Natera, Inc. — Director's Dealing 2020

May 14, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Natera, Inc. (NTRA)
CIK: 0001604821
Period of Report: 2020-05-12

Reporting Person: Sheena Jonathan (Director, Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-12	Common Stock	M	3034	$9.59	Acquired	249969	Direct
2020-05-12	Common Stock	S	3034	$49.052	Disposed	246935	Direct
2020-05-12	Common Stock	M	4851	$10.41	Acquired	251786	Direct
2020-05-12	Common Stock	S	4851	$49.046	Disposed	246935	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-12	Stock Option (right to buy)	$9.59	M	3034	Disposed	2026-04-07	Common Stock (3034)	Direct
2020-05-12	Stock Option (right to buy)	$10.41	M	4851	Disposed	2027-06-08	Common Stock (4851)	Direct

Footnotes

F1: The sales reported in the Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 15, 2019.

F2: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.01 to $49.11 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 $49.00 to $49.22 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: The option shares vested fully and became exercisable on April 1, 2020.

F5: The option shares vest over four years. 25% of the option shares vest and become exercisable on March 21, 2018 and the remaining shares vest in 36 equal monthly installments thereafter.