Brophy Michael Burkes 4

What Happened

• Brophy Michael Burkes (listed as Natera's Chief Financial Officer) sold a total of 795 NTRA shares in two open‑market transactions: 313 shares on 2026‑05‑01 at $206.16 ($64,528) and 482 shares on 2026‑05‑04 at $210.49 ($101,456), for aggregate proceeds of $165,984. These were sales (not purchases).

Key Details

• Transaction dates & prices: 2026‑05‑01 — 313 sh @ $206.16; 2026‑05‑04 — 482 sh @ $210.49.
• Total sold: 795 shares for ~$165,984.
• Shares owned after the transactions: not provided in the supplied Form 4 details.
• Footnotes: sales were effected to satisfy tax withholding related to RSU vesting and were made pursuant to written instructions intended to meet Rule 10b5‑1(c) affirmative‑defense conditions (Stock Unit Agreement dated Jan 31, 2025). The sales were also effected under a Rule 10b5‑1 trading plan adopted June 9, 2025 and modified Sept 10, 2025.
• Filing timeliness: Form 4 filed on May 5, 2026 (transactions occurred May 1 and May 4); filing appears timely (Form 4 is generally due within two business days).

Context

• These were routine sell transactions to cover tax withholding on vested RSUs and were executed under a pre‑arranged 10b5‑1 plan. Such sales are typically administrative and do not necessarily signal a change in the insider’s view of the company. Purchases tend to be more informative about insider conviction.