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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