Marcus Gail Boxer 4

What Happened

• Marcus Gail Boxer, a director of Natera, was issued 91 Restricted Stock Units (RSUs) on 2026-01-30 as an award (reported on Form 4 filed 2026-02-03). The RSUs were issued in lieu of a quarterly board retainer worth $21,875 and were fully vested at issuance. Each RSU represents the contingent right to receive one share of Natera common stock, so the award corresponds to 91 shares (implied grant value ≈ $240.38 per share, total $21,875). No per-share purchase price was reported (N/A).

Key Details

• Transaction date: 2026-01-30; Form 4 filed: 2026-02-03
• Transaction type/code: Award/Grant (A) — 91 RSUs acquired
• Reported value: $21,875 (per footnote: RSUs issued in lieu of $21,875 quarterly retainer)
• RSU terms: Fully vested at issuance; each RSU converts to one share
• Shares owned after transaction: Not specified in the filing
• No indication of a 10b5-1 plan, sale, tax withholding, or late-filing flag in the provided details

Context

• This was a compensation award replacing a cash retainer (routine board compensation) rather than a market purchase or sale; because the RSUs were fully vested at grant, the reporting person effectively acquired the economic interest in the underlying shares at issuance. Awards like this are common for non-employee directors and do not by themselves indicate insider buying/selling sentiment.