Centene (NYSE: CNC) director updates stock and option positions

Rhea-AI Filing Summary

Centene Corporation director Robert K. Coughlin reported updated holdings of the company’s stock and options. On 12/31/2025, he acquired 729 shares of common stock at a stated price of $0, bringing his directly held common stock to 13,016.926 shares.

He also reports 30,054 shares held indirectly through a grantor retained annuity trust. His ownership includes 3,579 restricted stock units that are subject to vesting. In addition, he holds a stock option to buy 10,000 Centene common shares at an exercise price of $80.57, exercisable from 02/07/2025 until expiration on 02/07/2032.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

COUGHLIN CHRISTOPHER J

(Last) (First) (Middle)

7700 FORSYTH BOULEVARD

(Street)

ST. LOUIS MO 63105

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CENTENE CORP [ CNC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/31/2025		A		729	A	$0	13,016.926(1)	D
Common Stock								30,054	I	By Grantor Retained Annuity Trust(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock Option (right to buy)	$80.57							02/07/2025	02/07/2032	Common Stock	10,000		10,000	D

Explanation of Responses:

1. Ownership includes 3,579 shares of restricted stock units subject to vesting requirements.

2. On November 13, 2025, Mr. Coughlin contributed 30,054 shares of common stock from a grantor retained annuity trust for the benefit of himself and his adult children, of which Mr. Coughlin was the sole trustee, into an individual account held in his name. On November 19, 2025, Mr. Coughlin contributed 30,054 shares of common stock to a new grantor retained annuity trust for the benefit of himself and his adult children, of which Mr. Coughlin is the sole trustee.

Remarks:

	/s/ Christopher A. Koster (executed by attorney-in-fact)	01/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did Centene (CNC) report in this Form 4?

The filing shows director Robert K. Coughlin acquired 729 shares of Centene common stock on 12/31/2025, updating his reported ownership.

How many Centene (CNC) shares does the director own after the reported transaction?

Following the transaction, he directly owns 13,016.926 shares of Centene common stock and indirectly holds 30,054 shares through a grantor retained annuity trust.

What stock options for Centene (CNC) does the director hold?

He holds a stock option to purchase 10,000 Centene common shares at an exercise price of $80.57, exercisable from 02/07/2025 until 02/07/2032.

Does the Centene (CNC) director have restricted stock units?

Yes. His ownership includes 3,579 restricted stock units that are subject to vesting requirements.

What indirect ownership in Centene (CNC) is disclosed in this filing?

The director reports 30,054 Centene common shares held indirectly through a grantor retained annuity trust for the benefit of himself and his adult children.

Were there any transfers involving trusts in Centene (CNC) shares?

In November 2025, he contributed 30,054 Centene shares from an existing grantor retained annuity trust to an individual account in his name, and then contributed the same number of shares to a new grantor retained annuity trust.