RABINOWITZ DANIEL 4

What Happened
Daniel Rabinowitz, Natera’s Secretary and Chief Legal Officer, sold a total of 8,400 NTRA shares in multiple open-market transactions on April 1, 2026, generating roughly $1,707,814 in proceeds. The sales were reported as five tranches:

• 300 shares at a weighted avg price $200.79 — proceeds $60,236 (prices ranged $200.47–$200.99)
• 1,778 shares at $202.01 — proceeds $359,167 (prices ranged $201.4950–$202.4700)
• 3,213 shares at $203.07 — proceeds $652,470 (prices ranged $202.51–$203.46)
• 1,200 shares at $203.83 — proceeds $244,591 (prices ranged $203.52–$204.25)
• 1,909 shares at $205.00 — proceeds $391,350 (prices ranged $204.54–$205.50)
  All transactions are coded "S" (sale). Sales are typically routine dispositions; they are not inherently a bullish signal.

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (timely filing).
• Total shares sold: 8,400; total proceeds: ≈ $1,707,814.
• Reported prices are weighted averages; the filing provides per-tranche price ranges (see bullets above).
• Footnote F1: These sales were executed under a pre-established Rule 10b5‑1 trading plan adopted Dec 5, 2025. Footnotes F2–F6 disclose the specific price ranges for each tranche.
• Shares owned after the transactions: not specified in the provided filing details.
• Transaction code: S = Sale.

Context

• A 10b5‑1 plan allows insiders to sell according to a preset schedule, which can reduce the appearance of trading on inside information; it does not prove intent.
• For retail investors, purchases by insiders tend to carry more informational weight than routine sales; note this was a planned sale program rather than an ad hoc market sell.