Sheena Jonathan 4

What Happened

• Sheena Jonathan, a director and co‑founder of Natera (NTRA), was issued 258 Restricted Stock Units (RSUs) on March 9, 2026; the RSUs were fully vested at issuance and each RSU represents a contingent right to one share.
• On March 10, 2026 she sold 127 shares in an open‑market transaction at $204.13 per share, generating $25,925. The sale was effected to satisfy tax‑withholding obligations related to the RSU vesting.

Key Details

• Transaction dates: RSU grant on 2026‑03‑09; sale on 2026‑03‑10.
• Sale price: $204.13 per share; total proceeds reported $25,925.
• Shares owned after transaction: Not specified in this filing.
• Footnotes: RSUs were fully vested at grant (F1); each RSU converts to one share (F2); the sale was to satisfy tax withholding and was made pursuant to written instructions intended to meet the affirmative‑defense conditions of a Rule 10b5‑1 plan contained in the Stock Unit Agreement (F3); some securities held for beneficiaries of a trust over which the reporting person disclaims beneficial ownership (F4).
• Filing timeliness: Form 4 filed March 11, 2026 for transactions on March 9–10, 2026 — appears to be timely.

Context

• The award was in the form of vested RSUs (an immediate grant of share rights), and a portion of the resulting shares was sold to cover tax withholding; such “sell to cover” transactions are common after equity awards and do not necessarily indicate a change in insider sentiment.
• The sale was carried out under written instructions intended to satisfy 10b5‑1 affirmative‑defense conditions, meaning it was prearranged rather than an ad‑hoc market timing decision.