Natera, Inc. — Director's Dealing 2020

Oct 26, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Natera, Inc. (NTRA)
CIK: 0001604821
Period of Report: 2020-10-22

Reporting Person: Brophy Michael Burkes (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-22	Common Stock	M	1626	$10.41	Acquired	58503	Direct
2020-10-22	Common Stock	S	1501	$68.6619	Disposed	57002	Direct
2020-10-22	Common Stock	S	125	$69.3810	Disposed	56877	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-10-22	Stock Option (right to buy)	$10.41	M	1626	Disposed	2027-06-08	Common Stock (1626)	Direct

Footnotes

F1: The sales reported in this Form 4 effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 31, 2019. The Reporting Person is subject to a Lock-up Letter Agreement that expires on November 10, 2020. The sale of shares is a permissible exemption under the terms of the Lock-Up Letter Agreement.

F2: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.23 to $69.17 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.

F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.25 to $69.55 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.

F4: These reported shares are subject to restrictions in the Lock-Up Letter Agreement.

F5: 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. The exercise of this option is a permissible exemption under the terms of the Lock-Up Letter Agreement.