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  4. [Form 4] Natera, Inc. Insider Trading Activity

Director Roelof Botha-linked vehicles sell 78K Natera (NTRA) shares

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

Rhea-AI Filing Summary

Natera, Inc. director Roelof Botha reported a series of open-market sales totaling 78,000 shares of Natera common stock on June 1, 2026, executed through estate planning vehicles. The reported weighted average sale prices ranged from about $218 to $224 per share across multiple trades. Following these transactions, estate planning vehicles associated with Botha held 1,127,787 shares indirectly, while he also reported 2,894 shares held directly.

Positive

  • None.

Negative

  • None.

Insights

Director-linked estate vehicles sold 78,000 Natera shares while retaining a large remaining stake.

Director Roelof Botha, associated with Natera, Inc., reported open-market sales of 78,000 common shares on June 1, 2026 through entities described as estate planning vehicles. Sale prices were reported as weighted averages, with detailed price ranges provided in footnotes.

After these transactions, the estate planning vehicles still held 1,127,787 shares indirectly, and Botha reported 2,894 shares held directly. This indicates a partial reduction rather than an exit, with no derivative exercises, gifts, or tax-withholding transactions disclosed in this filing.

Insider BOTHA ROELOF
Role null
Sold 78,000 shs ($17.18M)
Type Security Shares Price Value
Sale Common Stock 26,411 $218.6881 $5.78M
Sale Common Stock 10,100 $219.7768 $2.22M
Sale Common Stock 21,304 $220.9419 $4.71M
Sale Common Stock 14,885 $221.5848 $3.30M
Sale Common Stock 2,850 $222.7944 $635K
Sale Common Stock 2,450 $223.8265 $548K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 1,127,787 shares (Indirect, Estate planning vehicles); Common Stock — 2,894 shares (Direct, null)
Footnotes (1)
  1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $218.27 to $219.26. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $219.30 to $220.15. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $220.32 to $221.31. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $221.32 to $222.17. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $222.34 to $223.33. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $223.34 to $224.11. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
Shares sold 78,000 shares Total common shares sold on June 1, 2026
Sale price range (low) $218.27/share Lowest price range cited in weighted-average footnotes
Sale price range (high) $224.11/share Highest price range cited in weighted-average footnotes
Post-sale indirect holdings 1,127,787 shares Common stock held indirectly via estate planning vehicles after transactions
Post-sale direct holdings 2,894 shares Common stock held directly by Roelof Botha after transactions
Example weighted average sale price $220.9419/share One reported weighted average sale price for an open-market sale block
open-market sale financial
"transaction_action is described as "open-market sale" for the common stock trades"
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.
estate planning vehicles financial
"indirect ownership is listed with nature "Estate planning vehicles" for multiple transactions"
weighted average price financial
"footnotes state "The price reported 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.
indirect ownership financial
"ownership_type is noted as "indirect" with code "I" for several transactions"
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Form 4 Insider Transactions: What Each Field Means →
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).
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*
BOTHA ROELOF
(Last)(First)(Middle)
2800 SAND HILL ROAD
SUITE 101
(Street)
MENLO PARK CALIFORNIA 94025
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		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 Stock06/01/2026S26,411D$218.6881(1)1,127,787IEstate planning vehicles
Common Stock06/01/2026S10,100D$219.7768(2)1,117,687IEstate planning vehicles
Common Stock06/01/2026S21,304D$220.9419(3)1,096,383IEstate planning vehicles
Common Stock06/01/2026S14,885D$221.5848(4)1,081,498IEstate planning vehicles
Common Stock06/01/2026S2,850D$222.7944(5)1,078,648IEstate planning vehicles
Common Stock06/01/2026S2,450D$223.8265(6)1,076,198IEstate planning vehicles
Common Stock2,894D
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 price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $218.27 to $219.26. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $219.30 to $220.15. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $220.32 to $221.31. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $221.32 to $222.17. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
5. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $222.34 to $223.33. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
6. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $223.34 to $224.11. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
/s/ Jung Yeon Son, by power of attorney for Roelof F. Botha06/03/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Natera (NTRA) disclose for Roelof Botha?

Natera disclosed that director Roelof Botha reported open-market sales totaling 78,000 shares of Natera common stock on June 1, 2026. The trades were executed through estate planning vehicles at weighted average prices between roughly $218 and $224 per share.

At what prices were the Natera (NTRA) shares sold in Roelof Botha’s Form 4?

The filing reports weighted average prices for multiple trades, with footnotes stating ranges from $218.27 up to $224.11 per share. Detailed breakdowns by individual trade price are available from the reporting person upon request, according to the disclosure.

How many Natera (NTRA) shares did Roelof Botha’s estate planning vehicles hold after the sales?

After the reported open-market sales, estate planning vehicles associated with Roelof Botha held 1,127,787 shares of Natera common stock indirectly. This reflects their position at the end of the trading day on June 1, 2026, as shown in the Form 4 data.

Does Roelof Botha hold any Natera (NTRA) shares directly after these transactions?

Yes. In addition to indirect holdings via estate planning vehicles, the Form 4 shows 2,894 shares of Natera common stock held directly by Roelof Botha after the reported date. This holding is recorded separately from the indirect estate-planning-related positions.

Were any options or derivatives involved in Roelof Botha’s Natera (NTRA) Form 4?

No derivative transactions are listed in this Form 4. The derivativeSummary section is empty and all reported trades involve non-derivative common stock sales, with transaction code S indicating open-market or private sale transactions.

How many total Natera (NTRA) shares did Roelof Botha sell in this Form 4 filing?

The transaction summary shows that entities associated with Roelof Botha sold 78,000 shares of Natera common stock on June 1, 2026. These sales are broken into several open-market transactions, each with its own weighted average price disclosure.