Kates Jamie G 4
Research Summary
AI-generated summary
Cigna (CI) CAO Jamie Kates Exercises Options, Sells 899 Shares
What Happened
- Jamie G. Kates, Chief Accounting Officer of Cigna Group (CI), exercised 899 stock options at $152.89 per share (cost ~$137,452) on 2026-06-12 and immediately sold the 899 shares in an open-market transaction at $298.61 per share for gross proceeds of ~$268,452.
- The filing shows an M (option exercise/conversion) for the acquisition, an S for the sale, and a derivative disposition entry reflecting the option conversion.
Key Details
- Transaction date: 2026-06-12.
- Exercise: 899 shares @ $152.89, acquisition value reported $137,452.
- Sale: 899 shares @ $298.61, gross proceeds reported $268,452.
- Derivative entry: 899-option disposal at $0 reflecting the exercised option.
- Footnote: The option was granted 2/28/2018 and vested in three equal annual installments beginning 2/28/2019 (per F1).
- Shares owned after transaction: Not reported in this Form 4.
- Filing date: 2026-06-16 (filed within the typical two-business-day window).
Context
- This is a common cashless exercise: options were exercised and the resulting shares were sold the same day. Such transactions often reflect routine liquidity or tax withholding rather than an explicit signal about company outlook.