Chapman Steven Leonard 4

What Happened
Steven Leonard Chapman, Natera's CEO, President and a director, sold a total of 41,124 NTRA shares in multiple open‑market transactions on June 4, 2026. The reported proceeds across the 14 reported lots total about $9,089,775. Individual lot prices ranged roughly from about $211.89 to $227.21 per share (many reported as weighted averages across multiple trades).

Key Details

• Transaction date: 2026-06-04 (reported on Form 4 filed 2026-06-05 — timely).
• Total shares sold: 41,124; total proceeds: ~$9.09 million.
• Per‑lot prices (reported weighted averages) span approximately $211.89 to $227.21; several lots include footnoted price ranges and weighted averages (see F2–F15). The filer will provide detailed per‑trade breakdowns on written request.
• Sales were effected pursuant to a Rule 10b5‑1 trading plan adopted Dec 11, 2023 and amended Dec 2, 2024 and Mar 5, 2026 (Footnote F1).
• Shares owned after the transactions are not included in the data you provided — check the filed Form 4 for post‑trade holdings.

Context

• These were planned dispositions under a 10b5‑1 plan (pre‑arranged trading), which is common for executives and typically indicates routine sales rather than new, contemporaneous insider decisions.
• Sales (S) are generally less informative about management’s near‑term view than purchases; factual record only — no commentary on motive.