CNC Form 144 Notice: 10,775 Centene Shares Proposed for Sale
Rhea-AI Filing Summary
Form 144 filed for Centene Corporation (CNC) proposing the sale of 10,775 common shares through Merrill (10800 N Michigan Rd, Zionsville, IN) with an aggregate market value of $314,545.10. The filing lists 491,133,000 shares outstanding and an approximate sale date of 09/09/2025. The shares to be sold were acquired as stock bonuses on multiple dates between 03/31/2022 and 05/13/2025 from Wayne S. DeVeydt and total exactly 10,775 shares. The filer certifies they have no undisclosed material adverse information about the issuer.
Positive
- Full disclosure provided: The Form 144 lists share quantity, aggregate value, broker, acquisition dates, and acquisition nature (stock bonuses).
- Acquisition history detailed: Each grant date and amount from Wayne S. DeVeydt is enumerated, totaling 10,775 shares.
Negative
- Insider sale planned: The filer intends to sell 10,775 shares, indicating insider selling activity.
- No trading-plan date provided: The filing does not state a Rule 10b5-1 plan adoption date or other timing details for the sales.
Insights
TL;DR: Routine insider notice of intent to sell stock; quantifies shares, value, broker, and acquisition history.
This Form 144 documents an insider's proposed sale of 10,775 Centene common shares with a stated aggregate market value of $314,545.10 and an approximate sale date of 09/09/2025. The filing provides clear acquisition history showing all shares were received as stock bonuses from Wayne S. DeVeydt between 2022 and 2025, and names Merrill as the broker. For investors, the form confirms compliance with Rule 144 disclosure requirements but does not include any details on planned sale timing within the stated date or trading plan specifics.
TL;DR: Disclosure aligns with regulatory requirements; contains no new operational or governance disclosures.
The submission is a standard Rule 144 notice and includes the required representations that the seller is not aware of undisclosed material adverse information. It identifies the source of the shares as stock bonuses from Wayne S. DeVeydt and lists the broker. The filing does not indicate any governance changes, insider agreements, or trading-plan adoption dates, so its governance implications are limited to transparent reporting of an insider's intended disposition.