Colin A. Toney - Feb 4, 2022 Form 4 Insider Report for CENTENE CORP (CNC)

Role: EVP, Mergers & Acquisitions
Signature: /s/ Christopher A. Koster (executed by attorney-in-fact)
Stock symbol: CNC
Transactions as of: Feb 4, 2022
Transactions value $: $1,673
Form type: 4
Date filed: 2/8/2022, 06:42 PM
Previous filing: Jan 25, 2022
Next filing: Feb 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CNC	Common Stock						55.1K	Feb 4, 2022	Direct	F1

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	CNC	Phantom Stock	Award	$1.67K	+20.5	+47.6%	$81.53	63.6	Feb 4, 2022	Common Stock	20.5	$0.00	Direct	F3, F4, F5
holding	CNC	Common Stock Option (right to buy)						9.82K	Feb 4, 2022	Common Stock	9.82K	$81.85	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Ownership includes 55,101 shares of restricted stock units subject to vesting requirements.
F2	Performance Stock Option granted on December 15, 2021, may become exercisable on or after the third anniversary of the grant date if the closing price of CNC's common stock equals or exceeds $100 per share for 20 consecutive trading days following the grant date.
F3	Each share of phantom stock represents the right to receive the fair market value of one share of Centene common stock.
F4	The phantom stock was acquired by Mr. Toney through regularly scheduled payroll contributions to the Company's deferred compensation plan.
F5	The phantom stock has no formal expiration date. The phantom stock will be settled in cash or other non-Company securities upon Mr. Toney's termination with the Company or on such other date Mr. Toney mayelect.