COR Insider Alert: Silvana Battaglia Disposes 4k+ Shares

Rhea-AI Filing Summary

Cencora, Inc. (COR) – Form 4 insider transaction

Executive Vice President Silvana Battaglia reported the sale of 4,077 common shares on 18-Jun-2025 at an average price of $297.405 per share. Following the transaction, Battaglia’s direct holding stands at 11,296.889 shares. No derivative securities were involved, and no Rule 10b5-1 plan was indicated. The filing was signed on 20-Jun-2025.

Positive

• Executive retains 11,296.889 shares, preserving meaningful equity alignment with shareholders

Negative

• Sale of 4,077 shares at $297.405 may signal reduced short-term confidence

Insights

Financial Analyst

TL;DR – EVP sold ~4k shares; modest size, mildly negative signal.

The sale represents roughly 26% of Battaglia’s directly held shares prior to the trade (assuming post-sale balance of 11.3k). While insider sales can indicate diminished confidence or personal liquidity needs, the volume is small relative to Cencora’s daily trading volume and market capitalization, so market impact should be limited. No derivative exercise suggests it was not part of option management. Overall, it is a slightly bearish governance signal but not a material fundamental event.

Corporate Governance Specialist

TL;DR – Routine Section 16 filing; governance compliant, impact neutral.

The Form 4 was timely filed within two business days, reflecting good compliance. There is no indication of a 10b5-1 trading plan, so the discretionary sale could attract investor scrutiny, yet the executive retains a meaningful equity stake (>11k shares), maintaining alignment with shareholders. From a governance perspective, the event is procedurally normal and low-impact.

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^*

Battaglia Silvana

(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)
06/18/2025

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	06/18/2025		S		4,077	D	$297.405	11,296.889	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:

Remarks:

	/s/ Elizabeth S. Campbell, attorney-in-fact for Silvana Battaglia	06/20/2025
	** 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 Silvana Battaglia sell?

She sold 4,077 common shares on 18-Jun-2025.

At what price were the COR shares sold?

The shares were sold at an average price of $297.405 per share.

How many COR shares does the executive own after the sale?

Battaglia now owns 11,296.889 shares directly.

Did the Form 4 filing mention any derivative security transactions?

No, no derivative securities were acquired or disposed of in this filing.

Was the transaction conducted under a Rule 10b5-1 trading plan?

The form does not indicate that the sale was made under a 10b5-1 plan.