Natera, Inc. Chief Financial Officer Brophy Michael Burkes filed a Form 4 on October 29, 2026, reporting the sale of common stock on October 27 and October 28, 2026, both transactions made pursuant to Rule 10b5-1(c) written plans to cover tax withholding obligations tied to vesting RSUs.

Key Highlights

  • First sale: Burkes disposed of 781 shares of Natera common stock on October 27, 2026, at a price of $406 per share.
  • Second sale: Burkes disposed of 1,198 shares on October 28, 2026, at a weighted average price of $426.3404 per share.
  • Tax withholding purpose: Both sales were made solely to satisfy tax withholding and remittance obligations in connection with the vesting of Restricted Stock Units, according to the filing.
  • Rule 10b5-1 plans: The October 27 sale was made under a plan from a Stock Unit Agreement granted January 26, 2024; the October 28 sale was made under plans from Stock Unit Agreements granted January 27, 2023.
  • Remaining ownership: Following both transactions, Burkes directly beneficially owned 49,658 shares of Natera common stock.
  • Issuer: Natera, Inc., listed on NASDAQ:NTRA.

Burkes RSU Tax Sales: October 27 and 28, 2026 Transaction Details

According to the Form 4 filed with the SEC on October 29, 2026, Brophy Michael Burkes, Chief Financial Officer of Natera, Inc. (NASDAQ:NTRA), reported two separate dispositions of common stock. On October 27, 2026, Burkes sold 781 shares at $406 per share, reducing his directly held beneficial ownership from a pre-transaction amount to 50,856 shares. The following day, on October 28, 2026, he sold an additional 1,198 shares at a price of $426.3404 per share, bringing his total direct beneficial ownership to 49,658 shares.

The filing specifies that both sales carried transaction code "S" and were dispositions (D) of directly owned shares. Both transactions were made pursuant to written instructions intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. The October 27 sale was executed under a Stock Unit Agreement granted on January 26, 2024, while the October 28 sale was executed under Stock Unit Agreements granted on January 27, 2023, the filing disclosed.

The filing states that the purpose of each sale "was effected in order to satisfy tax withholding and remittance obligations in connection with the vesting of Restricted Stock Units." No derivative securities transactions were reported. The Form 4 was signed by Tami Chen as Attorney-in-Fact on October 29, 2026.

What Was Disclosed

Natera CFO Brophy Michael Burkes disclosed the sale of a combined 1,979 shares of Natera common stock across two dates in late October 2026, both under pre-established Rule 10b5-1 plans and solely for RSU tax withholding purposes, leaving him with 49,658 directly held shares.