BOTHA ROELOF 4

What Happened

• Roelof Botha, a director of Natera, sold a total of 78,000 shares in open-market transactions on June 1, 2026. The reported transactions consist of six lots: 26,411 @ $218.69 ($5,775,771), 10,100 @ $219.78 ($2,219,746), 21,304 @ $220.94 ($4,706,946), 14,885 @ $221.58 ($3,298,290), 2,850 @ $222.79 ($634,964), and 2,450 @ $223.83 ($548,375). Aggregate proceeds reported are approximately $17.18 million. Overall implied average price across all lots ≈ $220.05 per share.
• This is a sale (not a purchase or exercise). Sales by directors are common and do not by themselves prove a change in sentiment.

Key Details

• Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (filed within the typical 2-business-day window).
• Reported lots, prices and proceeds: see amounts above; total = 78,000 shares for ~$17.18M.
• Price notes: each reported price is a weighted average for multiple executions. Reported price ranges across lots: $218.27–$219.26, $219.30–$220.15, $220.32–$221.31, $221.32–$222.17, $222.34–$223.33, and $223.34–$224.11 (see filing footnotes F1–F6).
• Shares owned after the transaction: not specified in the provided summary of the filing.
• No 10b5-1 plan, tax-withholding sale, or other special arrangements are disclosed in the material you provided.

Context

• For retail investors: purchases by insiders are often considered stronger signals than routine open-market sales. Director sales can be for personal liquidity or portfolio management and are not uncommon.
• The filing is informational; it discloses the trades and price ranges but does not state the seller's motives.