Baynes Roy D. 4

What Happened

• Roy Baynes, a director of Natera, Inc. (NTRA), was issued 83 Restricted Stock Units (RSUs) on April 24, 2026 as payment of his quarterly board retainer. The filing lists this as an acquisition (grant/award). The RSUs were issued in lieu of $16,875 in fees, implying about $203.31 per RSU based on that retainer amount. The RSUs were fully vested at issuance and each RSU represents a contingent right to one share of common stock.

Key Details

• Transaction date: 2026-04-24; Form 4 filed: 2026-04-28 (filed within required reporting window).
• Transaction type/code: Award/Grant (A).
• Shares issued: 83 RSUs; total retainer value: $16,875 (≈ $203.31 per RSU based on the retainer amount).
• Vesting/status: RSUs were fully vested at issuance (no future vesting required).
• Conversion: Each RSU equals a contingent right to one share of Natera common stock (per footnote).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: F1 — RSUs issued in lieu of quarterly retainer fees; F2 — each RSU converts to one share.

Context

• This is routine director compensation rather than an open-market purchase or sale. Grants of vested RSUs to directors are common and typically reflect payment of fees, not a directional trading signal.