Insider trade

Director sold ~$1.3M of CNC shares in the open market

Traded Dec 3, 2025 · Filed Dec 5, 2025

~$1.3M
Reported value · 33K sh @ $39.04: 305K
Holds after · shares reported: +57.1%
stock since the trade · S&P 500 +11.7%, $38.81 → $60.99 on Oct 1

Why it stands out

A board member of Centene Corporation sold $1.3M of Centene Corporation shares. It happened by itself, for taxes or pay.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Dec 3, 2025
Reporting period: Not applicable
Filed with the SEC: Dec 5, 2025

Director$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$1,296,557

Shares × reported transaction price

Timing vs results

35 days after results of Oct 29, 2025, 65 days before results of Feb 6, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $38.81 on Dec 3, 2025, 54% above its 52-week low and 41% below its high, after an 8% rise over the previous 30 trading days

52-week range $25.21 (Aug 6, 2025) to $65.89 (Jan 27, 2025), 33% of the way up, from 250 adjusted closes. 30 trading days earlier: $36.10 on Oct 21, 2025. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references vesting of compensation awards

Only flagged when a footnote says so; never inferred

Securities lawsuit open at the trade date

A securities lawsuit naming the company as a defendant was filed on Jul 9, 2025 in the U.S. District Court, S.D. New York. A filing is an allegation, not a finding.

Lunstrum v. Centene Corporation, docket 1:25-cv-05659, via CourtListener (court records). Nature of suit 850, company named as first defendant

After it was reported

After	Stock	S&P 500	Difference
7 days	+6.8%	-0.4%	+7.2%
30 days	+20.8%	+0.9%	+20.0%
90 days	+14.4%	-0.8%	+15.1%
180 days	+71.7%	+8.1%	+63.5%

Past results only. Not a forecast.

Source receipt

Record ID: 0001071739-25-000190
Filed / recorded: Dec 5, 2025, 10:06 PM UTC
Added to OQRO: Oct 2, 2026, 12:27 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: CENTENE CORP
Issuer CIK: 1071739
Ticker: CNC
Reporting person: Kenneth A Burdick
Relationship: Director
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Dec 3, 2025
Transaction code: S
Shares / units: 33,211
Price per share: $39.04
Acquired / disposed: Disposed (D)
Shares owned after: 305,160.924
Ownership form: Direct
Amendment: No

Footnotes from the filing

The weighted average price for this transaction is reported within the form. Shares were sold at prices ranging from $39.00 to $39.11. Full information regarding the number of shares at each price is available upon request.
Ownership includes 3,579 shares of restricted stock units subject to vesting requirements.