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Natera chairman Matthew Rabinowitz sells 50,000 shares

The reported sale transactions were effected under a Rule 10b5-1 trading plan adopted June 12, 2026.

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Form Type
4

Rhea-AI Filing Summary

Natera, Inc. executive chairman Matthew Rabinowitz exercised options for 50,000 common shares at $10.41 per share on October 15, 2026, and reported sales of 50,000 shares in 19 transactions. Reported sale prices included weighted averages of $388.3187 per share for 286 shares and $408.2356 per share for 2,000 shares. The sales were effected under a Rule 10b5-1 plan adopted June 12, 2026; the options were fully exercisable, with zero options reported after exercise and an expiration date of June 8, 2027.

Insider Rabinowitz Matthew
Role EXECUTIVE CHAIRMAN
Sold 50,000 shs ($20.13M)
Approx. gross sale proceeds $20.13M
Approx. exercise cost $521K
Approx. pre-tax spread $19.61M
Type Security Shares Price Value
Exercise Stock Option (right to buy) F21 50,000 $0.00 $0.00
Exercise Common Stock 50,000 $10.41 $521K
Sale Common Stock F1, F2 286 $388.3187 $111K
Sale Common Stock F1, F3 714 $389.8392 $278K
Sale Common Stock F1, F4 600 $390.2052 $234K
Sale Common Stock F1, F5 300 $391.5767 $117K
Sale Common Stock F1, F6 800 $393.4713 $315K
Sale Common Stock F1, F7 300 $394.395 $118K
Sale Common Stock F1, F8 1,900 $396.3048 $753K
Sale Common Stock F1, F9 1,100 $397.1592 $437K
Sale Common Stock F1, F10 600 $398.0898 $239K
Sale Common Stock F1, F11 793 $399.3128 $317K
Sale Common Stock F1, F12 2,671 $400.3091 $1.07M
Sale Common Stock F1, F13 5,974 $401.4219 $2.40M
Sale Common Stock F1, F14 6,309 $402.2323 $2.54M
Sale Common Stock F1, F15 3,858 $403.2655 $1.56M
Sale Common Stock F1, F16 10,321 $404.6416 $4.18M
Sale Common Stock F1, F17 6,274 $405.1795 $2.54M
Sale Common Stock F1, F18 1,400 $406.6299 $569K
Sale Common Stock F1, F19 3,800 $407.2662 $1.55M
Sale Common Stock F1, F20 2,000 $408.2356 $816K
Holdings After Transaction: Stock Option (right to buy) — 0 contracts (Direct); Common Stock — 2,119,394 shares (Direct)
Footnotes (21)
  1. F1. The sale of shares was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 12, 2026.
  2. F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $387.97 to $388.70 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.
  3. F3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $389.06 to $390.05 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.
  4. F4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $390.08 to $390.33 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.
  5. F5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $391.55 to $391.60 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.
  6. F6. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $393.15 to $394.08 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.
  7. F7. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $394.52 to $395.23 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.
  8. F8. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $395.69 to $396.68 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.
  9. F9. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $396.75 to $397.62 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.
  10. F10. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $397.78 to $398.56 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.
  11. F11. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $398.80 to $399.79 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.
  12. F12. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $399.82 to $400.80 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.
  13. F13. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $400.82 to $401.79 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.
  14. F14. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $401.82 to $402.81 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.
  15. F15. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $402.82 to $403.80 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.
  16. F16. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $403.83 to $404.82 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.
  17. F17. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $404.86 to $405.79 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.
  18. F18. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $405.92 to $406.91 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.
  19. F19. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $406.92 to $407.87 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.
  20. F20. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $407.96 to $408.60 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.
  21. F21. The option shares are fully exercisable.
Options exercised 50,000 shares October 15, 2026
Exercise price $10.41 per share Options exercised on October 15, 2026
Shares sold 50,000 shares October 15, 2026
Sale transactions 19 transactions Reported on October 15, 2026
Weighted-average sale price $388.3187 per share 286 shares sold on October 15, 2026
Weighted-average sale price $408.2356 per share 2,000 shares sold on October 15, 2026
Options following exercise 0 options Reported following the October 15, 2026 exercise
Option expiration date June 8, 2027 Expiration date listed for the options
Rule 10b5-1 trading plan financial
"sale of shares was effected pursuant to a Rule 10b5-1 trading plan"
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
"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.
fully exercisable financial
"The option shares are fully exercisable"

FAQ

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

How many NTRA shares did Matthew Rabinowitz sell, and at what prices?

Matthew Rabinowitz reported sales of 50,000 shares in 19 transactions on October 15, 2026. The listed transactions include weighted-average prices of $388.3187 per share for 286 shares and $408.2356 per share for 2,000 shares. The sales were effected under a Rule 10b5-1 plan adopted June 12, 2026.

How many NTRA options did Matthew Rabinowitz exercise?

Matthew Rabinowitz exercised options for 50,000 common shares at $10.41 per share on October 15, 2026. The options were fully exercisable; the option record reports zero options following the exercise and an expiration date of June 8, 2027.

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

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SEC Form 4
FORM 4UNITED 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).
X
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*
Rabinowitz Matthew

(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
EXECUTIVE CHAIRMAN
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
10/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock10/15/2026M50,000A$10.412,169,394D
Common Stock10/15/2026S286(1)D$388.3187(2)2,169,108D
Common Stock10/15/2026S714(1)D$389.8392(3)2,168,394D
Common Stock10/15/2026S600(1)D$390.2052(4)2,167,794D
Common Stock10/15/2026S300(1)D$391.5767(5)2,167,494D
Common Stock10/15/2026S800(1)D$393.4713(6)2,166,694D
Common Stock10/15/2026S300(1)D$394.395(7)2,166,394D
Common Stock10/15/2026S1,900(1)D$396.3048(8)2,164,494D
Common Stock10/15/2026S1,100(1)D$397.1592(9)2,163,394D
Common Stock10/15/2026S600(1)D$398.0898(10)2,162,794D
Common Stock10/15/2026S793(1)D$399.3128(11)2,162,001D
Common Stock10/15/2026S2,671(1)D$400.3091(12)2,159,330D
Common Stock10/15/2026S5,974(1)D$401.4219(13)2,153,356D
Common Stock10/15/2026S6,309(1)D$402.2323(14)2,147,047D
Common Stock10/15/2026S3,858(1)D$403.2655(15)2,143,189D
Common Stock10/15/2026S10,321(1)D$404.6416(16)2,132,868D
Common Stock10/15/2026S6,274(1)D$405.1795(17)2,126,594D
Common Stock10/15/2026S1,400(1)D$406.6299(18)2,125,194D
Common Stock10/15/2026S3,800(1)D$407.2662(19)2,121,394D
Common Stock10/15/2026S2,000(1)D$408.2356(20)2,119,394D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (right to buy)$10.4110/15/2026M50,000 (21)06/08/2027Common Stock50,000$00D
Explanation of Responses:
1. The sale of shares was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 12, 2026.
2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $387.97 to $388.70 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.
3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $389.06 to $390.05 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.
4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $390.08 to $390.33 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.
5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $391.55 to $391.60 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.
6. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $393.15 to $394.08 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.
7. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $394.52 to $395.23 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.
8. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $395.69 to $396.68 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.
9. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $396.75 to $397.62 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.
10. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $397.78 to $398.56 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.
11. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $398.80 to $399.79 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.
12. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $399.82 to $400.80 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.
13. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $400.82 to $401.79 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.
14. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $401.82 to $402.81 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.
15. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $402.82 to $403.80 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.
16. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $403.83 to $404.82 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.
17. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $404.86 to $405.79 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.
18. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $405.92 to $406.91 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.
19. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $406.92 to $407.87 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.
20. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $407.96 to $408.60 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.
21. The option shares are fully exercisable.
/s/ Tami Chen, Attorney-in-Fact10/16/2026
** Signature of Reporting PersonDate
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)

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