[144] Cencora, Inc. SEC Filing

Rhea-AI Filing Summary

Cencora, Inc. (COR) Form 144 shows proposed and recent insider sales of common stock by Steven Collis. The filing notifies a brokered proposed sale of 14,579 shares with an aggregate market value of $4,227,618.42 scheduled for 08/19/2025 on the NYSE through Fidelity Brokerage Services. The filing also discloses the acquisition history for the shares to be sold: 2,000 shares from restricted stock vesting on 09/30/2023 (compensation) and 12,579 shares from an option exercise dated 08/19/2025 (cash).

Separately, three insider sales by Steven Collis during the past three months are reported: 14,578 shares on 05/20/2025 for $4,283,599.52, 14,579 shares on 06/24/2025 for $4,266,106.98, and 14,578 shares on 07/22/2025 for $4,265,100.54. The filing includes the seller's representation about lack of undisclosed material information and a signature notice regarding legal penalties for misstatement.

Positive

• Form 144 filed and detailed: The notice identifies broker, share counts, acquisition dates, and aggregate values, meeting Rule 144 disclosure requirements.
• Acquisition sources disclosed: The filing specifies that shares arose from restricted stock vesting and an option exercise, clarifying the nature of holdings being sold.

Negative

• Repeated insider dispositions: Three recent sales totaling 43,735 shares generated approximately $12,814,807.04 in gross proceeds, with an additional proposed sale of 14,579 shares (~$4,227,618.42).
• No 10b5-1 plan date disclosed: The filing lists dates for plan adoption/instruction fields but provides no plan adoption date, so it does not evidence a pre-arranged trading plan in the notice.

Insights

Financial Analyst

TL;DR: Multiple, regular insider sales totaling about $12.8M recently, plus a proposed sale of ~14.6k shares (~$4.23M).

The disclosed transactions indicate a sequence of sizeable dispositions by the same insider over several months: three executed sales in May, June and July 2025 each around 14.5k shares generating roughly $4.26M each, totaling approximately $12,814,807.04. The scheduled sale on 08/19/2025 would add another 14,579 shares and about $4.23M in market value. From a financial perspective, these are material amounts in absolute dollar terms and represent recurring liquidity events from one individual. The Form 144 provides clear mechanics (broker, share counts, acquisition dates) but contains no explanation of intent beyond standard representations.

Corporate Governance Expert

TL;DR: Repeated insider sales are documented and properly disclosed, raising governance questions but not proving impropriety.

The filing meets Rule 144 disclosure mechanics by identifying the broker, share counts, acquisition sources (restricted stock vesting and option exercise), and recent sales. Recurrent sales by the same named individual may prompt investor scrutiny about insider alignment with shareholders, yet the form itself contains no allegation of nondisclosure or breach. The signer makes the required representation about absence of undisclosed material information. Without additional context (e.g., pre-arranged trading plan language or company policy), the disclosure is compliant but notable for frequency and scale.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	14579	4227618.42	193877881	08/19/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/30/2023	Restricted Stock Vesting	Issuer			2000	09/30/2023	Compensation
Common	08/19/2025	Option Granted - 11/13/2019	Issuer			12579	08/19/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Steven Collis 1 West First Avenue Conshohocken PA 19428-1800	Common	05/20/2025	14578	4283599.52
Steven Collis 1 West First Avenue Conshohocken PA 19428-1800	Common	06/24/2025	14579	4266106.98
Steven Collis 1 West First Avenue Conshohocken PA 19428-1800	Common	07/22/2025	14578	4265100.54

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What insider sales does the COR Form 144 disclose?

The filing reports three insider sales by Steven Collis: 14,578 shares on 05/20/2025 for $4,283,599.52, 14,579 shares on 06/24/2025 for $4,266,106.98, and 14,578 shares on 07/22/2025 for $4,265,100.54.

What proposed sale is being reported for COR?

A proposed sale of 14,579 common shares with an aggregate market value of $4,227,618.42 is scheduled for 08/19/2025 on the NYSE via Fidelity Brokerage Services.

How were the shares being sold acquired according to the filing?

The filing states 2,000 shares were acquired via restricted stock vesting on 09/30/2023 (compensation) and 12,579 shares via an option exercise noted as granted 11/13/2019 with an exercise date of 08/19/2025 (cash).

Does the Form 144 indicate a 10b5-1 trading plan date?

No specific plan adoption or instruction date is provided in the filing; the related fields are present but not populated with a plan date.

Which broker is handling the proposed sale?

The broker listed for the proposed sale is Fidelity Brokerage Services LLC at the Smithfield, RI address shown in the notice.