Nicole S. Jones - Aug 12, 2024 Form 4 Insider Report for Cigna Group (CI)

Role
EVP, Chief Administrative Officer and General Counsel
Signature
Matthew Arnold, attorney-in-fact
Stock symbol
CI
Transactions as of
Aug 12, 2024
Transactions value $
-$4,656,430
Form type
4
Date filed
8/14/2024, 04:30 PM
Previous filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CI Common Stock, $.01 Par Value Options Exercise $2.24M +15K +47.58% $149.14 46.6K Aug 12, 2024 Direct F1
transaction CI Common Stock, $.01 Par Value Sale -$7.29M -22K -47.26% $330.96 24.6K Aug 12, 2024 Direct F1
transaction CI Common Stock, $.01 Par Value Options Exercise $393K +2.64K +10.72% $149.14 27.2K Aug 13, 2024 Direct F1
holding CI Common Stock, $.01 Par Value 1.39K Aug 12, 2024 By 401(k) F2

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 -15K -85.08% $0.00 2.64K Aug 12, 2024 Common Stock, $.01 Par Value 15K $149.14 Direct F1, F3
transaction CI Employee Stock Option (Right to Buy) Options Exercise $0 -2.64K -100% $0.00* 0 Aug 13, 2024 Common Stock, $.01 Par Value 2.64K $149.14 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 10, 2024.
F2 Represents shares acquired through ongoing participation in The Cigna Group's 401(k) Plan.
F3 This option was granted on February 28, 2017. The option vested in three equal annual installments on the first, second and third anniversaries of the grant date.

Remarks:

EVP, Chief Administrative Officer and General Counsel