shares by company executives to cover tax obligations upon vesting of RSUs are a common practice. These transactions are often pre-planned under Rule 10b5-1(c) to avoid accusations of insider trading.

Stakeholder Impact

• The sale of shares by an officer could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates