Natera, Inc. — Director's Dealing 2021

Sep 25, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Natera, Inc. (NTRA)
CIK: 0001604821
Period of Report: 2021-09-22

Reporting Person: Chapman Steven Leonard (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-22	Common Stock	M	182	—	Acquired	61024	Direct
2021-09-22	Common Stock	M	3125	—	Acquired	64149	Direct
2021-09-23	Common Stock	S	1649	$125.67	Disposed	62500	Direct
2021-09-24	Common Stock	S	3241	$116.6857	Disposed	59259	Direct
2021-09-24	Common Stock	S	5292	$117.9726	Disposed	53967	Direct
2021-09-24	Common Stock	S	10125	$118.9143	Disposed	43842	Direct
2021-09-24	Common Stock	S	5802	$120.5199	Disposed	38040	Direct
2021-09-24	Common Stock	S	2454	$121.5184	Disposed	35586	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-22	Restricted Stock Unit	$	M	182	Disposed		Common Stock (182)	Direct
2021-09-22	Restricted Stock Unit	$	M	3125	Disposed		Common Stock (3125)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12896	Indirect

Footnotes

F1: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.

F2: The sale of shares was effected in order to satisfy tax withholding and remittance obligations in connection with the vesting of RSUs in compliance with Rule 10b5-1.

F3: The sale of shares was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 24, 2021.

F4: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.29 to $117.27 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.36 to $118.29 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 $118.3990 to $119.25 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 $119.97 to $120.95 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 $121.17 to $121.90 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 Rosewood Trust is an irrevocable spendthrift trust for the benefit of the Reporting Person and other discretionary beneficiaries, pursuant to Nevada Revised Statutes Chapter 166. Under the Rosewood Trust, the Reporting Person has no enforceable rights to distributions. The Rosewood Trust is a fully discretionary trust and the distribution decisions for the Rosewood Trust are vested in a committee. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein.

F10: 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.