Natera, Inc. — Director's Dealing 2020

Dec 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Natera, Inc. (NTRA)
CIK: 0001604821
Period of Report: 2020-12-22

Reporting Person: Brophy Michael Burkes (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-22	Common Stock	M	1077	—	Acquired	68169	Direct
2020-12-23	Common Stock	S	427	$110.83	Disposed	67742	Direct
2020-12-24	Common Stock	M	6694	$10.41	Acquired	74436	Direct
2020-12-24	Common Stock	M	33228	$9.29	Acquired	107664	Direct
2020-12-24	Common Stock	M	20833	$19.68	Acquired	128497	Direct
2020-12-24	Common Stock	S	25773	$109.268	Disposed	102724	Direct
2020-12-24	Common Stock	S	16779	$110.1692	Disposed	85945	Direct
2020-12-24	Common Stock	S	24348	$111.2312	Disposed	61597	Direct
2020-12-24	Common Stock	S	11014	$112.0082	Disposed	50583	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-22	Restricted Stock Unit	$	M	1077	Disposed		Common Stock (1077)	Direct
2020-12-24	Stock Option (right to buy)	$10.41	M	6694	Disposed	2027-06-08	Common Stock (6694)	Direct
2020-12-24	Stock Option (right to buy)	$9.29	M	33228	Disposed	2028-03-08	Common Stock (33228)	Direct
2020-12-24	Stock Option (right to buy)	$19.68	M	20833	Disposed	2029-03-21	Common Stock (20833)	Direct

Footnotes

F1: Represents the partial vesting and settlement of Restricted Stock Units ("RSUs"), starting March 22, 2020.

F2: Each RSU represents a contingent right to receive one share of the common stock of the issuer.

F3: The sale of shares was effected in order to satisfy tax withholding and remittance obligations in connection with the vesting of RSUs.

F4: The sales reported in this Form 4 effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 24, 2020.

F5: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.70 to $109.69 per share, inclusive. The holder undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F6: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.70 to $110.64 per share, inclusive. The holder undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F7: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110,71 to $111.68 per share, inclusive. The holder undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F8: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.72 to $112.36 per share, inclusive. The holder undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F9: The RSUs vest over four years. 25% of the RSUs vested on March 22, 2020 and the remaining shares vest in 12 equal quarterly installments thereafter.

F10: The option shares vest over four years. 25% of the option shares vested and became exercisable on March 21, 2018 and the remaining shares vest in 36 equal monthly installments thereafter.

F11: The option shares vest over four years. 25% of the option shares vested and became exercisable on March 9, 2019 and the remaining shares vest in 36 equal monthly installments thereafter.

F12: The option shares vest over four years. 25% of the option shares vested and became exercisable on March 22, 2020 and the remaining shares vest in 36 equal monthly installments thereafter.