Cigna Form 3: EVP Reports 4,324 Shares and 4,610 Option Shares
Rhea-AI Filing Summary
Koka Durga Prasad, Executive Vice President and Global CIO of Cigna Group (CI), filed an initial Form 3 reporting ownership after a qualifying event on 09/08/2025. The filing shows 4,324 shares of common stock held directly and five employee stock option grants covering 4,610 underlying shares (638, 634, 842, 1,137, 1,359) with exercise prices from $218.2525 to $336.475 and various exercisable/expiration dates through 2035. The form was signed by Elise Ryan, attorney-in-fact, on 09/17/2025.
Positive
- Direct equity ownership reported: 4,324 shares of Cigna common stock are disclosed
- Detailed option grants and vesting are provided with exercise prices and expirations through 2035
- Form filed and signed by attorney-in-fact (Elise Ryan) with dates included
Negative
- None.
Insights
TL;DR: Routine Section 16 filing shows officer equity ownership via shares and multiple option grants; no unusual transactions disclosed.
The Form 3 is an initial beneficial-ownership disclosure for an executive officer, listing direct ownership of 4,324 common shares and five employee stock options totaling 4,610 underlying shares with exercise prices and expirations stated. All holdings are reported as direct (D). This filing is informational and customary when an officer becomes a reporting person.
TL;DR: Governance disclosure completed properly; grants and vesting schedules are documented and signatures included.
The document includes vesting and grant dates for each option and explains installment vesting schedules. The reporting includes an attorney-in-fact signature and required dates, satisfying procedural requirements for initial Section 16 filings. There are no amendments, derivatives beyond standard employee options, or indirect ownership claims noted.