Marcus Gail Boxer 4

What Happened Marcus Gail Boxer, a director of Natera, received two awards of restricted stock units (RSUs) on June 26, 2026: 1,571 RSUs that vest in full on June 11, 2027 (or on a change in control) and 98 RSUs issued in lieu of a $21,875 quarterly board retainer that were fully vested at issuance. The awards were reported as acquisitions (code A) with no per-share price (N/A) because these are equity awards, not open-market purchases.

Key Details

• Transaction date: June 26, 2026; Form 4 filed June 30, 2026 (reports the June 26 transaction).
• Amounts: 1,571 RSUs (future vest 6/11/2027; accelerate on change in control) + 98 RSUs (issued in lieu of $21,875 retainer; fully vested at issuance) = 1,669 RSUs total.
• Price/value: Reported as N/A for per-share price (equity awards). The 98 RSUs replaced a $21,875 fee per the filing.
• RSU mechanics: Each RSU represents a contingent right to receive one share of common stock upon vesting.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Filed 4 days after the transaction (June 30 reporting a June 26 event); Form 4s are generally due within two business days, so timing may be outside the typical window depending on business-day calculations.

Context RSU awards are a routine form of director compensation and are not the same as an insider purchasing shares on the open market; the 98 RSUs were already vested at issuance (immediate ownership), while the 1,571 RSUs remain subject to future vesting. RSUs convert to actual shares only when they vest and are delivered, so these awards do not necessarily indicate a personal market view by the director.