Natera (NTRA) director receives RSUs in lieu of $21,875 cash fees

Rhea-AI Filing Summary

Marcus Gail Boxer reported acquisition or exercise transactions in this Form 4 filing.

Natera, Inc. director Marcus Gail Boxer reported receiving two grants of Restricted Stock Units (RSUs) on April 24, 2026 as equity compensation. One award of 222 RSUs was issued in lieu of quarterly board retainer fees of $21,875 and was fully vested at issuance. A separate grant of 108 RSUs provides that 25% vests immediately, with the remainder vesting in three equal quarterly installments. The filing shows Boxer's direct holdings after these transactions as 6,183 and 5,961 shares of common stock in the respective lines.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Marcus Gail Boxer

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	108	$0.00	--
Grant/Award	Common Stock	222	$0.00	--

Holdings After Transaction: Common Stock — 5,961 shares (Direct, null)

Footnotes (1)

1. Represents the issuance of Restricted Stock Units ("RSUs") to the Reporting Person in lieu of quarterly retainer fees of $21,875 for service on the Issuer's Board of Directors. The RSUs were fully vested at the time of issuance. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. 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

RSUs granted in lieu of fees: 222 RSUs Additional RSUs granted: 108 RSUs Retainer fee amount: $21,875 +3 more

6 metrics

RSUs granted in lieu of fees 222 RSUs Equity issued instead of $21,875 quarterly board retainer

Additional RSUs granted 108 RSUs Director RSU award with staged vesting

Retainer fee amount $21,875 Quarterly board retainer replaced by 222 RSUs

Holdings after first RSU entry 6,183 shares Direct common stock ownership after 222-RSU line

Holdings after second RSU entry 5,961 shares Direct common stock ownership after 108-RSU line

Immediate vesting portion 25% Portion of 108 RSUs vesting at grant date

Key Terms

Restricted Stock Units ("RSUs"), quarterly retainer fees, Board of Directors, vest, +1 more

5 terms

Restricted Stock Units ("RSUs") financial

"Represents the issuance of Restricted Stock Units ("RSUs") to the Reporting Person"

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 $21,875 for service on the Issuer's Board"

Board of Directors financial

"for service on the Issuer's Board of Directors"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

vest financial

"25% of the RSUs vest immediately and the remaining RSUs vest in three equal quarterly installments"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

contingent right financial

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

Form 4 Insider Transactions: What Each Field Means →

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^*

Marcus Gail Boxer

(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		108(1)	A	(2)	5,961	D
Common Stock	04/24/2026		A		222(3)	A	(2)	6,183	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 $21,875 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)

FAQ

What did Natera (NTRA) director Marcus Gail Boxer report in this Form 4?

Marcus Gail Boxer reported receiving two grants of Restricted Stock Units (RSUs) in Natera common stock. One grant covered 222 RSUs and another 108 RSUs, both dated April 24, 2026, reflecting equity compensation for his service on the company’s Board of Directors.

How many Natera (NTRA) RSUs did Marcus Gail Boxer receive and on what terms?

He received 222 RSUs and 108 RSUs. The 222 RSUs were fully vested when issued, while 25% of the 108 RSUs vest immediately and the remaining 75% vest in three equal quarterly installments after the grant date, according to the filing.

Were Natera (NTRA) RSUs granted to Marcus Gail Boxer in lieu of cash fees?

Yes. The filing states that 222 RSUs were issued in lieu of quarterly retainer fees of $21,875 for Boxer's service on Natera’s Board. This means he accepted equity compensation instead of receiving that portion of his director cash retainer.

Are Natera (NTRA) RSUs granted to Marcus Gail Boxer immediately vested?

The 222 RSUs issued in lieu of the $21,875 retainer were fully vested at issuance. For the 108 RSUs, 25% vest immediately, and the remaining RSUs vest in three equal quarterly installments thereafter, creating a short vesting schedule tied to ongoing board service.

How many Natera (NTRA) shares does Marcus Gail Boxer hold after these RSU grants?

The Form 4 reports Boxer's direct ownership after the two RSU transactions as 6,183 shares of common stock in one line and 5,961 shares in the other. These figures show his reported direct holdings associated with each respective RSU award entry.