James E. Murray - May 12, 2023 Form 4 Insider Report for CENTENE CORP (CNC)

Role: EVP, Chief Operating Officer
Signature: /s/ Christopher A. Koster (executed by attorney-in-fact)
Stock symbol: CNC
Transactions as of: May 12, 2023
Transactions value $: $1,731
Form type: 4
Date filed: 5/12/2023, 06:24 PM
Previous filing: Apr 28, 2023
Next filing: May 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CNC	Common Stock						203K	May 12, 2023	Direct	F1
holding	CNC	Common Stock						30	May 12, 2023	By trust

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	$1.73K	+25.7	+11.54%	$67.37	248	May 12, 2023	Phantom Stock	25.7	$0.00	Direct	F2, F3, F4
holding	CNC	Common Stock Option (right to buy)						30.7K	May 12, 2023	Common Stock	30.7K	$63.31	Direct

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

Explanation of Responses:

Id	Content
F1	Ownership includes 166,676 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. Murray 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. Murray's termination with the Company or on such other date Mr. Murray may elect.