RABINOWITZ DANIEL 4

Accession 0001857843-26-000003

CIK 0001604821other

Filed

Jan 21, 7:00 PM ET

Accepted

Jan 22, 9:05 PM ET

Size

10.9 KB

Accession

0001857843-26-000003

AI-generated summary of this filing

Updated Jan 23, 2026

Natera (NTRA) CLO Daniel Rabinowitz Sells Shares

What Happened

Daniel Rabinowitz, Natera’s Secretary and Chief Legal Officer, sold a total of 19,672 shares in two open‑market transactions: 19,234 shares on 2026-01-20 at $234.74 ($4,514,958) and 438 shares on 2026-01-21 at $235.00 ($102,930), totaling approximately $4,617,888. The filing also shows conversion/exercise activity of 856 RSU-derived shares on 2026-01-20, with 856 shares effectively withheld/removed (reported as a derivative disposition at $0), consistent with tax withholding related to vesting.

Key Details

Transaction dates & prices:
- 2026-01-20: Sold 19,234 shares @ $234.74 — $4,514,958
- 2026-01-21: Sold 438 shares @ $235.00 — $102,930
- 2026-01-20: 856 RSU shares converted/exercised (acquired) and 856 RSU shares reported as disposed @ $0 (withheld/cancelled)
Shares owned after transaction: Not specified in the provided filing data.
Footnotes: Sales were effected to satisfy tax withholding on vested RSUs and executed pursuant to a written instruction intended to meet the affirmative defense conditions of Rule 10b5-1(c) (see footnotes F1 and F3). Each RSU equals one share (F2). RSUs vest over four years with 25% vesting on Jan 20, 2023 and the remainder in 12 equal quarterly installments (F4).
Filing timeliness: Report filed 2026-01-22 for transactions through 2026-01-20—appears to be within the standard two‑business‑day reporting window.

Context

These transactions appear to be routine sales to cover tax withholding on vested RSUs rather than discretionary open‑market selling for investment reasons. The filing shows RSU conversion/exercise and share withholding (a common cashless/withholding mechanism), which typically do not signal insider sentiment in the same way outright purchases might.

Form 4

Period: 2026-01-20

SEC. AND CHIEF LEGAL OFFICER

Transactions

Sale
Common Stock
[F1]
2026-01-20$234.74/sh−19,234$4,514,958→ 226,615 total
Exercise/Conversion
Common Stock
[F2]
2026-01-20+856→ 227,471 total
Sale
Common Stock
[F3]
2026-01-21$235.00/sh−438$102,930→ 227,033 total
Exercise/Conversion
Restricted Stock Unit
[F2][F4]
2026-01-20−856→ 0 total
→ Common Stock (856 underlying)

Footnotes (4)

[F1]The sale of shares was effected in order to satisfy tax withholding and remittance obligations in connection with the vesting of Restricted Stock Units (RSUs) and made pursuant to a written instruction that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act contained in the Reporting Person's Stock Unit Agreement granted on January 27, 2023.
[F2]Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
[F3]The sale of shares was effected in order to satisfy tax withholding and remittance obligations in connection with the vesting of RSUs and made pursuant to a written instruction that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act contained in the Reporting Person's Stock Unit Agreement granted on January 28, 2022.
[F4]The RSUs vest over four years. 25% of the RSUs vested on January 20, 2023 and the remaining shares vest in 12 equal quarterly installments thereafter.

Signature

/s/ Tami Chen, Attorney-in-Fact|2026-01-22

1 file

Natera, Inc.

CIK 0001604821

Entity typeother