J. Michael Hansen - Dec 22, 2023 Form 4 Insider Report for CINTAS CORP (CTAS)

Role: VP & CFO
Signature: /s/ F. Mark Reuter as Attorney-in-Fact for J. Michael Hansen
Stock symbol: CTAS
Transactions as of: Dec 22, 2023
Transactions value $: -$10,415,462
Form type: 4
Date filed: 12/27/2023, 04:15 PM
Previous filing: Aug 14, 2023
Next filing: Jul 30, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CTAS	Common Stock	Options Exercise	$1.17M	+8.53K	+22.61%	$137.30	46.3K	Dec 22, 2023	Direct
transaction	CTAS	Common Stock	Tax liability	-$2.9M	-4.85K	-10.49%	$597.16	41.4K	Dec 22, 2023	Direct
transaction	CTAS	Common Stock	Options Exercise	$3.45M	+16.6K	+40.19%	$206.99	58.1K	Dec 22, 2023	Direct
transaction	CTAS	Common Stock	Tax liability	-$6.3M	-10.6K	-18.17%	$597.16	47.5K	Dec 22, 2023	Direct
transaction	CTAS	Common Stock	Sale	-$5.83M	-9.77K	-20.57%	$596.91	37.7K	Dec 22, 2023	Direct	F1
holding	CTAS	Common Stock						32.1K	Dec 22, 2023	See Footnote	F2
holding	CTAS	Common Stock						13.3K	Dec 22, 2023	See Footnote	F3
holding	CTAS	Common Stock						293	Dec 22, 2023	By 401(k) plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CTAS	Stock Option (Right to Buy)	Options Exercise	$0	-8.53K	-100%	$0.00^*	0	Dec 22, 2023	Common Stock	8.53K	$137.30	Direct	F4
transaction	CTAS	Stock Option (Right to Buy)	Options Exercise	$0	-16.6K	-100%	$0.00^*	0	Dec 22, 2023	Common Stock	16.6K	$206.99	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported price is a weighted average price. These shares were sold in multiple transactions ranging from $594.27 to $597.64. The Reporting Person undertakes to provide full pricing information to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission upon request.
F2	The securities are held by the Susan S. Hansen Legacy Trust.
F3	The securities are held by the Jon Michael Hansen II Legacy Trust.
F4	The option vests 33% on the third anniversary of the grant date, 33% on the fourth anniversary of the grant date, and 34% on the fifth anniversary of the grant date.
F5	The option vests as follows: one-third on the third anniversary of the grant date, one-third on the fourth anniversary of the grant date, and one-third on the fifth anniversary of the grant date.