The filing is a routine insider sale of RSU-vested shares with no unusual size or timing. No material signal for the stock. Monitor for any larger insider sales or changes in selling patterns.
How the stock moved after the report
⚠ Clustered NEUTRAL VIEWSTOCK BELOW ENTRY AT T+5- T+0 · Nov 3 $388.63entry
- T+1 · 8d ago +0.62%α −1.03% · $391.03
- T+5 · yesterday −19.72%α −19.14% · $311.98
- T+6 · todayOpen
- T+20 · in 20d Pending
- T+60 · in 3mo Pending
Price Chart
REPLAYWatch the reaction play outHow similar events traded
Executive Summary
Michael Brophy, an officer of Natera, filed a Form 144 notice of intent to sell 313 shares of common stock with an approximate market value of $129,676. The shares were acquired upon vesting of restricted stock units on October 31, 2026. This is a very small sale relative to the company's $62.8B market cap and appears to be a routine transaction to cover tax obligations or diversify holdings.
Key Facts
- Insider Michael Brophy (officer) filed Form 144 to sell 313 shares
- Estimated sale value: approximately $129,676
- Shares acquired via RSU vesting on October 31, 2026
- Sale represents a negligible fraction of Natera's $62.8B market cap
- Brophy has sold shares on multiple prior dates in 2026 (Oct 27-30, Aug 3-4), suggesting a pattern of routine post-vesting sales
Financial Impact
Sale of 313 shares worth ~$129,676, immaterial relative to $62.8B market cap
Risk Factors
- Form 144 is only an intent to sell; the actual sale may not occur
- Insider selling pattern shows multiple small sales in 2026, which is typical for RSU vesting and not indicative of negative outlook
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001697362-26-000023 |
| Document: 0001697362-26-000023-index.html | 0001697362-26-000023 |
| Document: 0001697362-26-000023.txt | 0001697362-26-000023 |
Track record
61 reports on NTRA
6 of 9 bullish or bearish reports moved the stock their way by T+1. Best: +6.55% at T+5 after the Oct 2, 2026 report. 6 of 9 went positive at some point.
Filters
- Nov 10, 20261d ago Insider Cluster Neutral 3/10 Entry $318.65 Now $311.98 −2.09% settles Nov 12
- Nov 6, 20265d ago SC 13G/A Neutral 3/10 Entry $310.67 to $320.39 Now $311.98 +0.42% ▲ +3.13% +0.76% vs SPY
- Nov 5, 20266d ago 8-K Mixed 6/10 Entry $310.67 to $320.39 Now $311.98 +0.42% ▲ +3.13% +0.76% vs SPY
- Nov 5, 20266d ago SC 13G Neutral 4/10 Entry $363.76 to $310.67 Now $311.98 −14.23% ▼ −14.59% −14.91% vs SPY
- Nov 4, 20266d ago Insider Cluster Neutral 2/10 Entry $363.76 to $310.67 Now $311.98 −14.23% ▼ −14.59% −14.91% vs SPY
- Nov 3, 20268d ago 144 Neutral 2/10 Entry $391.03 to $363.76 Now $311.98 −20.22% ▼ −6.97% −2.56% vs SPY
- Nov 2, 20269d ago 144 Neutral 2/10 Entry $388.63 to $391.03 Now $311.98 −19.72% ▲ +0.62% −1.03% vs SPY
- Nov 2, 20269d ago 144 Neutral 3/10 Entry $388.63 to $391.03 Now $311.98 −19.72% ▲ +0.62% −1.03% vs SPY
- Nov 2, 20269d ago 144 Neutral 1/10 Viewing Entry $388.63 to $391.03 Now $311.98 −19.72% ▲ +0.62% −1.03% vs SPY
- Nov 2, 20269d ago 144 Neutral 2/10 Entry $388.63 to $391.03 Now $311.98 −19.72% ▲ +0.62% −1.03% vs SPY
US Market Status
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