Ex-Centene (NYSE: CNC) director lines up stock sale and 2026 call options

Rhea-AI Filing Summary

CENTENE CORP (CNC) is named as the issuer in a Form 144 notice filed for the account of former director Kenneth Burdick. The notice covers a proposed sale of 43,600 shares of common stock, acquired through restricted stock vesting on 02/06/2024, under Rule 144.

The filing also lists prior open-market sales by Burdick in the last three months and discloses an intention to write several covered call option positions on CNC common stock with varying strike prices and late-2026 expirations.

Key Figures

Proposed shares to be sold: 43,600 shares of common stock Proposed aggregate sale price: $2,834,000.00 Past sale on 06/10/2026: 80,000 shares for $5,164,227.15 +4 more

7 metrics

Proposed shares to be sold 43,600 shares of common stock Proposed sale under Rule 144 by former director Kenneth Burdick

Proposed aggregate sale price $2,834,000.00 Estimated aggregate market value for 43,600 shares to be sold

Past sale on 06/10/2026 80,000 shares for $5,164,227.15 Common stock sale by Kenneth Burdick during the past three months

Past sale on 08/05/2026 100,000 shares for $6,815,181.65 Common stock sale by Kenneth Burdick during the past three months

Covered calls at $70 strike 200 covered call options, expiring 11/20/2026 Intended option writing strategy on CNC common stock

Covered calls at $75 strike 200 covered call options, expiring 12/18/2026 Intended option writing strategy on CNC common stock

Covered calls at $80 strike 36 covered call options, expiring 12/18/2026 Intended option writing strategy on CNC common stock

Key Terms

Rule 144, Form 144, covered call options, restricted stock vesting, +1 more

5 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Form 144 regulatory

"144: Filer Information ... 144: Issuer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

covered call options financial

"intention to write 200 covered call options with a strike price of $70"

Covered call options are a strategy where an investor sells call options on shares they already own, receiving a payment (premium) now and agreeing to sell those shares at a set price if the buyer exercises the option. It matters because it can create steady income and provide a small cushion against losses, but it limits how much profit you can make if the stock rises sharply—like earning rent by leasing out a house while giving up the chance to sell it at a higher price later.

restricted stock vesting financial

"Restricted Stock Vesting | Issuer | | | 43600 | 02/06/2024"

Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

attorney-in-fact regulatory

"as attorney-in-fact for Kenneth Burdick"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

What does the Form 144 filing disclose about CENTENE CORP (CNC)?

It discloses that a former director, Kenneth Burdick, has filed a notice of proposed sale under Rule 144 for 43,600 shares of CENTENE CORP common stock, which were acquired through restricted stock vesting on 02/06/2024.

How many CNC shares does Kenneth Burdick plan to sell under this Form 144?

The notice covers a proposed sale of 43,600 shares of CENTENE CORP common stock. The securities were acquired on 02/06/2024 through restricted stock vesting described as compensation from the issuer.

What CNC share sales has Kenneth Burdick made in the past three months?

The filing reports that Burdick sold 80,000 shares of CENTENE CORP common stock on 06/10/2026 for proceeds of $5,164,227.15 and 100,000 shares on 08/05/2026 for proceeds of $6,815,181.65.

What option activity does the Form 144 indicate for CNC stock?

The remarks state an intention to write 200 covered call options with a $70 strike expiring 11/20/2026, 200 covered call options with a $75 strike expiring 12/18/2026, and 36 covered call options with an $80 strike expiring 12/18/2026.

Who signed the Form 144 related to CENTENE CORP (CNC)?

The notice is signed by /s/ Gary Redman as a duly authorized representative of Fidelity Brokerage Services LLC, acting as attorney-in-fact for Kenneth Burdick, on the date of notice 08/26/2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/26/2026 - 04:26 PM Accepted by SEC EDGAR 08/26/2026 - 04:26 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001498992
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	CENTENE CORP
SEC File Number	001-31826
Address of Issuer	7700 FORSYTH BLVD. ST LOUIS MISSOURI 63105
Phone	3147254477
Name of Person for Whose Account the Securities are To Be Sold	Burdick Kenneth A
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Former Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	43600	2834000.00	493995000	08/26/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/06/2024	Restricted Stock Vesting	Issuer			43600	02/06/2024	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Kenneth Burdick 7700 Forsyth Boulevard St. Louis MO 63105	Common	06/10/2026	80000	5164227.15
Kenneth Burdick 7700 Forsyth Boulevard St. Louis MO 63105	Common	08/05/2026	100000	6815181.65

144: Remarks and Signature

Remarks	This filing reflects the intention to write 200 covered call options with a strike price of $70 and an expiration date of 11/20/2026, 200 covered call options with a strike price of $75 and an expiration date of 12/18/2026, and 36 covered call options with a strike price of $80 and an expiration date of 12/18/2026.
Date of Notice	08/26/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Gary Redman, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Kenneth Burdick
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)