Elevance Health officer proposes $572K share sale

Morgan Stanley Smith Barney LLC is listed as broker; the approximate sale date is November 5, 2026.

Available on EDGAR 11/05/2026 - 04:13 PM EST Accepted by SEC EDGAR 11/05/2026 - 04:13 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Elevance Health, Inc. officer Ratnakar Lavu reported a proposed sale of 1,300 common shares, with an aggregate market value of $572,000.00. Morgan Stanley Smith Barney LLC is listed as the broker, and November 5, 2026 is listed as the approximate sale date.

Key Figures

Proposed sale: 1,300 common shares Aggregate market value: $572,000.00 Same-class shares outstanding: 216,055,891 shares

3 metrics

Proposed sale 1,300 common shares Approximate sale date: November 5, 2026

Aggregate market value $572,000.00 Proposed sale

Same-class shares outstanding 216,055,891 shares Shares of the same class outstanding

Key Terms

Rule 144, Restricted Stock

2 terms

Rule 144 regulatory

"paragraph (a) of Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Restricted Stock financial

"Restricted Stock"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many ELV shares does Ratnakar Lavu plan to sell?

Ratnakar Lavu, an Elevance Health officer, reported a proposed sale of 1,300 ELV common shares, with an aggregate market value of $572,000.00. The approximate sale date listed is November 5, 2026.

Which broker is listed for Ratnakar Lavu’s ELV sale?

Morgan Stanley Smith Barney LLC is listed as the broker for the proposed sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001737620
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	ELEVANCE HEALTH, INC.
SEC File Number	001-16751
Address of Issuer	220 Virginia Avenue Indianapolis INDIANA 46204
Phone	(833) 401-1577
Name of Person for Whose Account the Securities are To Be Sold	RATNAKAR LAVU
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	1300	572000.00	216055891	11/05/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/01/2026	Restricted Stock	Issuer			527	03/01/2026	Not Applicable
Common	03/01/2025	Restricted Stock	Issuer			773	03/01/2025	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	11/05/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Lavu Ratnakar
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)