Natera director granted RSUs as board compensation

Bertagnolli Monica reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Bertagnolli Monica reported acquisition or exercise transactions in this Form 4 filing.

Natera, Inc. director Monica Bertagnolli reported two stock-based compensation grants. She received 75 restricted stock units (RSUs) that will vest in full on June 11, 2027, or sooner if Natera undergoes a change in control. She also received 1,571 RSUs issued in lieu of quarterly board retainer fees of $16,875, which were fully vested at issuance. Each RSU represents the right to receive one share of Natera common stock, increasing her equity-based compensation without an open-market stock purchase.

Insider Trade Summary

Grant/Award: 1,646 shares

Grant/Award 2 txns

Insider Bertagnolli Monica

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,571	$0.00	$0.00
Grant/Award	Common Stock	75	$0.00	$0.00

Holdings After Transaction: Common Stock — 7,020 shares (Direct)

Footnotes (3)

1. F1. Represents the issuance of restricted stock units (RSUs) that shall vest in full on June 11, 2027. The RSUs will become fully vested in the event that the Issuer is subject to a change in control.
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 in lieu of quarterly retainer fees of $16,875 for service on the Issuer's Board of Directors. The RSUs were fully vested at the time of issuance.

Key Figures

Time-based RSU grant: 75 RSUs Fee-in-lieu RSU grant: 1,571 RSUs Board retainer converted to RSUs: $16,875 +1 more

4 metrics

Time-based RSU grant 75 RSUs Vests in full on June 11, 2027 or upon change in control

Fee-in-lieu RSU grant 1,571 RSUs Issued in lieu of board quarterly retainer fees

Board retainer converted to RSUs $16,875 Quarterly retainer fees replaced with fully vested RSUs

RSU-to-share ratio 1 RSU = 1 share Each RSU represents one Natera common share upon settlement

Key Terms

restricted stock units (RSUs), change in control, quarterly retainer fees, Board of Directors

4 terms

restricted stock units (RSUs) financial

"Represents the issuance of restricted stock units (RSUs) that shall vest in full on June 11, 2027."

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

change in control financial

"The RSUs will become fully vested in the event that the Issuer is subject to a change in control."

A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

quarterly retainer fees financial

"Represents the issuance of RSUs to the Reporting Person in lieu of quarterly retainer fees of $16,875 for service on the Issuer's Board of Directors."

Board of Directors financial

"in lieu of quarterly retainer fees of $16,875 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.

FAQ

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

What did Monica Bertagnolli acquire in Natera (NTRA) according to this Form 4?

Monica Bertagnolli received stock-based compensation, not open-market purchases. She was granted 75 restricted stock units (RSUs) and 1,571 additional RSUs in lieu of a cash board retainer, all tied to Natera common stock.

What are the vesting terms of Monica Bertagnolli’s new Natera RSUs?

The 75 RSUs will vest in full on June 11, 2027, providing long-term equity alignment. They will also become fully vested earlier if Natera experiences a change in control, accelerating delivery of the underlying common shares.

Why did Natera grant 1,571 RSUs to Monica Bertagnolli?

The 1,571 RSUs were issued instead of a cash quarterly retainer of $16,875 for board service. These RSUs were fully vested upon issuance, effectively converting her cash director fees into immediately vested equity compensation.

Does each RSU granted to Monica Bertagnolli equal one Natera share?

Yes. Each restricted stock unit represents a contingent right to receive one share of Natera’s common stock. Once vested and settled, the RSUs convert into an equivalent number of common shares for the reporting person.

Were Monica Bertagnolli’s Natera RSU grants open-market stock purchases?

No. The Form 4 classifies both entries under code A as grants or awards. These are equity compensation awards and fee-in-lieu RSUs, not open-market purchases, so no transaction price per share is reported for the grants.

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

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Accepted by SEC EDGAR 06/30/2026 - 08:05 PM 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^*

Bertagnolli Monica

(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)
06/26/2026

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	06/26/2026		A		1,571(1)	A	(2)	6,945	D
Common Stock	06/26/2026		A		75(3)	A	(2)	7,020	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) that shall vest in full on June 11, 2027. The RSUs will become fully vested in the event that the Issuer is subject to a change in control.

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 in lieu of quarterly retainer fees of $16,875 for service on the Issuer's Board of Directors. The RSUs were fully vested at the time of issuance.

	/s/ Tami Chen, Attorney-in-Fact	06/30/2026
	** 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)