Cigna EVP Nicole Jones Exercises Options, Sells Shares

What Happened

• Nicole S. Jones, EVP, Chief Administrative Officer and Chief Human Resources Officer at Cigna Group (CI), exercised stock options and sold shares in transactions on Aug 4–5, 2026. She exercised options to acquire 14,045 shares on Aug 4 (at $192.02 per share, $2,696,921) and 1,301 shares on Aug 5 (at $192.02, $249,818), for a total of 15,346 shares acquired via exercise (total cash cost ≈ $2.95M). On Aug 4 she sold 19,436 shares in an open-market sale at $276.27 per share, receiving $5,369,584.

Key Details

• Transaction dates and prices:
  • 2026-08-04: Exercised 14,045 options @ $192.02 (acquired shares) and sold 19,436 shares @ $276.27 (open market).
  • 2026-08-05: Exercised 1,301 options @ $192.02 (acquired shares).
• Derivative reporting: The filing also shows the related option instruments disposed at $0 on the exercise dates — standard reporting when options are converted into common shares.
• Footnotes: Transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Jones on May 4, 2026 (F1). The exercised option was originally granted Feb 26, 2020 and vested over three anniversaries (F3).
• Shares owned after transaction: Not specified in the provided filing summary.
• Filing timeliness: Report filed Aug 6, 2026 for transactions on Aug 4–5, 2026 — appears timely (filed within the normal 2-business-day window).

Context

• These transactions combine option exercises (acquiring shares by paying the strike) and an open-market sale. The reporting shows the option instruments were converted (exercise) and some shares were sold; that pattern can reflect a cashless or partial cashless exercise/sale strategy but the filing simply documents the exercise and sale. Because the transactions were made under a pre-established 10b5-1 plan, they were likely scheduled in advance; filings like this are factual records rather than statements of the insider’s market view.