Natera (NASDAQ: NTRA) co-founder sells 107 shares for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Natera, Inc. director and co-founder Jonathan Sheena reported a small sale of common stock tied to equity compensation. On the reported date, 107 shares were sold at $206.16 per share to satisfy tax withholding and remittance obligations related to vesting RSUs, under a written instruction intended to meet Rule 10b5-1(c) conditions. After this transaction, Sheena held 255,652 shares of Natera common stock directly. Separate trusts identified as Caraluna 1 Trust and Caraluna 2 Trust each held 20,282 shares for their beneficiaries, and Sheena disclaimed beneficial ownership of those trust-held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 107 shares ($22,059)
Net Sell
3 txns
Insider
Sheena Jonathan
Role
null
Sold
107 shs ($22K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 107 | $206.16 | $22K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 255,652 shares (Direct, null);
Common Stock — 20,282 shares (Indirect, By Caraluna 2 Trust)
Footnotes (1)
- The sale of shares was effected in order to satisfy tax withholding and remittance obligations in connection with the vesting of RSUs and was made pursuant to a written instruction that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act contained in the Reporting Person's Stock Unit Agreement granted on January 31, 2025. Includes 48 shares acquired under the Issuer's 2015 Employee Stock Purchase Plan on April 30, 2026. Held for the benefit of the beneficiaries of the trust. The Reporting Person disclaims beneficial ownership over such securities.
Key Figures
Shares sold: 107 shares
Sale price per share: $206.16 per share
Direct holdings after transaction: 255,652 shares
+3 more
6 metrics
Shares sold
107 shares
Open-market sale to cover RSU tax withholding on 2026-05-01
Sale price per share
$206.16 per share
Price for the 107 Natera common shares sold
Direct holdings after transaction
255,652 shares
Common stock directly held by Jonathan Sheena after the sale
Caraluna 1 Trust holdings
20,282 shares
Common stock held for beneficiaries; beneficial ownership disclaimed
Caraluna 2 Trust holdings
20,282 shares
Common stock held for beneficiaries; beneficial ownership disclaimed
Net shares sold
107 shares
Net-sell direction in transaction summary for this Form 4
Key Terms
Rule 10b5-1(c), RSUs, 2015 Employee Stock Purchase Plan, tax withholding, +1 more
5 terms
Rule 10b5-1(c) regulatory
"intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act"
Rule 10b5-1(c) is an SEC guideline that lets company insiders set up a written, pre-planned schedule to buy or sell their company stock when they are not in possession of material, nonpublic information. For investors, it matters because such plans can reduce the appearance of insider trading by separating decisions from inside knowledge—like putting your trades on autopilot—while also requiring scrutiny since pre-planned trades can still affect market confidence and share value.
RSUs financial
"in connection with the vesting of RSUs and was made pursuant to a written instruction"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
2015 Employee Stock Purchase Plan financial
"Includes 48 shares acquired under the Issuer's 2015 Employee Stock Purchase Plan on April 30, 2026"
tax withholding financial
"The sale of shares was effected in order to satisfy tax withholding and remittance obligations"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
beneficial ownership financial
"Held for the benefit of the beneficiaries of the trust. The Reporting Person disclaims beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did Natera (NTRA) co-founder Jonathan Sheena report?
Jonathan Sheena reported selling 107 shares of Natera common stock. The sale was executed at $206.16 per share to cover tax withholding obligations triggered by the vesting of restricted stock units, according to the filed details and related footnote disclosures.
Was Jonathan Sheena’s Natera (NTRA) sale part of a Rule 10b5-1 trading arrangement?
Yes. The filing states the sale was made pursuant to a written instruction intended to satisfy Rule 10b5-1(c) affirmative defense conditions under the Exchange Act, embedded in Sheena’s stock unit agreement granted on January 31, 2025.