Insider Michael Brophy Plans Sale of Company Shares

An affiliate of the issuer, Michael Brophy, filed a Form 144 notice to sell 5,671 shares of common stock through Morgan Stanley Smith Barney on NASDAQ.

Rhea-AI Filing Summary

An affiliate of the issuer, Michael Brophy, filed a Form 144 notice to sell 5,671 shares of common stock through Morgan Stanley Smith Barney on NASDAQ. These shares were acquired as restricted stock units on 09/28/2025, when payment was recorded as non-cash (N/A).

The filing notes that 138,014,465 common shares were outstanding and lists several sales during the prior three months, including transactions under a Rule 10b5-1 sales plan and direct sales, with individual trades as large as 36,573 and 23,948 shares of common stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many NTRA shares is Michael Brophy planning to sell under this Form 144?

Michael Brophy plans to sell 5,671 shares of common stock. The Form 144 shows these shares will be sold through Morgan Stanley Smith Barney on NASDAQ and that they were originally acquired as restricted stock units on September 28, 2025, in a non-cash transaction.

What type of NTRA securities are involved in Michael Brophy’s planned sale?

The planned sale involves common stock of the issuer. The Form 144 lists the class as “Common” and indicates that 5,671 common shares, originally received as restricted stock units, are expected to be sold on NASDAQ through Morgan Stanley Smith Barney’s Executive Financial Services platform.

How and when did Michael Brophy acquire the NTRA shares he plans to sell?

Brophy acquired the 5,671 shares on September 28, 2025 as restricted stock units. The table identifies the issuer as the source, shows the acquisition date and payment date as the same day, and describes the nature of payment as N/A, indicating a non-cash equity award.

What recent NTRA stock sales by Michael Brophy or his plans are disclosed?

The notice lists several common stock sales in the past three months. These include trades under a Rule 10b5-1 sales plan and direct sales, with individual transactions such as 36,573 shares and 23,948 shares of common sold in January 2026, generating multi-million-dollar gross proceeds.

What trading plan is referenced for Michael Brophy’s NTRA share sales?

Several transactions are tied to a Rule 10b5-1 sales plan. The filing identifies “10b5-1 Sales Plan for MICHAEL BROPHY” for multiple January 2026 sales of common stock, indicating pre-arranged trading instructions designed to follow Rule 10b5-1 under the Exchange Act.

How many NTRA shares were outstanding when this Form 144 was prepared?

The document reports 138,014,465 common shares outstanding. This figure appears in the securities information table alongside the planned 5,671-share sale, providing context on the issuer’s total common stock base at the time the Form 144 notice was prepared.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/03/2026 - 04:32 PM EST Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001697362
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	NATERA INC
SEC File Number	001-37478
Address of Issuer	13011 McCallen Pass, Bldg A Suite 100 Austin TEXAS 78753
Phone	6509809190
Name of Person for Whose Account the Securities are To Be Sold	MICHAEL BROPHY
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	5671	1310568.10	138014465	02/03/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/28/2025	Restricted Stock Units	Issuer			5671	09/28/2025	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales Plan for MICHAEL BROPHY 13011 McCallen Pass, Bldg A Suite 100 Austin TX 78753	COMMON	01/29/2026	1867	430155.58
10b5-1 Sales Plan for MICHAEL BROPHY 13011 McCallen Pass, Bldg A Suite 100 Austin TX 78753	COMMON	01/28/2026	1176	279232.73
MICHAEL BURKES BROPHY 13011 McCallen Pass, Bldg A Suite 100 Austin TX 78753	Common	01/28/2026	1237	293988.39
MICHAEL BURKES BROPHY 13011 McCallen Pass, Bldg A Suite 100 Austin TX 78753	Common	01/27/2026	784	188576.54
10b5-1 Sales Plan for MICHAEL BROPHY 13011 McCallen Pass, Bldg A Suite 100 Austin TX 78753	COMMON	01/21/2026	36573	8875115.05
MICHAEL BROPHY 13011 McCallen Pass, Bldg A Suite 100 Austin TX 78753	Common	01/21/2026	602	141470.00
MICHAEL BROPHY 13011 McCallen Pass, Bldg A Suite 100 Austin TX 78753	Common	01/20/2026	23948	5621515.20

144: Remarks and Signature

Remarks	The securities to be sold were acquired upon the vesting of restricted stock units during the period of 9/28/2025 through 1/31/2026.
Date of Notice	02/03/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	09/10/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Michael Burkes Brophy
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)