Colin A. Toney - Sep 16, 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: Sep 16, 2022
Transactions value $: $2,510
Form type: 4
Date filed: 9/20/2022, 07:06 PM
Previous filing: Sep 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CNC	Common Stock						52.1K	Sep 16, 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	$2.51K	+29.2	+6.83%	$86.00	456	Sep 16, 2022	Common Stock	29.2	$0.00	Direct	F2, F3, F4
holding	CNC	Common Stock Option (right to buy)						9.82K	Sep 16, 2022	Common Stock	9.82K	$81.85	Direct	F5

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

Explanation of Responses:

Id	Content
F1	Ownership includes 48,435 shares of restricted stock subject to vesting requirements.
F2	Each share of phantom stock represents the right to receive the fair market value of one share of Centene common stock.
F3	The phantom stock was acquired by Mr. Toney through regularly scheduled payroll contributions to the Company's deferred compensation plan.
F4	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 may elect.
F5	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.