Chapman Steven Leonard 4

What Happened
Steven L. Chapman, CEO, President and Director of Natera, sold 902 shares in an open-market/private sale on May 1, 2026, at $206.16 per share for total proceeds of $185,956. The sale was effected to satisfy tax withholding obligations tied to vested restricted stock units (RSUs).

Key Details

• Transaction date and price: 2026-05-01 — 902 shares at $206.16 each.
• Total proceeds: $185,956.
• Transaction type: Sale (S); sale made to satisfy tax withholding on RSU vesting (footnote).
• Footnote: Sale was pursuant to a written instruction intended to meet the affirmative-defense conditions of Rule 10b5-1(c); RSU award granted Jan 31, 2025.
• Filing date: 2026-05-05 (filed within the standard 2 business-day Form 4 window).
• Shares owned after transaction: Not disclosed in the information provided.

Context
This was a routine sale to cover tax withholding related to vested RSUs rather than an independent decision to sell shares for investment reasons. Such withholding sales are common and generally considered administrative rather than a directional signal about the insider’s view on the company.