Brophy Michael Burkes 4

What Happened
Natera (NTRA) Chief Financial Officer Michael Brophy sold a total of 5,064 shares in open-market/private sales across January 27–29, 2026, generating gross proceeds of approximately $1.19 million. Individual transactions reported: 784 shares at $240.53 ($188,577); 1,237 shares at $237.66 ($293,988); 1,176 shares at $237.44 ($279,233); 991 shares at a weighted average $229.94 ($227,866); and 876 shares at a weighted average $230.92 ($202,289). These were sales, not purchases.

Key Details

• Transaction dates: Jan 27, 28 and 29, 2026. Filing date: Jan 29, 2026 (timely within the 2-business-day Form 4 window).
• Total shares sold: 5,064; total reported proceeds: ~$1,191,953.
• Shares owned after the transactions: not specified in the information provided here (see the Form 4 for exact post-transaction holdings).
• Footnotes: sales were partly to satisfy tax-withholding on vested RSUs (F1, F2) and were also effected under a Rule 10b5-1 trading plan adopted June 9, 2025 and modified Sept 10, 2025 (F3). Two sales are reported as weighted-average prices with small price ranges; the filer offers a full breakdown on request (F4, F5).

Context
These transactions are sales (often routine) and include tax-withholding disposals related to RSU vesting and plan-based executions under a 10b5-1 plan. Such filings document insider activity but do not by themselves indicate company performance or insiders’ future views.