Form 4: Centene Director Christopher Coughlin Reports Sale of Common Stock

Director Christopher Coughlin reported selling 878 shares of Centene Corp common stock at a price of $76.745 on May 14, 2024.

Summary

• Christopher Coughlin, a director of Centene Corp, filed a Form 4 on May 24, 2024, reporting a change in beneficial ownership.
• On May 14, 2024, Coughlin sold 878 shares of Centene's common stock at a price of $76.745 per share.
• Following the transaction, Coughlin directly owns 25,503.926 shares of common stock, which includes 2,916 shares of restricted stock units subject to vesting requirements.
• Coughlin also indirectly owns shares through family trusts where he serves as the sole trustee.
• He also owns options to purchase 10,000 shares of common stock at an exercise price of $80.57, exercisable from February 7, 2025, and expiring on February 7, 2032.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors often monitor these filings to gauge sentiment and potential future stock performance.

Stakeholder Impact

• The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the transaction.

Key Dates