Natera (NASDAQ: NTRA) director gets 99 RSUs instead of cash retainer

Rhea-AI Filing Summary

Natera, Inc. director Herm Rosenman reported a stock-based board fee. On 01/30/2026 he received 99 shares of Natera common stock through fully vested Restricted Stock Units granted in lieu of a quarterly board retainer of $23,750.

Each RSU represents one share of Natera common stock, so the grant directly increased his holdings. After this transaction, Rosenman beneficially owned 20,441 shares of Natera common stock held directly.

SEC Form 4

FORM 4

UNITED 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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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^*

ROSENMAN HERM

(Last) (First) (Middle)

C/O NATERA, INC.

13011 MCCALLEN PASS BUILDING A SUITE 100

(Street)

AUSTIN TX 78753

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Natera, Inc. [ NTRA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/30/2026		A		99(1)	A	(2)	20,441	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the issuance of Restricted Stock Units ("RSUs") to the Reporting Person in lieu of quarterly retainer fees of $23,750 for service on the Issuer's Board of Directors. The RSUs were fully vested at the time of issuance.

2. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.

	/s/ Tami Chen, Attorney-in-Fact	02/03/2026
	** Signature of Reporting Person	Date
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).
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FAQ

What insider transaction did Natera (NTRA) director Herm Rosenman report?

Herm Rosenman reported receiving 99 Natera common shares via Restricted Stock Units on 01/30/2026. The RSUs were granted in lieu of a $23,750 quarterly board retainer and were fully vested at issuance, increasing his directly held stake to 20,441 shares.

How many Natera (NTRA) shares does Herm Rosenman own after this Form 4?

Following the reported grant, Herm Rosenman beneficially owned 20,441 shares of Natera common stock. This total reflects the addition of 99 fully vested RSU shares received on 01/30/2026 as payment in stock instead of a $23,750 cash board retainer.

What was the size and nature of the RSU grant to Natera (NTRA) director Herm Rosenman?

Rosenman received 99 Restricted Stock Units, each equal to one Natera common share. The award replaced a quarterly board retainer of $23,750 and was fully vested upon issuance, representing compensation for his service on Natera’s Board of Directors rather than an open-market purchase.

Did Herm Rosenman pay cash for the Natera (NTRA) shares reported on this Form 4?

No cash payment is shown for these shares; the transaction price per share is reported as 0.0000. The 99 shares came from RSUs granted as stock compensation in lieu of a $23,750 cash retainer for his quarterly service on Natera’s Board.

Are the RSUs reported by Natera (NTRA) director Herm Rosenman vested?

Yes. The filing states the RSUs were fully vested at the time of issuance. Because each RSU equals one Natera common share, the 99 units immediately translated into 99 outstanding shares credited as compensation for Rosenman’s quarterly board retainer of $23,750.