Brophy Michael Burkes, Chief Financial Officer of Natera Inc. (NTRA), has demonstrated a consistent pattern of selling company stock over the past year, with no recorded purchases in SEC filings. His 44 reported transactions since October 2025—all sales—totaled $20.6 million in divested shares. The most significant dispositions occurred in January 2026, including a $8.9 million sale on January 21 and a $5.6 million transaction the prior day. These large-scale reductions were followed by a series of mid-sized sales throughout late January and early February 2026, ranging from $188,577 to $1.1 million, with additional activity as recent as March 10 ($160,244). Earlier transactions in October 2025 were comparatively smaller, typically under $250,000 per filing.
The filings reveal a concentrated position in NTRA, with no trades in other companies. While some sales appear routine—such as those coded "A" for awards—the volume and timing suggest ongoing portfolio rebalancing. Notably, Burkes’ transactions cluster around specific dates, including multi-day sequences like January 27–29, 2026, where he sold over $1 million in shares across five filings. The absence of any buy activity, coupled with the sustained selling trend, indicates a directional reduction in his equity exposure to Natera. The transactions were executed at varying price points, reflecting both opportunistic and systematic divestment.
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