ORLANDO STEVEN J 4

What Happened Steven J. Orlando, a director of Molina Healthcare, received an equity award of 405 shares on April 1, 2026. The shares were granted under the company’s 2025 Equity Incentive Plan at the closing price of $135.82, for an aggregate value of $55,007. This was a routine director compensation grant (award), not a market purchase or sale.

Key Details

• Transaction type: Award/Grant (code A) of 405 shares.
• Date and price: April 1, 2026; closing price $135.82 (resulting value $55,007).
• Reason: Quarterly portion (one quarter) of the annual director equity award (annual target $220,000; $55,000 granted each quarter based on share price).
• Shares held post-transaction: Shares are held by the Orlando Family Trust (filing does not state total shares owned after this grant).
• Footnotes: F1–F4 explain the grant under the 2025 Equity Incentive Plan, the $220,000 annual director award split quarterly, the closing price used, and trust ownership.
• Timeliness: Filed April 2, 2026 for a transaction on April 1, 2026 (appears timely).

Context This is a standard equity compensation grant to a non-employee director as part of routine board pay. Such awards are common for directors and do not, by themselves, indicate a buy or sell sentiment in the market.