Natera executive exercises options, covers taxes

Natera, Inc. Executive Chairman Matthew Rabinowitz exercised stock options and used shares to cover taxes.

Rhea-AI Filing Summary

Natera, Inc. Executive Chairman Matthew Rabinowitz exercised stock options and used shares to cover taxes. He exercised options to acquire 58,292 shares of Common Stock at an exercise price of $9.59 per share. To satisfy tax obligations, 27,610 shares of Common Stock were withheld at $204.87 per share. Following these transactions, he held 2,383,162 shares of Common Stock directly, plus 5,000 shares held indirectly by his spouse.

Insider Trade Summary

58,292 shares exercised/converted

Exercise 4 txns

Insider Rabinowitz Matthew

Role EXECUTIVE CHAIRMAN

Type	Security	Shares	Price	Value
Exercise	Stock Option (right to buy)	58,292	$0.00	$0.00
Exercise	Common Stock	58,292	$9.59	$559K
Exercise Price or Tax Liability	Common Stock	27,610	$204.87	$5.66M
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Option (right to buy) — 0 contracts (Direct); Common Stock — 2,383,162 shares (Direct); Common Stock — 5,000 shares (Indirect, By spouse)

Footnotes (1)

1. F1. The option shares are fully exercisable.

Key Figures

Options exercised: 58,292 shares Exercise price: $9.59 per share Tax-withholding shares: 27,610 shares +4 more

7 metrics

Options exercised 58,292 shares Stock option exercise into Common Stock at $9.59 per share

Exercise price $9.59 per share Conversion of Stock Option into 58,292 Common Stock shares

Tax-withholding shares 27,610 shares Common Stock used for tax-withholding at $204.87 per share

Tax-withholding price $204.87 per share Value assigned to 27,610 Common Stock shares withheld for taxes

Direct holdings after transactions 2,383,162 shares Common Stock directly owned after exercise and tax withholding

Indirect spouse holdings 5,000 shares Common Stock held indirectly by spouse after transactions

Exercised option position remaining 0 shares Stock Option derivative position following full exercise of 58,292 shares

Key Terms

Stock Option (right to buy), Exercise or conversion of derivative security, tax-withholding disposition, Common Stock, +1 more

5 terms

Stock Option (right to buy) financial

"security_title: "Stock Option (right to buy)""

Exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Common Stock financial

"underlying_security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

indirect financial

"ownership_type: "indirect" and nature_of_ownership: "By spouse""

FAQ

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

What did Natera (NTRA) Executive Chairman Matthew Rabinowitz report in this Form 4?

Matthew Rabinowitz reported an option exercise and related tax withholding. He exercised options into 58,292 Natera common shares at $9.59, then 27,610 shares were withheld at $204.87 for taxes. Afterward, he directly held 2,383,162 shares, plus 5,000 indirectly via his spouse.

Did Matthew Rabinowitz buy or sell Natera (NTRA) shares on the open market?

The filing shows no open-market purchases or sales. It reports an option exercise creating 58,292 common shares at $9.59 and a tax-withholding disposition of 27,610 shares at $204.87. These are compensation and tax events, not discretionary market trades.

How many Natera (NTRA) shares does Matthew Rabinowitz hold after this Form 4?

After the reported transactions, Matthew Rabinowitz holds 2,383,162 Natera common shares directly. The filing also shows 5,000 additional shares held indirectly by his spouse. Together, they reflect his updated equity position following the option exercise and tax withholding.

What options did Matthew Rabinowitz exercise in Natera (NTRA) according to the filing?

He exercised a stock option covering 58,292 shares of Natera common stock at an exercise price of $9.59 per share. The filing notes these option shares were fully exercisable, and this derivative position was reduced to zero after the exercise transaction.

What is the significance of the tax-withholding disposition in Natera (NTRA)'s Form 4?

The tax-withholding disposition reflects 27,610 Natera shares used to cover tax obligations at $204.87 per share. This is coded as an F transaction, meaning shares were surrendered for taxes rather than sold in the open market, a common feature of equity compensation events.

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

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Accepted by SEC EDGAR 04/08/2026 - 09:05 PM EDT Learn about SEC filing dates

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

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^*

Rabinowitz Matthew

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/06/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/06/2026		M		58,292	A	$9.59	2,410,772	D
Common Stock	04/06/2026		F		27,610	D	$204.87	2,383,162	D
Common Stock								5,000	I	By spouse

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
Stock Option (right to buy)	$9.59	04/06/2026		M			58,292	(1)	04/07/2026	Common Stock	58,292	$0	0	D

Explanation of Responses:

1. The option shares are fully exercisable.

	/s/ Tami Chen, Attorney-in-Fact	04/08/2026
	** 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.
* Form 4: SEC 1474 (03-26)