David Cordani - 17 May 2022 Form 4 Insider Report for Cigna Corp (CI)

Role
Chairman & CEO, Director
Signature
By: Jill M. Stadelman, attorney-in-fact
Issuer symbol
CI
Transactions as of
17 May 2022
Net transactions value
-$5,816,168
Form type
4
Filing time
19 May 2022, 17:22:15 UTC
Previous filing
22 Apr 2022
Next filing
01 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CI Common Stock, $.01 Par Value Options Exercise $5,471,829 +45,261 +28% $120.90 205,760 17 May 2022 Direct F1
transaction CI Common Stock, $.01 Par Value Sale $1,566,088 -5,773 -2.8% $271.28 199,987 17 May 2022 Direct F1, F2
transaction CI Common Stock, $.01 Par Value Sale $10,673,231 -39,488 -20% $270.29 160,499 17 May 2022 Direct F1, F3
transaction CI Common Stock, $.01 Par Value Options Exercise $951,323 +7,869 +4.9% $120.90 168,368 18 May 2022 Direct F1
holding CI Common Stock, $.01 Par Value 1,678 17 May 2022 By 401(k) F4
holding CI Common Stock, $.01 Par Value 370,915 17 May 2022 By GRAT
holding CI Common Stock, $.01 Par Value 39,795 17 May 2022 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 CI Employee Stock Option (Right to Buy) Options Exercise $0 -45,261 -85% $0.000000 7,869 17 May 2022 Common Stock, $.01 Par Value 45,261 $120.90 Direct F1, F5
transaction CI Employee Stock Option (Right to Buy) Options Exercise $0 -7,869 -100% $0.000000* 0 18 May 2022 Common Stock, $.01 Par Value 7,869 $120.90 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2022.
F2 Represents the weighted average price of the shares sold. The prices actually received ranged from $271.00 to $271.55 per share. The reporting person will provide to the issuer, any security holder of the issuer, or the Securities and Exchange Commission, upon request, information regarding the number of shares sold at each price within the range.
F3 Represents the weighted average price of the shares sold. The prices actually received ranged from $270.00 to $270.98 per share. The reporting person will provide to the issuer, any security holder of the issuer, or the Securities and Exchange Commission, upon request, information regarding the number of shares sold at each price within the range.
F4 Represents shares acquired through ongoing participation in Cigna's 401(k) Plan.
F5 This option was granted on February 25, 2015. The option vested in three equal annual installments on the first, second and third anniversaries of the grant date.