CNC Form 3/A: Kenneth Burdick reports 360,802 shares after correction
Rhea-AI Filing Summary
Centene director Kenneth A. Burdick filed an amended Initial Statement of Beneficial Ownership to correct previously reported holdings. The Form 3/A reports 360,802 shares of Centene (CNC) and states the original Form 3 filed on 01/14/2022 and subsequent Form 4s overstated his direct holdings by 29,533 shares. The event date listed is 01/05/2022 and the amendment was executed by an attorney-in-fact on 08/11/2025.
Positive
- Disclosure corrected: The reporting person filed an amendment to accurately state beneficial ownership.
- No derivatives reported: Table II shows no derivative securities, simplifying ownership analysis.
Negative
- Prior overstatement: The original Form 3 and subsequent Form 4 filings overstated direct holdings by 29,533 shares.
Insights
TL;DR
The amendment corrects an overstatement in insider holdings, restoring accuracy to public disclosure without indicating other issues.
The filing shows a concrete correction: Mr. Burdick's direct holdings are now reported as 360,802 shares and the prior filings overstated his position by 29,533 shares. This is a governance matter focused on disclosure accuracy. There is no new transaction, no derivatives reported, and no disclosure of motives or errors beyond the numeric correction.
TL;DR
The amendment is informational and likely neutral for investors; it clarifies historical insider ownership data.
From a market-data perspective, the corrected figure should be used for any insider ownership calculations or share-count analyses. The amendment does not report any option grants or derivative securities and does not indicate additional changes to compensation or control. Impact on valuation or control metrics is limited to the corrected share count.