Scott Gottlieb (UNH) granted 3 dividend-equivalent shares as director award

Rhea-AI Filing Summary

UNITEDHEALTH GROUP INC director Scott Gottlieb reported a small share award. On the reported date, he acquired 3 shares of common stock at no cost as a grant of dividend equivalents on vested deferred stock units, bringing his direct holdings to 449 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gottlieb Scott

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3	$0.00	--

Holdings After Transaction: Common Stock — 449 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired: 3 shares Price per share: $0.0000 Total shares after transaction: 449 shares

3 metrics

Shares acquired 3 shares Grant of dividend equivalents on vested deferred stock units

Price per share $0.0000 Awarded shares, not an open-market purchase

Total shares after transaction 449 shares Director’s direct holdings following the grant

Key Terms

dividend equivalents, deferred stock units, Common Stock

3 terms

dividend equivalents financial

"Represents dividend equivalents paid on vested deferred stock units."

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

deferred stock units financial

"The dividend equivalents are immediately vested and are subject to the same terms as the underlying deferred stock units."

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/25/2026 - 05:38 PM Accepted by SEC EDGAR 06/25/2026 - 05:37 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gottlieb Scott

(Last) (First) (Middle)

C/O UNITEDHEALTH GROUP INCORPORATED

1 HEALTH DRIVE

(Street)

EDEN PRAIRIE MINNESOTA 55344

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
UNITEDHEALTH GROUP INC [ UNH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/23/2026		A		3(1)	A	$0	449	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents dividend equivalents paid on vested deferred stock units. The dividend equivalents are immediately vested and are subject to the same terms as the underlying deferred stock units.

Remarks:

	Faraz A. Choudhry, Attorney-in-Fact for Scott M. Gottlieb M.D.	06/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did UNH director Scott Gottlieb report?

Scott Gottlieb reported acquiring 3 shares of UNITEDHEALTH GROUP INC common stock. The shares came as dividend equivalents on vested deferred stock units and were granted at no cost, reflecting routine compensation rather than an open-market purchase.

Was Scott Gottlieb’s UNH share transaction a market buy or sell?

The transaction was not a market buy or sell. It was an acquisition coded "A," representing a grant or award of 3 shares as dividend equivalents on vested deferred stock units, with a price per share of $0.0000.

How many UNITEDHEALTH GROUP (UNH) shares does Scott Gottlieb hold after this filing?

After the reported grant, Scott Gottlieb directly holds 449 shares of UNITEDHEALTH GROUP INC common stock. This total includes the 3 shares received as dividend equivalents tied to his vested deferred stock units.

What are the 3 UNH shares reported as dividend equivalents for Scott Gottlieb?

The 3 shares represent dividend equivalents paid on vested deferred stock units. These dividend equivalents are immediately vested and are subject to the same terms as the underlying deferred stock units, effectively mirroring cash dividends in stock form.

Did Scott Gottlieb pay anything for the 3 UNH shares he acquired?

He did not pay cash for these shares. The reported transaction shows a price per share of $0.0000 because the 3 shares were granted as dividend equivalents associated with vested deferred stock units, rather than purchased in the open market.