Does each Natera (NTRA) RSU equal one share of common stock?

Yes. The disclosure states that each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Natera’s common stock. Actual share delivery depends on the vesting conditions and settlement terms described in the RSU awards.

Natera (NTRA) director receives RSU awards in lieu of board fees

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Chapman Rowan E reported acquisition or exercise transactions in this Form 4 filing.

Natera, Inc. director Rowan E. Chapman reported two grants of common stock in the form of Restricted Stock Units (RSUs). One grant covers 222 RSUs issued in lieu of quarterly board retainer fees of $23,125, and these RSUs were fully vested at issuance. A second grant covers 114 RSUs, with 25% vesting immediately and the remaining RSUs vesting in three equal quarterly installments thereafter. Each RSU represents a contingent right to receive one share of Natera common stock, and the filing characterizes both transactions as awards rather than open-market purchases.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Chapman Rowan E

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	114	$0.00	--
Grant/Award	Common Stock	222	$0.00	--

Holdings After Transaction: Common Stock — 5,866 shares (Direct, null)

Footnotes (1)

Represents the issuance of Restricted Stock Units ("RSUs") to the Reporting Person in lieu of quarterly retainer fees of $23,125 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 in lieu of fees: 222 RSUs Board retainer fees value: $23,125 Additional RSU grant: 114 RSUs +4 more

7 metrics

RSUs in lieu of fees 222 RSUs Issued for quarterly board retainer fees

Board retainer fees value $23,125 Quarterly retainer replaced by 222 RSUs

Additional RSU grant 114 RSUs Separate RSU award with scheduled vesting

Holdings after 222-RSU grant 6,088 shares Total common shares following that transaction

Holdings after 114-RSU grant 5,866 shares Total common shares following that transaction

Immediate vesting portion 25% Of one RSU grant vests immediately

Remaining vesting schedule 3 quarterly installments For remaining RSUs in second grant

Key Terms

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

4 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 $23,125 for service on the Issuer's Board"

contingent right financial

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

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.

Form 4 Insider Transactions: What Each Field Means →

04/28/2026 - 08:35 PM

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^*

Chapman Rowan E

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/24/2026		A		114⁽¹⁾	A	⁽²⁾	5,866	D
Common Stock	04/24/2026		A		222⁽³⁾	A	⁽²⁾	6,088	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents the issuance of Restricted Stock Units ("RSUs") to the Reporting Person in lieu of quarterly retainer fees of $23,125 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Natera (NTRA) director Rowan E. Chapman receive in this Form 4 filing?

Rowan E. Chapman received two grants of Restricted Stock Units (RSUs) tied to Natera common stock. One grant covers 222 RSUs and the other 114 RSUs, both reported as awards rather than open-market share purchases.

How many Natera (NTRA) RSUs were granted in lieu of board fees?

The filing shows 222 Restricted Stock Units (RSUs) issued to Rowan E. Chapman in lieu of quarterly retainer fees of $23,125 for board service. These RSUs were fully vested at the time they were granted, effectively replacing a cash retainer payment.

What are the vesting terms of Rowan E. Chapman’s new Natera (NTRA) RSUs?

For one RSU grant, 25% of the units vest immediately, with the remaining RSUs vesting in three equal quarterly installments. The separate 222-unit grant issued in lieu of board retainer fees was fully vested upon issuance according to the disclosure.

Were the Natera (NTRA) RSU grants to Rowan E. Chapman open-market purchases?

No. The transactions are coded as awards (code A) and described as issuances of Restricted Stock Units. One award replaces quarterly board retainer fees, and another follows a scheduled vesting pattern rather than reflecting open-market stock purchases.