UnitedHealth Group (UNH) CFO discloses Form 4 dividend share grant

Rhea-AI Filing Summary

UnitedHealth Group reported an insider equity update for its Chief Financial Officer. On 12/16/2025, the CFO acquired 70.042 shares of UnitedHealth Group common stock at a price of $0. These shares represent dividend equivalents credited on outstanding restricted stock units, meaning additional shares were granted in lieu of cash dividends on those units.

Following this transaction, the CFO beneficially owns 10,661.941 shares of UnitedHealth Group common stock in direct ownership. The dividend-equivalent shares are subject to the same vesting and forfeiture conditions as the underlying restricted stock units.

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^*

DeVeydt Wayne S

(Last) (First) (Middle)

C/O UNITEDHEALTH GROUP INCORPORATED

1 HEALTH DRIVE

(Street)

EDEN PRAIRIE MN 55344

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/16/2025

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

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

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

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	12/16/2025		A		70.042(1)	A	$0	10,661.941	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 outstanding restricted stock units. The dividend equivalents are subject to the same terms as the underlying restricted stock units and are forfeited if such units do not vest.

Remarks:

	Faraz A. Choudhry, Attorney-in-Fact for Wayne S. DeVeydt	12/18/2025
	** 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.

FAQ

What insider transaction did UnitedHealth Group (UNH) report in this Form 4?

The filing reports that the Chief Financial Officer acquired 70.042 shares of UnitedHealth Group common stock on 12/16/2025 as dividend equivalents on restricted stock units, at a price of $0 per share.

Who is the reporting person in this UnitedHealth Group (UNH) Form 4?

The reporting person is an officer of UnitedHealth Group serving as Chief Financial Officer, with the form signed by Faraz A. Choudhry as Attorney-in-Fact for the reporting person.

How many UnitedHealth Group (UNH) shares does the CFO own after this transaction?

After the reported transaction, the Chief Financial Officer beneficially owns 10,661.941 shares of UnitedHealth Group common stock in direct ownership.

What are dividend equivalents on restricted stock units in this UnitedHealth Group (UNH) filing?

The filing explains that the 70.042 shares represent dividend equivalents paid on outstanding restricted stock units, which follow the same terms as the underlying units and are forfeited if those units do not vest.

Did the UnitedHealth Group (UNH) CFO pay cash for the reported shares?

No cash was paid for these shares; the Form 4 shows a transaction price of $0 per share because the shares were credited as dividend equivalents on restricted stock units.

Are the dividend equivalent shares for the UnitedHealth Group (UNH) CFO fully vested?

The filing states that the dividend equivalents are subject to the same terms as the underlying restricted stock units and are forfeited if such units do not vest, indicating they follow the RSU vesting conditions.