[Form 4] Cencora, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider transaction overview: Cencora, Inc. (NYSE: COR) filed a Form 4 showing that Executive Vice President Elizabeth S. Campbell acquired company stock on 06/30/2025.

• Shares acquired: 45.611 common shares.
• Purchase price: $254.873 per share.
• Total outlay: ≈ $11.6 thousand.
• Post-transaction ownership: 14,710.141 shares held directly.
• Transaction type: Purchase through the Employee Stock Purchase Plan, exempt under Rule 16b-3(c).

No derivative securities were involved and no additional material events or financial data were disclosed. The purchase represents a routine, small-scale increase (≈0.3 % of the executive’s existing holding) and is unlikely to have a material impact on Cencora’s valuation, but it does modestly reinforce insider alignment with shareholders.

Positive

• Executive VP’s direct ownership increased by 45.611 shares, aligning management and shareholder interests.

Negative

• The purchase size is financially immaterial to both the insider’s position and the company’s overall float, limiting its signaling power.

Insights

Securities Analyst

TL;DR Minor ESPP purchase by EVP; positive signal but financially immaterial.

The Form 4 reveals that EVP Elizabeth S. Campbell bought 45.611 shares at $254.873 each through Cencora’s ESPP. While insiders buying shares generally suggests confidence, the $11.6 k purchase is negligible relative to Cencora’s market cap and the executive’s 14.7 k-share stake. Because the shares were obtained via a standing purchase plan rather than an opportunistic open-market trade, the informational value is limited. I classify the filing as neutral: noteworthy for tracking insider activity but not sufficiently large to influence valuation or liquidity.

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
Estimated average burden
hours per response:			0.5

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^*

Campbell Elizabeth S

(Last) (First) (Middle)

1 WEST FIRST AVENUE

(Street)

CONSHOHOCKEN PA 19428

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Cencora, Inc. [ COR ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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	06/30/2025		A	V	45.611(1)	A	$254.873	14,710.141	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. Purchase of common stock through the Employee Stock Purchase Plan exempt under Rule 16b-3(c).

Remarks:

	/s/ Elizabeth S. Campbell	07/07/2025
	** 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

How many Cencora (COR) shares did EVP Elizabeth S. Campbell buy?

She acquired 45.611 common shares on 06/30/2025.

What price was paid for the Cencora shares?

The shares were purchased at $254.873 per share.

How many COR shares does the EVP own after this transaction?

Post-transaction, Campbell beneficially owns 14,710.141 shares directly.

Was the insider purchase an open-market transaction?

No. The shares were bought through the Employee Stock Purchase Plan and are exempt under Rule 16b-3(c).

Does this Form 4 indicate major insider buying at Cencora?

No. The transaction is modest in size and appears to be a routine ESPP purchase rather than a significant open-market buy.