Natera (NTRA) President John Fesko Receives RSUs, Sells Shares

What Happened
John Fesko, President and Chief Business Officer of Natera (NTRA), had performance-based RSUs covering 20,000 shares certified as vested on August 6, 2026 (awarded at $0). On August 10, 2026 he sold 6,517 shares in an open-market transaction at $321.53 per share, generating gross proceeds of approximately $2,095,411. The sale was made to satisfy tax withholding obligations related to the RSU vesting.

Key Details

• Transactions: Award/Acquisition (A) — 20,000 shares vested on 2026-08-06 at $0.00; Sale (S) — 6,517 shares sold 2026-08-10 at $321.53, proceeds ~$2,095,411.
• Shares retained from this vesting: 20,000 vested less 6,517 sold implies ~13,483 shares remained from this vesting (based on the reported transactions).
• Footnotes: F1 confirms the RSUs were performance-based awards granted Aug 12, 2022 and 20,000 shares vested after milestone certification; F2 states the sale was effected to cover tax withholding and was made pursuant to a written instruction intended to satisfy the affirmative defense under Rule 10b5-1(c).
• Filing timing: Form 4 filed Aug 28, 2026 for transactions on Aug 6 and Aug 10 — this filing occurred after the typical two-business-day reporting window for Form 4.

Context

• RSU vesting is an award (not a market purchase) that results in newly issued or released shares. Selling a portion of vested shares to cover taxes is a common, routine insider action and does not necessarily indicate a view on the company’s outlook.
• The sale was implemented under pre-existing written instructions (10b5-1) and explicitly to satisfy tax obligations, which are standard mechanisms for executives when awards vest.