Tax-driven share sales by Natera, Inc. (NTRA) co-founder
Rhea-AI Filing Summary
Natera, Inc. director and co‑founder Sheena Jonathan reported selling 288 and 191 shares of common stock on July 27 and 28, 2026 at average prices of $260.4908 and $254.0696 per share. The sales were effected to satisfy tax withholding obligations arising from vesting RSUs, under written instructions intended to meet Rule 10b5-1(c) conditions. Separate Caraluna 1 and Caraluna 2 trusts each hold 18,032 shares for beneficiaries, and the reporting person disclaims beneficial ownership of those securities.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 479 shares
Net Sell
4 txns
Insider
Sheena Jonathan
Role
Director
Sold
479 shs ($124K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2 | 191 | $254.0696 | $49K |
| Sale | Common Stock F1 | 288 | $260.4908 | $75K |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 245,723 shares (Direct);
Common Stock — 18,032 shares (Indirect, By Caraluna 1 Trust);
Common Stock — 18,032 shares (Indirect, By Caraluna 2 Trust)
Footnotes (3)
- F1. The sale of shares was effected in order to satisfy tax withholding and remittance obligations in connection with the vesting of Restricted Stock Units ("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 26, 2024.
- F2. 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 27, 2023.
- F3. Held for the benefit of the beneficiaries of the trust. The Reporting Person disclaims beneficial ownership over such securities.
Key Figures
Shares sold 2026-07-27: 288 shares
Sale price 2026-07-27: $260.4908 per share
Shares sold 2026-07-28: 191 shares
+4 more
7 metrics
Shares sold 2026-07-27
288 shares
Common stock sale by director on July 27, 2026
Sale price 2026-07-27
$260.4908 per share
Average price for 288-share sale to cover RSU tax withholding
Shares sold 2026-07-28
191 shares
Common stock sale by director on July 28, 2026
Sale price 2026-07-28
$254.0696 per share
Average price for 191-share sale to cover RSU tax withholding
Caraluna 1 Trust holdings
18,032 shares
Indirect Natera common stock held for trust beneficiaries; beneficial ownership disclaimed
Caraluna 2 Trust holdings
18,032 shares
Indirect Natera common stock held for trust beneficiaries; beneficial ownership disclaimed
Total shares sold
479 shares
Aggregate of two reported sales on July 27–28, 2026
Key Terms
Restricted Stock Units ("RSUs"), Rule 10b5-1(c), tax withholding and remittance obligations, beneficial ownership
4 terms
Restricted Stock Units ("RSUs") financial
"in connection with the vesting of Restricted Stock Units ("RSUs")"
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.
Rule 10b5-1(c) regulatory
"intended to satisfy the affirmative defense conditions of Rule 10b5-1(c)"
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.
tax withholding and remittance obligations financial
"to satisfy tax withholding and remittance obligations in connection with the vesting of RSUs"
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership over such securities."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock transactions did Sheena Jonathan report for Natera (NTRA)?
Sheena Jonathan reported selling 479 shares of Natera common stock across two transactions on July 27 and 28, 2026, at average prices of $260.4908 and $254.0696 per share. The Form 4 identifies her as a director and co‑founder of Natera.
Were Sheena Jonathan’s NTRA stock sales made under a Rule 10b5-1 arrangement?
Yes. The filing states the sales were made pursuant to written instructions intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act, embedded in stock unit agreements granted in January 2023 and January 2024.