RABINOWITZ DANIEL 4

What Happened
Daniel Rabinowitz, Natera’s Secretary and Chief Legal Officer, sold a total of 33,600 NTRA shares in open-market transactions on June 24, 2026. The sales were reported in four tranches:

• 16,204 shares at a weighted average price of $250.25 — proceeds $4,055,036 (prices ranged $250.00–$250.99).
• 1,200 shares at $251.60 — proceeds $301,915 (prices ranged $251.00–$251.71).
• 5,066 shares at $252.31 — proceeds $1,278,190 (prices ranged $252.00–$252.98).
• 11,130 shares at $253.39 — proceeds $2,820,213 (prices ranged $253.03–$253.79).
  Aggregate proceeds were $8,455,354. These were sales (not purchases) and were effected pursuant to a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date: June 24, 2026; Form 4 filed June 26, 2026 (appears timely — within the usual two-business-day window).
• Transaction type: Open-market sales (code S), executed in multiple trades; reported prices are weighted averages.
• Shares sold: 33,600 total; aggregate proceeds $8,455,354.
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes: F1 — sales were effected under a Rule 10b5-1 trading plan adopted Dec 5, 2025. F2–F5 — each reported price is a weighted average; the filing discloses price ranges for each tranche and offers to provide a breakdown on request.
• No indication in the filing of tax withholding, option exercise, gift, or other non-sale mechanics.

Context

• Sales executed under a 10b5-1 plan are pre-arranged and often routine; they do not, by themselves, indicate the insider’s current view of the company.
• For retail investors, purchases by insiders can be more informative about insider conviction; multiple planned sales are common for liquidity or diversification reasons.
• Rabinowitz is an executive officer (not a reported 10% owner), so these are executive-level sales reported under Form 4 rules.