Natera (NTRA) CEO Steven Chapman Sells 3,076 Shares

What Happened

• Steven L. Chapman, CEO, President and Director of Natera, sold a total of 3,076 shares on August 3, 2026 in multiple open-market transactions for aggregate proceeds of approximately $819,432. Individual tranches reported include: 1,182 shares at $267.99 ($316,763); 160 shares at $259.98 ($41,597); 70 shares at $261.02 ($18,272); 676 shares at $263.86 ($178,371); 80 shares at $265.27 ($21,222); 296 shares at $267.08 ($79,057); and 612 shares at $268.22 ($164,150). These were sales (S), not purchases.

Key Details

• Transaction date: August 3, 2026; Form 4 filed August 5, 2026 (timely filing).
• Total shares sold: 3,076; total proceeds: ≈ $819,432.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Notable disclosures: some sales were to satisfy tax withholding on RSU vesting (footnote F1); other sales were made pursuant to a Rule 10b5-1 trading plan adopted Dec 11, 2023 and amended Dec 2, 2024 and Mar 5, 2026 (F2). Several reported prices are weighted averages across multiple trades with price ranges shown in the filing (F3–F5).
• Filing status: appears timely (filed two days after the reporting period date).

Context

• The filing indicates these were routine sales tied to RSU tax withholding and pre-arranged 10b5-1 plan trades. A 10b5-1 plan is a pre-set trading arrangement that allows insiders to sell shares at scheduled times and can limit inference about insider sentiment. Sales to cover tax withholding are common when restricted stock/RSUs vest and do not by themselves indicate a change in the insider’s view of the company.