Form 144: Cencora Insider to Sell 1,000 Shares via Goldman Sachs
Rhea-AI Filing Summary
Cencora, Inc. (symbol: COR) has filed a Form 144 with the U.S. Securities and Exchange Commission, indicating a proposed insider sale of common stock under Rule 144.
The notice covers the potential disposition of 1,000 common shares through broker Goldman Sachs & Co. LLC. The sale is tentatively scheduled for 18 June 2025 on the NYSE. At a stated aggregate market value of $293,200, the implied reference price is roughly $293.20 per share.
The filing shows the shares were originally granted to the seller as restricted stock awards on two dates—20 Aug 2013 (500 shares) and 09 Aug 2016 (500 shares)—as part of compensation from Cencora. No prior sales have been reported in the past three months, and the person filing affirms no knowledge of undisclosed material adverse information about the company.
Relative to the total outstanding share count of 193,823,487, the proposed sale represents approximately 0.0005 % of shares outstanding, suggesting minimal dilution or market impact. The filing is routine in nature, providing transparency around a small insider transaction rather than signaling any broader strategic change.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider Form 144; 1,000-share sale (~$293k) is immaterial versus 194 M shares outstanding—neutral for valuation.
The proposed transaction equals roughly half of one-thousandth of one percent of Cencora’s float and does not alter fundamental supply–demand dynamics. No concurrent negative disclosures are referenced, and the seller certifies absence of undisclosed adverse information. The filing therefore appears administrative, with no discernible impact on earnings outlook, liquidity, or capital structure.
TL;DR: Standard Rule 144 compliance; shows insider following proper disclosure channels—governance positive but financially neutral.
Form 144 signals management’s adherence to SEC transparency requirements. While investors often monitor insider activity for sentiment clues, this scale of sale is far below thresholds that would raise governance or control concerns. The absence of recent insider sales and the certification of no undisclosed MNPI (material non-public information) underpin good governance practices.