T. Rowe Price reports 7.8% stake in Natera

T. Rowe Price Associates, Inc. reported beneficial ownership of 10,872,702 shares of Natera Inc. common stock, representing 7.8% of the class as of 12/31/2025.

Rhea-AI Filing Summary

T. Rowe Price Associates, Inc. reported beneficial ownership of 10,872,702 shares of Natera Inc. common stock, representing 7.8% of the class as of 12/31/2025. It has sole voting power over 10,475,212 shares and sole dispositive power over 10,871,989 shares.

The firm states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Natera. It also disclaims being the beneficial owner of the securities, despite filing this Schedule 13G/A amendment.

FAQ

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

What stake in Natera (NTRA) does T. Rowe Price Associates report?

T. Rowe Price Associates reports beneficial ownership of 10,872,702 Natera common shares, representing 7.8% of the class as of December 31, 2025. This makes it a significant institutional holder under SEC reporting rules.

What voting and dispositive power does T. Rowe Price have over Natera (NTRA) shares?

T. Rowe Price Associates reports sole voting power over 10,475,212 shares and sole dispositive power over 10,871,989 shares of Natera common stock. It reports no shared voting or shared dispositive power over any Natera shares.

Why did T. Rowe Price file an amended Schedule 13G/A for Natera (NTRA)?

The amended Schedule 13G/A reflects updated beneficial ownership information for Natera common stock as of December 31, 2025. Crossing or holding above the 5% threshold requires disclosure and updates when holdings change materially over time.

Does T. Rowe Price intend to influence control of Natera (NTRA)?

T. Rowe Price Associates states the Natera securities were acquired and are held in the ordinary course of business and not to change or influence control of the company, nor in connection with any control-related transaction or group activity.

How does T. Rowe Price characterize its beneficial ownership of Natera (NTRA)?

T. Rowe Price Associates files as a reporting person but expressly denies beneficial ownership of the Natera securities in a certification. It explains that the filing should not be construed as an admission of beneficial ownership of the reported shares.

What type of reporting person is T. Rowe Price in this Natera (NTRA) filing?

T. Rowe Price Associates is identified as a Maryland entity and checks the category for an investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E), reflecting its role managing client assets rather than holding the shares as an operating company.

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

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Accepted by SEC EDGAR 02/17/2026 - 10:26 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

NATERA INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

632307104

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 632307104

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 10,475,212.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 10,871,989.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,872,702.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: NATERA INC
(b)	Address of issuer's principal executive offices: 13011 MCCALLEN PASS, BUILDING A, SUITE 100, AUSTIN, TX, 78753
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 632307104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 10872702
(b)	Percent of class: 7.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 10475212
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 10871989
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	02/17/2026