Molina Healthcare (MOH) EVP acquires shares under 2019 ESPP

Rhea-AI Filing Summary

Molina Healthcare executive Debra Bacon, EVP of Medicaid, reported acquiring company stock through an employee plan. On December 31, 2025, she purchased 22 shares of common stock under the Molina Healthcare, Inc. 2019 Employee Stock Purchase Plan. The purchase price was $147.51 per share, equal to 85% of $173.54, which was the closing price on the last trading day of the ESPP offering period. After this transaction, she beneficially owns 12,906 shares directly. The filing also notes a vesting schedule for previously granted shares, with tranches vesting on March 1, 2026, July 1, 2026, March 1, 2027, and March 1, 2028.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bacon Debra

Role EVP, Medicaid

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	22	$147.51	$3K

Holdings After Transaction: Common Stock — 12,906 shares (Direct)

Footnotes (1)

1. The shares were acquired under the Molina Healthcare, Inc. 2019 Employee Stock Purchase Plan (the "ESPP"). In accordance with the ESPP provisions, the purchase price of $147.51 is 85% of $173.54 which was the closing price of the Issuer's common stock on December 31, 2025, the last trading day of the ESPP offering period. The purchase price is based on the lower market price as of the two following dates: (i) July 1, 2025, the first day of the ESPP offering period, and (ii) December 31, 2025, the last day of the ESPP offering period. The shares vest as follows: 2,021 shares on March 1, 2026; 529 shares on July 1, 2026; 1,775 shares on March 1, 2027; and 1,018 shares on March 1, 2028. The remaining shares are vested.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Bacon Debra

(Last) (First) (Middle)

2180 HARVARD STREET, SUITE 400

(Street)

SACRAMENTO CA 95815

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MOLINA HEALTHCARE, INC. [ MOH ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Medicaid

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

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	12/31/2025		A(1)		22	A	$147.51(2)	12,906(3)	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. The shares were acquired under the Molina Healthcare, Inc. 2019 Employee Stock Purchase Plan (the "ESPP").

2. In accordance with the ESPP provisions, the purchase price of $147.51 is 85% of $173.54 which was the closing price of the Issuer's common stock on December 31, 2025, the last trading day of the ESPP offering period. The purchase price is based on the lower market price as of the two following dates: (i) July 1, 2025, the first day of the ESPP offering period, and (ii) December 31, 2025, the last day of the ESPP offering period.

3. The shares vest as follows: 2,021 shares on March 1, 2026; 529 shares on July 1, 2026; 1,775 shares on March 1, 2027; and 1,018 shares on March 1, 2028. The remaining shares are vested.

Remarks:

	Jeff D. Barlow, by power of attorney for Debra Bacon	01/02/2026
	** 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 insider transaction did Molina Healthcare (MOH) report in this filing?

The filing reports that EVP, Medicaid Debra Bacon acquired 22 shares of Molina Healthcare common stock on December 31, 2025 under an employee stock purchase plan.

What price did the Molina Healthcare (MOH) executive pay for the shares?

The shares were purchased at $147.51 per share, calculated as 85% of $173.54, the closing price of Molina Healthcare common stock on December 31, 2025.

Under which plan were the Molina Healthcare (MOH) shares acquired?

The 22 shares were acquired under the Molina Healthcare, Inc. 2019 Employee Stock Purchase Plan (ESPP).

How does the Molina Healthcare (MOH) ESPP determine the purchase price?

According to the filing, the ESPP purchase price is based on the lower market price as of two dates: the first day of the offering period, July 1, 2025, and the last day, December 31, 2025. For this period, 85% of the lower of those prices produced the $147.51 purchase price.

How many Molina Healthcare (MOH) shares does the executive own after this transaction?

Following the reported ESPP purchase, the executive beneficially owns 12,906 shares of Molina Healthcare common stock, held directly.

What future vesting of Molina Healthcare (MOH) equity awards is disclosed?

The filing states that certain shares vest as follows: 2,021 shares on March 1, 2026; 529 shares on July 1, 2026; 1,775 shares on March 1, 2027; and 1,018 shares on March 1, 2028, with the remaining shares already vested.