Natera (NTRA) Co‑Founder Sheena Jonathan Sells 18,064 Shares

What Happened
Sheena Jonathan, a director and co‑founder of Natera (NTRA), sold a total of 18,064 shares on September 23, 2026 in a series of open‑market transactions (sales). The blocks ranged in size (from 110 to 2,846 shares) and were reported at per‑share prices between roughly $385.03 and $390.63, yielding aggregate proceeds of approximately $7.01 million. These sales were effected pursuant to a Rule 10b5‑1 trading plan adopted by Ms. Jonathan on June 11, 2026, which indicates the transactions were pre‑scheduled rather than ad hoc trades.

Key Details

• Transaction date: September 23, 2026 (Form 4 filed September 25, 2026 — timely filing).
• Total shares sold: 18,064; approximate total proceeds: $7,008,971 (weighted‑average ≈ $388.06/share).
• Price range reported across multiple blocks: approximately $385.03 to $390.63 per share (several blocks reported as weighted averages with narrower ranges; detailed per‑trade price breakdowns are available on request per the filing).
• Footnote: Sale executed under a Rule 10b5‑1 plan adopted June 11, 2026 (footnote F1). Multiple weighted‑average price footnotes (F2–F13) indicate the shares were sold in multiple transactions at varying prices; the filer offers to provide per‑price breakdowns upon written request.
• Shares owned after the transaction: not specified in the data you provided.

Context

• Sales under a 10b5‑1 plan are generally pre‑arranged and routine; they do not by themselves indicate a change in insider sentiment.
• This filing reports outright sales (transaction code S). For retail investors, purchases and grants typically signal more about insider conviction than planned sales; note this was a pre‑scheduled sale program.