Steven Leonard Chapman, CEO and President of Natera Inc. (NTRA), has demonstrated a consistent pattern of selling company shares over recent months, with no open-market purchases recorded in the latest filings. Since November 2025, Chapman has executed 21 sales totaling approximately $84.2 million, with the largest single transaction occurring on November 3, 2025, when he sold $31.3 million worth of NTRA shares. The selling activity intensified in early 2026, particularly on February 2, when he executed six separate sales ranging from $23,400 to $9.6 million, collectively worth over $19.5 million. More recently, Chapman sold $1.1 million in shares on March 10, 2026, following a cluster of three sales totaling $790,095 on March 2. While some filings show $0 value transactions marked as "A" (likely representing awards or acquisitions not involving payment), the overwhelming majority reflect outright dispositions. The transactions suggest a deliberate reduction in Chapman's NTRA holdings, though the sales could represent routine portfolio rebalancing or liquidity needs given his executive position. The absence of any recent buys contrasts with his historical $18 million in purchases, indicating a shift in his trading behavior toward net divestment.
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