Zimpfer Matthew J. 4

What Happened

• Matthew J. Zimpfer, General Counsel of CNO Financial Group (CNO), exercised stock options and immediately sold the resulting shares. On 2026-02-17 he exercised 23,570 shares at $23.33 (cost $549,888) and sold 23,570 shares at a weighted average of $43.17 (proceeds $1,017,413). On 2026-02-18 he exercised 33,800 shares at $17.48 (cost $590,824) and sold 33,800 shares at a weighted average of $43.05 (proceeds $1,455,141). Total gross proceeds from the sales were about $2,472,554; total exercise cost was about $1,140,712.

Key Details

• Transaction dates & prices:
  • 2026-02-17: exercised 23,570 shares @ $23.33; sold those 23,570 @ weighted avg $43.17 (sales ranged $42.94–$43.79).
  • 2026-02-18: exercised 33,800 shares @ $17.48; sold those 33,800 @ weighted avg $43.05 (sales ranged $42.92–$43.28).
• Shares involved: 57,370 total (23,570 + 33,800).
• Shares owned after transaction: not specified in this Form 4.
• Footnotes: Sales were made pursuant to a Rule 10b5‑1 trading plan adopted June 9, 2025 (F1). Sale price ranges and the availability of per‑trade detail are noted (F2, F3). Vesting history for the exercised options is provided (F4, F5).
• Filing timing: Form 4 was filed 2026-02-18 covering transactions on 2026-02-17 and 2026-02-18 (appears timely).

Context

• These transactions are option exercises followed by immediate open‑market sales (a form of cashless exercise). The Form 4 also reports derivative dispositions at $0 for the same share counts — commonly reported when shares are surrendered to cover exercise costs or tax withholding. Sales done under a prearranged 10b5‑1 plan are generally considered routine and do not by themselves indicate the insider’s view of the company.