BOTHA ROELOF 4

What Happened

• Roelof Botha, a director of Natera, received equity awards in the form of Restricted Stock Units (RSUs) on April 24, 2026. The grants total 354 RSUs: 132 RSUs issued in lieu of a quarterly director retainer and 222 RSUs issued under a separate award. No cash was paid and no share sale occurred.

Key Details

• Transaction date: 2026-04-24; Form 4 filed: 2026-04-28 (filed four days after the transaction; note Form 4s are typically due within two business days).
• Grants: 132 RSUs issued in lieu of quarterly retainer fees of $26,875 (per footnote); 222 RSUs issued under a separate RSU award.
• Price/value reported: N/A for share price; the retainer-equivalent amount is $26,875 for the 132-RSU grant (footnote).
• Vesting: The 132 RSUs were fully vested at issuance (footnote). For the 222 RSUs, 25% vest immediately and the remaining RSUs vest in three equal quarterly installments thereafter (footnote).
• Conversion: Each RSU represents a contingent right to receive one share of common stock upon settlement (footnote).
• Shares owned after transaction: not specified in the filing.

Context

• RSU awards are compensation, not open-market purchases or sales; they do not necessarily signal the insider buying or selling stock. The retainer-related RSUs substituted for cash board fees; the other award has immediate partial vesting with the balance vesting over the next three quarters.