Natera, Inc. — Director's Dealing 2020

May 11, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Natera, Inc. (NTRA)
CIK: 0001604821
Period of Report: 2020-05-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-07	Common Stock	M	58135	$5.3953	Acquired	305070	Direct
2020-05-07	Common Stock	S	58135	$43.447	Disposed	246935	Direct
2020-05-07	Common Stock	M	27352	$9.59	Acquired	274287	Direct
2020-05-07	Common Stock	S	27352	$43.4533	Disposed	246935	Direct
2020-05-07	Common Stock	M	14513	$9.29	Acquired	261448	Direct
2020-05-07	Common Stock	S	14513	$43.4148	Disposed	246935	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-07	Stock Option (right to buy)	$5.3953	M	58135	Disposed	2024-12-09	Common Stock (58135)	Direct
2020-05-07	Stock Option (right to buy)	$9.59	M	27352	Disposed	2026-04-07	Common Stock (27352)	Direct
2020-05-07	Stock Option (right to buy)	$9.29	M	14513	Disposed	2028-03-08	Common Stock (14513)	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 $43.03 to $43.80 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 $43.05 to $43.80 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.00 to $43.74 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.

F5: The option shares vested fully and became exercisable on November 20, 2019.

F6: The option shares vested fully and became exercisable on April 1, 2020.

F7: 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.