RABINOWITZ DANIEL 4

What Happened Daniel Rabinowitz, Natera's Secretary and Chief Legal Officer, sold 1,334 shares on 2026-02-03 at $230.77 per share, generating proceeds of $307,845. The transaction is reported as a sale (code S) and was done to satisfy tax withholding obligations related to vested restricted stock units (RSUs).

Key Details

• Transaction date: 2026-02-03; Price: $230.77 per share; Total proceeds: $307,845.
• Transaction type: Open market or private sale (reported as sale, S).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: Sale effected to satisfy tax withholding/remittance for vested RSUs and made pursuant to a written instruction intended to satisfy the affirmative defense conditions of Rule 10b5-1(c); Stock Unit Agreement was granted January 31, 2025.
• Filing: Form 4 filed 2026-02-04 for the 2026-02-03 transaction — appears to be timely.

Context Sales made to cover tax withholding on vested awards are routine and do not necessarily indicate a change in the insider’s view of the company. The filing notes a prearranged instruction intended to meet Rule 10b5-1(c) conditions, meaning the sale was part of an automated or pre-approved procedure tied to RSU vesting rather than an ad hoc market-timing decision.