Natera CEO Steven Chapman Sells $545K in Routine 10b5-1 Trade
Natera, Inc.
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Filing Summary
Natera CEO Steven Chapman Sells $545K in Routine 10b5-1 Trade
Company: Natera, Inc. (NTRA) Form: 4 | Filed: 2026/09/04 Significance: Low
Insider: Chapman Steven Leonard Title: CEO AND PRESIDENT | Relationship: Director, Officer
Transaction: • Type: Sale • Shares: 1,698 • Price: $320.99 • Value: $545,041.02 • Owned After: 98,199
Key Insight: Routine Rule 10b5-1 scheduled disposition representing ~1.7% of the CEO's holdings and a negligible fraction of shares outstanding.
Market Context: NTRA trades at a large-cap valuation ($47.18B), making this transaction immaterial to overall float and company operations.
Comprehensive Analysis
SEC Filing Analysis: Natera, Inc. (NTRA)
Executive Summary
- Trading Significance: Low
- Key Takeaway: CEO Steven Chapman disposed of 1,698 shares for approximately $545K under a pre-established Rule 10b5-1 trading plan.
- Market Impact: Neutral; immaterial transaction relative to company capitalization and shares outstanding.
Company Information
| Field | Value |
|---|---|
| Company | Natera, Inc. |
| Ticker Symbol | NTRA |
| CIK | 0001604821 |
| Industry | Services-Medical Laboratories [8071] |
Insider Information
| Field | Value |
|---|---|
| Name | Chapman Steven Leonard |
| CIK | 0001711968 |
| Title/Position | CEO AND PRESIDENT |
| Relationship | Director, Officer |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 4 |
| Transaction Date | 2026-09-01 |
| Transaction Code | S (Open Market Sale) |
| Security Type | Common Stock |
| Shares Involved | 1,698 |
| Price Per Share | $320.99 |
| Total Value | $545,041.02 |
| Shares Owned After | 98,199 |
| Ownership Type | Direct |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $545,041.02 |
| % of Market Cap | 0.0012% |
| Shares Transacted | 1,698 |
| % of Shares Outstanding | 0.0012% |
| Post-Transaction Ownership | 98,199 shares (0.0686% of outstanding) |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: For a large-cap issuer with a $47.18 billion market capitalization, a $545K transaction represents a negligible portion (<0.01%) of total value.
- Ownership Concentration: The insider retains 98,199 direct shares, selling only ~1.7% of his direct position.
- Dilution Impact: Non-dilutive secondary market disposition.
- Transaction Significance: Low significance given the small transaction size relative to total shares outstanding and execution via an automated trading plan.
Market Impact Analysis
- Stock Impact Prediction: Neutral. Pre-planned scheduled sales of minor magnitude rarely affect price discovery.
- Expected Volume Impact: Immaterial compared to average daily trading volume.
- Sentiment Indicator: Neutral.
Additional Context
- Special Circumstances: The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on December 11, 2023, and last amended on March 5, 2026.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.