Baynes Roy D. 4

What Happened

• Roy Baynes, a director of Natera, Inc. (NTRA), was issued 70 restricted stock units (RSUs) on Jan 30, 2026 as compensation in lieu of his quarterly board retainer. The RSUs were fully vested at issuance and converted into 70 shares of Natera common stock. The award corresponded to a $16,875 quarterly retainer (per the filing). The Form 4 reports the acquisition (transaction code A).

Key Details

• Transaction date: 2026-01-30; Form 4 filed: 2026-02-03 (filed within the two-business-day window).
• Shares acquired: 70 shares via issuance of vested RSUs; price per share not reported on the Form 4.
• Implied value: RSUs issued in lieu of a $16,875 quarterly retainer (per filing footnote).
• Footnotes: F1 — RSUs issued in lieu of retainer; fully vested at issuance. F2 — Each RSU represents a contingent right to one share of common stock.
• Shares owned after transaction: Not disclosed in the provided filing.

Context

• This was an award of compensation (not an open-market purchase or sale) and is a routine director compensation transaction. Because the RSUs were fully vested at issuance, the reporting person immediately acquired the shares rather than receiving a future conditional grant. Awards like this are common for board service and do not, by themselves, signal a change in insider sentiment.