Monitor for additional insider selling in the next 30 days; if isolated, this cluster is likely routine. Check for 10b5-1 plan disclosures in upcoming Form 4s. The coincident grants and sales suggest planned activity, not a reaction to material non-public information.
Price Chart
Executive Summary
Multiple Natera insiders, including the Chief Legal Officer and President/Chief Business Officer, sold shares in the open market, totaling $526,458 in sales over two days. These sales coincided with routine stock award grants of equivalent non-cash value. The total dollar volume represents a small fraction of Natera’s $27.9B market cap.
Key Financial Metrics
Key Facts
- Three insiders conducted open-market sales on March 10, 2026, totaling $526,458.
- Sales were executed at $204.1327 per share by Sheena Jonathan (127 shares, $25,925), Daniel Rabinowitz (1,745 shares, $356,212), and John Fesko (707 shares, $144,322).
- On March 9, the same three individuals received stock grants totaling 4,767 shares with $0 cash value, suggesting the sales may be part of pre-arranged 10b5-1 plans or routine post-grant diversification.
- Total open-market sales represent just 0.0019% of Natera’s $27.9B market cap, indicating minimal economic impact.
- No executives engaged in net buying; all transactions were either sales or non-cash grants.
Financial Impact
$526,458 in open-market share sales over two days
Risk Factors
- Perception risk: Concentrated selling by C-suite members could be interpreted negatively by the market despite likely pre-planned nature.
- Lack of insider buying may signal limited near-term conviction in stock appreciation.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (6 trades, 7d window) | cluster-NTRA-1773277539989 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 4, 2026 28d ago | Insider Cluster | $328.18 $341.79 | ▲ +4.15% | ▲ +5.36% | $402.41 (+22.62%) |
Aug 29, 2026 4w ago | Insider Cluster | $321.96 $328.59 | ▼ −2.06% | ▼ −2.20% | $402.41 (−24.99%) |
Aug 15, 2026 6w ago | Insider Cluster | $314.18 $327.72 | ▲ +4.31% | ▲ +5.50% | $402.41 (+28.08%) |
Aug 8, 2026 7w ago | Insider Cluster | $318.35 $314.18 | ▼ −1.31% | ▼ −1.26% | $402.41 (+26.40%) |
Aug 6, 2026 8w ago | Insider Cluster | $265.38 $310.78 | ▼ −17.11% | ▼ −15.89% | $402.41 (−51.64%) |
Jul 30, 2026 9w ago | Insider Cluster | $269.66 $265.38 | ▼ −1.59% | ▼ −5.21% | $402.41 (+49.23%) |
Jul 18, 2026 10w ago | Insider Cluster | $262.63 $261.99 | ▼ −0.24% | ▲ +0.18% | $402.41 (+53.22%) |
Jul 16, 2026 11w ago | Insider Cluster | $269.83 $264.69 | ▼ −1.90% | ▼ −0.23% | $402.41 (+49.13%) |
Jul 9, 2026 12w ago | Insider Cluster | $281.85 $269.83 | ▼ −4.26% | ▼ −4.13% | $402.41 (+42.77%) |
Jul 7, 2026 12w ago | Insider Cluster | $281.27 $272.66 | ▼ −3.06% | ▼ −3.61% | $402.41 (+43.07%) |
US Market Status
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