The small dollar amount of actual selling, particularly from insiders converting options, suggests routine portfolio management rather than negative sentiment. Traders should monitor for larger-scale dispositions or changes in trend.
Price Chart
Executive Summary
Natera's Executive Chairman Matthew Rabinowitz exercised options for 100,000 shares and sold a small portion (100 shares) for $19,007, while Director Sheena Jonathan sold 539 shares for $106,406. The majority of the activity consists of non-cash derivative exercises, with minimal open-market selling from executives.
Key Financial Metrics
Key Facts
- Executive Chairman Matthew Rabinowitz exercised 100,000 derivative securities on March 16, 2026, with 50,000 shares exercised at $0 and 50,000 at $9.59, resulting in a $479,500 value realization.
- Rabinowitz sold 100 shares in the open market for $19,007.08 at ~$190.07 per share.
- Director Sheena Jonathan sold 539 shares across two trades for a total of $106,406.33.
- Total open-market sales in the cluster amount to $125,413.41.
- All transactions occurred within a 5-day window in March 2026.
Financial Impact
$125,413 in open-market sales, representing less than 0.0005% of Natera's $28.7B market cap — negligible financial impact.
Risk Factors
- Perception risk if media or retail investors misinterpret derivative exercises as large-scale insider selling.
- Potential for follow-on selling if other insiders begin similar transactions.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (5 trades, 7d window) | cluster-NTRA-1774055135653 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 4, 2026 28d ago | Insider Cluster | $328.18 $341.79 | ▲ +4.15% | ▲ +5.36% | $410.35 (+25.04%) |
Aug 29, 2026 4w ago | Insider Cluster | $321.96 $328.59 | ▼ −2.06% | ▼ −2.20% | $410.35 (−27.45%) |
Aug 15, 2026 6w ago | Insider Cluster | $314.18 $327.72 | ▲ +4.31% | ▲ +5.50% | $410.35 (+30.61%) |
Aug 8, 2026 7w ago | Insider Cluster | $318.35 $314.18 | ▼ −1.31% | ▼ −1.26% | $410.35 (+28.90%) |
Aug 6, 2026 8w ago | Insider Cluster | $265.38 $310.78 | ▼ −17.11% | ▼ −15.89% | $410.35 (−54.63%) |
Jul 30, 2026 9w ago | Insider Cluster | $269.66 $265.38 | ▼ −1.59% | ▼ −5.21% | $410.35 (+52.17%) |
Jul 18, 2026 10w ago | Insider Cluster | $262.63 $261.99 | ▼ −0.24% | ▲ +0.18% | $410.35 (+56.25%) |
Jul 16, 2026 11w ago | Insider Cluster | $269.83 $264.69 | ▼ −1.90% | ▼ −0.23% | $410.35 (+52.08%) |
Jul 9, 2026 12w ago | Insider Cluster | $281.85 $269.83 | ▼ −4.26% | ▼ −4.13% | $410.35 (+45.59%) |
Jul 7, 2026 12w ago | Insider Cluster | $281.27 $272.66 | ▼ −3.06% | ▼ −3.61% | $410.35 (+45.89%) |
US Market Status
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