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Natera (NASDAQ: NTRA) legal chief sells 8,400 shares in preset 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Natera, Inc. reported that its Secretary and Chief Legal Officer, Daniel Rabinowitz, conducted open-market sales of company common stock. On April 1, 2026, he sold a total of 8,400 shares at weighted average prices within disclosed ranges between $200.47 and $205.50 per share under a pre-arranged Rule 10b5-1 trading plan. Following these sales, he continued to hold 224,885 shares of Natera common stock directly.

Positive

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Insider RABINOWITZ DANIEL
Role SEC. AND CHIEF LEGAL OFFICER
Sold 8,400 shs ($1.71M)
Type Security Shares Price Value
Sale Common Stock 300 $200.7868 $60K
Sale Common Stock 1,778 $202.0062 $359K
Sale Common Stock 3,213 $203.072 $652K
Sale Common Stock 1,200 $203.8258 $245K
Sale Common Stock 1,909 $205.0026 $391K
Holdings After Transaction: Common Stock — 232,985 shares (Direct)
Footnotes (1)
  1. The sale of shares was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 5, 2025. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.47 to $200.99 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $201.4950 to $202.4700 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $202.51 to $203.46 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $203.52 to $204.25 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $204.54 to $205.50 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.
Shares sold 8,400 shares Total Natera common stock sold on April 1, 2026
Price range $200.47–$205.50 per share Ranges across reported open-market sales
Post-sale holdings 224,885 shares Direct Natera common stock held after transactions
Transaction count 5 sales Number of separate open-market sale entries
Sale block price $200.7868 per share Weighted average for 300-share sale block
Sale block price $202.0062 per share Weighted average for 1,778-share sale block
Rule 10b5-1 trading plan financial
"The sale of shares was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 5, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"INSIDER FILING DATA (Form 4): {"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
non-derivative financial
"transaction_type": "non-derivative""
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
RABINOWITZ DANIEL

(Last)(First)(Middle)
C/O NATERA, INC.
13011 MCCALLEN PASS BUILDING A SUITE 100

(Street)
AUSTIN TEXAS 78753

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Natera, Inc. [ NTRA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SEC. AND CHIEF LEGAL OFFICER
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/01/2026S300(1)D$200.7868(2)232,985D
Common Stock04/01/2026S1,778(1)D$202.0062(3)231,207D
Common Stock04/01/2026S3,213(1)D$203.072(4)227,994D
Common Stock04/01/2026S1,200(1)D$203.8258(5)226,794D
Common Stock04/01/2026S1,909(1)D$205.0026(6)224,885D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The sale of shares was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 5, 2025.
2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.47 to $200.99 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.
3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $201.4950 to $202.4700 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.
4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $202.51 to $203.46 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.
5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $203.52 to $204.25 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.
6. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $204.54 to $205.50 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.
/s/ Tami Chen, Attorney-in-Fact04/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Natera (NTRA) disclose for Daniel Rabinowitz?

Natera disclosed that Daniel Rabinowitz, its Secretary and Chief Legal Officer, sold 8,400 shares of common stock on April 1, 2026. The transactions were open-market sales executed under a Rule 10b5-1 trading plan at weighted average prices slightly above $200 per share.

At what prices did Natera (NTRA) insider shares sell in this Form 4 filing?

The 8,400 Natera shares sold by Daniel Rabinowitz were executed at weighted average prices with trade ranges from $200.47 to $205.50 per share. Each sale block had its own detailed price range, and the insider offers full breakdowns upon written request.

How many Natera (NTRA) shares does Daniel Rabinowitz hold after the reported sales?

After the April 1, 2026 transactions, Daniel Rabinowitz directly holds 224,885 shares of Natera common stock. That figure reflects his remaining direct ownership position following the open-market sale of 8,400 shares reported in this Form 4 filing.

Were the Natera (NTRA) insider sales by Daniel Rabinowitz pre-planned?

Yes. The filing states the sales were made under a Rule 10b5-1 trading plan adopted on December 5, 2025. Such plans are established in advance, allowing insiders to sell shares according to preset instructions, which can reduce the significance of transaction timing.

How many separate sale transactions did the Natera (NTRA) Form 4 report?

The Form 4 reports five separate open-market sale transactions of Natera common stock on April 1, 2026. Each transaction covers a different share amount and weighted average price, together totaling 8,400 shares sold by Daniel Rabinowitz directly.

What role does the insider in this Natera (NTRA) Form 4 hold at the company?

The reporting person, Daniel Rabinowitz, serves as Natera’s Secretary and Chief Legal Officer. His position makes him a Section 16 reporting insider, so his transactions in Natera common stock must be publicly reported on Form 4 when they occur.