[Form 4] CNO Financial Group, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Gary C. Bhojwani, Chief Executive Officer and Director of CNO Financial Group, Inc. (CNO), reported multiple gifts of company common stock executed on 08/12/2025. The filing shows disposals by gift: 3,092 shares from personal holdings (reported at $0 per share), 5,904 shares from the Gary C. Bhojwani Revocable Trust (reported at $0), and a further 195,926 shares disposed (listed as a disposal). After the reported transactions, the filing records 698,331 shares beneficially owned following the first disposal, held indirectly. The form is signed by an attorney-in-fact on 08/14/2025. All transactions are labeled as gifts in the explanation.

Positive

• Timely disclosure of insider transactions in compliance with Section 16 reporting
• Transfers executed as gifts so no proceeds or company cash impact

Negative

• Large disposal reported (195,926 shares) which materially reduces the insider's reported holdings in absolute terms
• Some ownership lines (e.g., the 195,926-share disposal) lack full contextual columns in the provided extract, limiting clarity

Insights

Corporate Governance Expert

TL;DR The CEO disclosed substantial share gifts and retained a large indirect stake; this is a governance-level ownership change, not an open-market sale.

The filing documents multiple disposals by gift executed on 08/12/2025, including a 195,926-share disposal and smaller gifts of 3,092 and 5,904 shares. The report shows 698,331 shares beneficially owned after the first transaction, held indirectly. Gifts do not generate proceeds and typically reflect estate planning or personal transfers rather than signaling market-driven liquidity events. The disclosure is timely and complies with Section 16 reporting; investors can view this as a change in beneficial ownership structure rather than an operational or financial development.

Securities Analyst

TL;DR Insider disposed shares by gift rather than sale; the transactions change beneficial ownership counts but do not affect company cash flow.

The Form 4 indicates zero-price transfers (gifts) on 08/12/2025. Because these were gifts, there are no proceeds to the reporting person and no direct market impact from a sale order. However, the magnitude of the listed disposal (195,926 shares) is material in absolute terms and reduces the reporting person's direct or indirect stake depending on subsequent ownership structure. The filing is straightforward and provides necessary transparency about insider holdings.

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Bhojwani Gary C.

(Last) (First) (Middle)

C/O CNO FINANCIAL GROUP, INC.

11299 ILLINOIS STREET, SUITE 200

(Street)

CARMEL IN 46032

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CNO Financial Group, Inc. [ CNO ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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	08/12/2025		G		3,092	D	$0(1)	698,331	I	Gary C. Bhojwani Revocable Trust
Common Stock	08/12/2025		G		5,904	D	$0(1)	0	I	Gary C. Bhojwani Irrevocable Trust
Common Stock								195,926	D

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

Explanation of Responses:

1. Gifts.

Remarks:

	Heidi M. Krings, Attorney-in-Fact	08/14/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did CNO insider Gary C. Bhojwani report on Form 4 (CNO)?

The Form 4 reports gifts of common stock on 08/12/2025: 3,092 shares (personal), 5,904 shares (revocable trust), and a 195,926-share disposal; transactions are recorded as gifts at $0.

Does the Form 4 show proceeds from the reported transactions?

No. Each reported transaction is labeled a gift with a price of $0, so there were no cash proceeds to the reporting person.

How many shares did the reporting person beneficially own after the transactions?

The filing shows 698,331 shares beneficially owned following the first reported disposal; other lines indicate additional disposals but the provided extract lists that as the post-transaction ownership figure.

What is the reporter's role at CNO?

The reporting person, Gary C. Bhojwani, is listed as both a Director and the company's Chief Executive Officer.

Who signed the Form 4 and when?

The form was signed by Heidi M. Krings, Attorney-in-Fact on 08/14/2025.