Bert A. Frost - 02 Feb 2022 Form 4 Insider Report for CF Industries Holdings, Inc. (CF)

Role: Sr.VP,Sales,Mkt Dev & Supp Chn
Signature: /s/ Douglas C. Barnard, by power of attorney
Issuer symbol: CF
Transactions as of: 02 Feb 2022
Net transactions value: -$1,043,601
Form type: 4
Filing time: 04 Feb 2022, 15:04:10 UTC
Previous filing: 05 Jan 2022
Next filing: 02 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CF	Common stock, par value $0.01 per share	Options Exercise	$973,149	+26,890	+41%	$36.19	92,927	02 Feb 2022	Direct	F1
transaction	CF	Common stock, par value $0.01 per share	Sale	$2,016,750	-26,890	-29%	$75.00	66,037	02 Feb 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	CF	Employee Stock Option (right to buy)	Options Exercise	$0	-26,890	-100%	$0.000000^*	0	02 Feb 2022	Common Stock, par value $0.01 per share	26,890	$36.19	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 9, 2021.
F2	The options vested in three equal installments on March 3, 2017, 2018 and 2019 and expire on March 3, 2026.