Form 144: Notice of sale of 1,531 Common shares

ELV filed a Form 144 reporting the proposed sale of 1,531 Common shares.

Rhea-AI Filing Summary

ELV filed a Form 144 reporting the proposed sale of 1,531 Common shares. The notice lists two stock option exercise entries of 654 and 877 shares, each dated 05/19/2026, and identifies Morgan Stanley Smith Barney LLC as the broker/dealer. The transactions are listed in connection with an Issuer stock option exercise on the NYSE.

Key Figures

Total shares reported: 1,531 shares Stock option exercise #1: 654 shares Stock option exercise #2: 877 shares +1 more

4 metrics

Total shares reported 1,531 shares aggregate of two stock option exercises dated 05/19/2026

Stock option exercise #1 654 shares listed with date 05/19/2026

Stock option exercise #2 877 shares listed with date 05/19/2026

Transaction date 05/19/2026 date shown for both exercises

Key Terms

Form 144, Stock Option Exercise, Issuer

3 terms

Form 144 regulatory

"Filer Information | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Stock Option Exercise financial

"Common | 05/19/2026 | Stock Option Exercise"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

Issuer regulatory

"Stock Option Exercise | Issuer"

FAQ

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

What does ELV's Form 144 report?

It reports the proposed sale of 1,531 Common shares via Rule 144 notice. The filing lists two stock option exercise entries of 654 and 877 shares, each dated 05/19/2026, with Morgan Stanley Smith Barney LLC noted as broker/dealer.

When are the reported transactions dated for ELV?

The filing shows the transactions dated 05/19/2026. Both stock option exercise entries (for 654 and 877 shares) carry that same date and are recorded as Issuer stock option exercises on the NYSE.

How many shares does each reported option exercise involve?

The filing lists two separate stock option exercise entries: 654 shares and 877 shares. Those two entries sum to 1,531 Common shares, presented in the notice as the quantity associated with the Form 144 filing.

Who is the broker/dealer named on ELV's Form 144?

The notice names Morgan Stanley Smith Barney LLC at 1 New York Plaza, New York, NY. That broker/dealer is identified in the filing's securities-to-be-sold section associated with the 05/19/2026 stock option exercises.

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

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Accepted by SEC EDGAR 05/19/2026 - 04:25 PM EDT Learn about SEC filing dates

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	0001659075
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	RONALD WILLIAM PENCZEK
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	1531	617192.18	217162380	05/19/2026	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	05/19/2026	Stock Option Exercise	Issuer			654	05/19/2026	Not Applicable
Common	05/19/2026	Stock Option Exercise	Issuer			877	05/19/2026	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	05/19/2026
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/ Ronald Penczek
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)