CFO at Natera (NTRA) receives 10,051 stock-based RSU award

Rhea-AI Filing Summary

Natera, Inc. reported that Chief Financial Officer Michael Burkes Brophy received a grant of 10,051 Restricted Stock Units (RSUs) of common stock at no cost. The RSUs vest over four years, with 25% vesting on March 1, 2027 and the remainder in 12 equal quarterly installments. Each RSU converts into one share of common stock when it vests. Following this award, Brophy holds 62,171 shares of Natera common stock 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^*

Brophy Michael Burkes

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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	02/27/2026		A		10,051(1)	A	(2)	62,171	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. The RSUs vest over four years. 25% of the RSUs vest on March 1, 2027 and the remaining RSUs vest in 12 equal quarterly installments thereafter.

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

	/s/ Tami Chen, Attorney-in-Fact	03/03/2026
	** 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).
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.

FAQ

What insider transaction did Natera (NTRA) report for its CFO?

Natera reported that its Chief Financial Officer, Michael Burkes Brophy, received a grant of 10,051 Restricted Stock Units. These stock-based awards were issued at no cost and will convert into common shares over time as they vest under a four-year schedule.

How many Restricted Stock Units did the Natera CFO receive in this Form 4?

The Natera CFO was granted 10,051 Restricted Stock Units. This award represents additional equity compensation that will vest over four years, giving him the right to receive an equivalent number of Natera common shares as each portion of the grant vests.

What is the vesting schedule for the Natera CFO’s 10,051 RSUs?

The 10,051 RSUs vest over four years. Twenty-five percent vest on March 1, 2027, and the remaining RSUs vest in 12 equal quarterly installments thereafter, gradually delivering common shares to the CFO as each vesting date occurs.

What does each Natera RSU granted to the CFO represent?

Each Restricted Stock Unit granted to the CFO represents a contingent right to receive one share of Natera common stock. The shares are delivered only when the RSUs vest according to the schedule, aligning the award with continued service over several years.

How many Natera shares does the CFO own after this RSU award?

After this equity award, the Natera CFO is reported as owning 62,171 shares of common stock directly. This figure reflects his holdings following the grant of 10,051 Restricted Stock Units that will convert into shares as they vest over time.

Was the Natera CFO’s RSU grant an open-market stock purchase?

No, the Natera CFO’s transaction was a grant of 10,051 Restricted Stock Units at a price of $0.00 per unit. It reflects stock-based compensation, not an open-market purchase of existing shares, and will deliver shares only as the RSUs vest.