Natera (NTRA) legal chief sells 16,800 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Natera, Inc. insider Daniel Rabinowitz, the Secretary and Chief Legal Officer, sold 16,800 shares of Common Stock in a series of open‑market transactions. The sales occurred on July 1, 2026 and were executed under a pre‑arranged Rule 10b5‑1 trading plan adopted on December 5, 2025.
The reported sales were broken into multiple trades at weighted‑average prices, with underlying individual trade prices ranging from about $266.33 to $278.78 per share, according to the footnotes. The filing does not change any company fundamentals; it simply discloses these planned insider stock sales.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 16,800 shares ($4,574,431)
Net Sell
12 txns
Insider
RABINOWITZ DANIEL
Role
SEC. AND CHIEF LEGAL OFFICER
Sold
16,800 shs ($4.57M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,568 | $266.7925 | $418K |
| Sale | Common Stock | 3,705 | $268.1052 | $993K |
| Sale | Common Stock | 1,932 | $268.9928 | $520K |
| Sale | Common Stock | 484 | $269.8672 | $131K |
| Sale | Common Stock | 1,357 | $270.9645 | $368K |
| Sale | Common Stock | 454 | $272.1388 | $124K |
| Sale | Common Stock | 500 | $274.1908 | $137K |
| Sale | Common Stock | 1,100 | $275.1972 | $303K |
| Sale | Common Stock | 1,400 | $276.2425 | $387K |
| Sale | Common Stock | 2,045 | $277.2889 | $567K |
| Sale | Common Stock | 1,955 | $278.247 | $544K |
| Sale | Common Stock | 300 | $278.7667 | $84K |
Holdings After Transaction:
Common Stock — 187,526 shares (Direct, null)
Footnotes (1)
- The sale of shares was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 5, 2025. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $266.33 to $267.30 per share, inclusive. The holder undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $267.37 to $268.26 per share, inclusive. The holder undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $268.47 to $269.36 per share, inclusive. The holder undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $269.51 to $270.38 per share, inclusive. The holder undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $270.59 to $271.08 per share, inclusive. The holder undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $271.63 to $272.47 per share, inclusive. The holder undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $273.67 to $274.56 per share, inclusive. The holder undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $274.71 to $275.60 per share, inclusive. The holder undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $275.72 to $276.65 per share, inclusive. The holder undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.76 to $277.75 per share, inclusive. The holder undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $277.76 to $278.73 per share, inclusive. The holder undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $278.76 to $278.78 per share, inclusive. The holder undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares sold: 16,800 shares
Number of sale transactions: 12 sales
Lowest price range: $266.33–$267.30 per share
+2 more
5 metrics
Shares sold
16,800 shares
Total Common Stock sold on July 1, 2026
Number of sale transactions
12 sales
Separate open-market sale entries in Form 4
Lowest price range
$266.33–$267.30 per share
Price range noted in one weighted-average footnote
Highest price range
$278.76–$278.78 per share
Highest underlying trade range disclosed in footnotes
Adoption date of 10b5-1 plan
December 5, 2025
Date Rabinowitz’s trading plan was adopted
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale, Common Stock, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sale of shares was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 5, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Natera (NTRA) report for Daniel Rabinowitz?
Natera reported that Daniel Rabinowitz, its Secretary and Chief Legal Officer, sold 16,800 shares of Common Stock. The sales were disclosed in a Form 4 filing and represent open‑market transactions in the company’s stock executed on July 1, 2026.
Was the Natera (NTRA) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the sales were made under a Rule 10b5‑1 trading plan adopted by Daniel Rabinowitz on December 5, 2025. Such plans pre‑schedule trades, indicating the timing of these sales was determined in advance rather than decided opportunistically.
How many separate sale transactions did the Natera (NTRA) Form 4 report?
The Form 4 transaction summary shows 12 separate sale entries for Common Stock. Each entry reflects an open‑market sale code “S,” with its own share amount and weighted‑average price, all occurring on July 1, 2026 as part of the overall 16,800‑share disposition.
What type of security did the Natera (NTRA) insider sell in this Form 4?
All reported transactions involve Common Stock of Natera, Inc. The filing does not include any derivative security exercises or conversions, and the derivativeSummary section is empty, indicating only non‑derivative stock sales were reported for this event.