Form 4: Natera's SEC Filing: Officer Daniel Rabinowitz Reports Stock Transactions
SEC Form 4 Filing
Daniel Rabinowitz, SEC and Chief Legal Officer of Natera, Inc., reports transactions involving common stock and restricted stock units.
Summary
- Daniel Rabinowitz, SEC and Chief Legal Officer of Natera, Inc., filed a Form 4 with the SEC.
- The filing reports transactions involving Natera's common stock and restricted stock units (RSUs).
- On July 20, 2024, 856 RSUs vested and were converted to common stock.
- On July 21, 2024, 644 RSUs vested and were converted to common stock.
- On July 22, 2024, 815 shares of common stock were sold at a weighted average price of $105.1587 per share.
- These sales were to cover tax obligations related to the vesting of the RSUs, pursuant to a pre-arranged 10b5-1 trading plan.
- Following these transactions, Rabinowitz directly owns 207,457 shares of Natera common stock and 1,288 RSUs.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and potential future performance.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the small volume of shares sold.
- The vesting of RSUs is part of the executive compensation plan, impacting the officer's personal holdings.
Key Dates
| Date | Description |
|---|---|
| 01/22/2021 | Date of Stock Unit Agreements granted to Reporting Person |
| 01/28/2022 | Date of Stock Unit Agreements granted to Reporting Person |
| 01/21/2022 | 25% of RSUs vested |
| 01/20/2023 | 25% of RSUs vested |
| 07/20/2024 | 856 RSUs vested and converted to common stock |
| 07/21/2024 | 644 RSUs vested and converted to common stock |
| 07/22/2024 | 815 shares of common stock sold at $105.1587 average price |
| 07/23/2024 | Date of signature on the Form 4 filing |
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