BOTHA ROELOF 4

What Happened Roelof Botha, a director of Natera, received two awards on June 26, 2026: 1,571 restricted stock units (RSUs) and 120 RSUs. No cash price was paid (these were awards/grants rather than open‑market purchases or sales). The 1,571 RSUs vest in full on June 11, 2027 (and accelerate upon a change in control); the 120 RSUs were issued in lieu of a quarterly board retainer and were fully vested at issuance.

Key Details

• Transaction date: 2026-06-26; Form 4 filed 2026-06-30 (filed four days after the transaction, which appears to exceed the SEC’s typical 2-business-day Form 4 window).
• Shares/units granted: 1,571 RSUs (vesting 6/11/2027) and 120 RSUs (issued in lieu of a $26,875 quarterly retainer and fully vested).
• Price per share: N/A (awards/grants); total dollar value not stated in the filing.
• Shares owned after transaction: not reported on this Form 4.
• Footnotes: F1 — 1,571 RSUs vest in full on June 11, 2027 (or upon change in control). F2 — each RSU represents a contingent right to one share. F3 — 120 RSUs were issued in lieu of quarterly retainer fees and were fully vested at issuance.
• Transaction code: A = Award/Grant.

Context RSU awards are compensation, not open‑market purchases, so they reflect pay practices rather than an immediate buy/sell signal. The 120 RSUs being vested at issuance means those units are effectively immediate compensation; the larger 1,571 RSUs remain subject to future vesting conditions (or accelerate on a change in control). The late filing note is procedural — late Form 4s can draw regulatory scrutiny but do not by themselves indicate insider intent.