Natera director receives RSU awards as board fees

Natera, Inc. director Herm Rosenman reported receiving equity-based compensation in the form of restricted stock units (RSUs).

Rhea-AI Filing Summary

Natera, Inc. director Herm Rosenman reported receiving equity-based compensation in the form of restricted stock units (RSUs). The filing shows two acquisitions of common stock via RSU awards on April 24, 2026, recorded at no cash cost per share to him.

One RSU grant was issued in lieu of quarterly board retainer fees of $23,750 and was fully vested at issuance, effectively converting a cash fee into share-based pay. A separate RSU award vests 25% immediately, with the remainder vesting in three equal quarterly installments, adding time-based incentives to his compensation.

Insider Trade Summary

Grant/Award: 339 shares

Grant/Award 2 txns

Insider ROSENMAN HERM

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	117	$0.00	$0.00
Grant/Award	Common Stock	222	$0.00	$0.00

Holdings After Transaction: Common Stock — 20,780 shares (Direct)

Footnotes (3)

1. F1. 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. F2. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
3. F3. Represents the issuance of RSUs to the Reporting Person. 25% of the RSUs vest immediately and the remaining RSUs vest in three equal quarterly installments thereafter.

Key Figures

RSU grant 1: 222 shares RSU grant 2: 117 shares Quarterly board retainer: $23,750

3 metrics

RSU grant 1 222 shares RSU award of Natera common stock reported on April 24, 2026

RSU grant 2 117 shares Additional RSU award of Natera common stock on April 24, 2026

Quarterly board retainer $23,750 Fees converted into fully vested RSUs for board service

Key Terms

Restricted Stock Units ("RSUs"), quarterly retainer fees, contingent right

3 terms

Restricted Stock Units ("RSUs") financial

"Represents the issuance of Restricted Stock Units ("RSUs") to the Reporting Person in lieu of quarterly retainer fees"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

quarterly retainer fees financial

"in lieu of quarterly retainer fees of $23,750 for service on the Issuer's Board of Directors"

contingent right financial

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

FAQ

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

What did Natera (NTRA) director Herm Rosenman report in this Form 4?

Herm Rosenman reported receiving restricted stock unit (RSU) awards for Natera common stock. The grants reflect equity compensation for his board service, including an award in lieu of cash fees and another that vests over future quarters.

How were Natera (NTRA) board fees paid to Herm Rosenman?

A portion of Herm Rosenman’s quarterly board retainer of $23,750 was paid in restricted stock units instead of cash. This converts his director cash compensation into fully vested equity at the time of issuance, aligning part of his pay with Natera’s share price.

Are the RSUs granted to Natera (NTRA) director Herm Rosenman immediately vested?

One RSU grant to Herm Rosenman was fully vested upon issuance, effectively functioning like immediate stock. A separate RSU award vests 25% right away, with the remaining units vesting in three equal quarterly installments tied to continued service.

What does each RSU granted to Herm Rosenman by Natera (NTRA) represent?

Each restricted stock unit granted to Herm Rosenman represents a contingent right to receive one share of Natera common stock. The actual shares are delivered as the RSUs vest, creating equity ownership over time instead of a single upfront stock issuance.

Is Herm Rosenman’s Natera (NTRA) Form 4 transaction a market purchase or sale?

The Form 4 shows grant or award acquisitions of RSUs, not open-market buys or sales. Shares are being awarded as compensation, with no reported market transactions or cash paid per share by Herm Rosenman in connection with these specific grants.

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

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Accepted by SEC EDGAR 04/28/2026 - 08:35 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^*

ROSENMAN HERM

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026

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	04/24/2026		A		117(1)	A	(2)	20,558	D
Common Stock	04/24/2026		A		222(3)	A	(2)	20,780	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.

3. Represents the issuance of RSUs to the Reporting Person. 25% of the RSUs vest immediately and the remaining RSUs vest in three equal quarterly installments thereafter.

	/s/ Tami Chen, Attorney-in-Fact	04/28/2026
	** 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)