UnitedHealth CEO Hemsley acquires 50 dividend shares

The award was a dividend equivalent on vested deferred stock units and immediately vested under the units' terms.

Rhea-AI Filing Summary

UnitedHealth Group Inc. CEO, UHG and director Stephen J. Hemsley acquired 50 common shares on September 22, 2026, as dividend equivalents paid on vested deferred stock units. The equivalents were immediately vested and subject to the same terms as the underlying units. Direct holdings after the transaction were 177,690 shares, including 129,541 shares transferred from trusts on August 27, 2026. Reported indirect holdings were 359 shares by a 401(k) and 877,290 shares by trusts. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Grant/Award: 50 shares

Grant/Award 3 txns

Insider HEMSLEY STEPHEN J

Role CEO, UHG

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	50	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock F3	--	--	--

Holdings After Transaction: Common Stock — 177,689.942 shares (Direct); Common Stock — 358.8533 shares (Indirect, By 401(k)); Common Stock — 877,290 shares (Indirect, By Trusts)

Footnotes (3)

1. F1. 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.
2. F2. Includes 129,541 shares previously owned indirectly by trusts which were transferred to the reporting person's direct holdings on August 27, 2026. This transaction was exempt from reporting pursuant to Rule 16a-13.
3. F3. Excludes 129,541 shares previously owned indirectly by trusts which were transferred to the reporting person's direct holdings on August 27, 2026. This transaction was exempt from reporting pursuant to Rule 16a-13.

Key Figures

Common shares acquired: 50 shares Direct common shares following transaction: 177,690 shares Common shares held through 401(k): 359 shares +2 more

5 metrics

Common shares acquired 50 shares Dividend equivalents on September 22, 2026

Direct common shares following transaction 177,690 shares Following the September 22, 2026 transaction

Common shares held through 401(k) 359 shares Reported indirect holdings

Common shares held through trusts 877,290 shares Reported indirect holdings after the transfer to direct holdings

Shares transferred from trusts to direct holdings 129,541 shares Transferred on August 27, 2026

Key Terms

dividend equivalents, deferred stock units, Rule 16a-13

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

"paid on vested 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.

Rule 16a-13 regulatory

"exempt from reporting pursuant to Rule 16a-13"

FAQ

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

How many UNH shares did CEO Stephen J. Hemsley acquire?

Stephen J. Hemsley, UnitedHealth Group Inc.'s CEO, UHG, acquired 50 common shares on September 22, 2026, as dividend equivalents paid on vested deferred stock units. The equivalents were immediately vested and subject to the same terms as the underlying units.

What were Stephen J. Hemsley's UNH stock holdings after the transaction?

His direct holdings were 177,690 shares. Reported indirect holdings included 359 shares by a 401(k) and 877,290 shares by trusts. The direct balance included 129,541 shares transferred from trusts on August 27, 2026; that transfer was exempt from reporting under Rule 16a-13.

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

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Available on EDGAR 09/24/2026 - 04:13 PM Accepted by SEC EDGAR 09/24/2026 - 04:13 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^*

HEMSLEY STEPHEN J

(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
X	Officer (give title below)		Other (specify below)
	CEO, UHG

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2026

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	09/22/2026		A		50(1)	A	$0	177,689.942(2)	D
Common Stock								358.8533	I	By 401(k)
Common Stock								877,290(3)	I	By Trusts

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.

2. Includes 129,541 shares previously owned indirectly by trusts which were transferred to the reporting person's direct holdings on August 27, 2026. This transaction was exempt from reporting pursuant to Rule 16a-13.

3. Excludes 129,541 shares previously owned indirectly by trusts which were transferred to the reporting person's direct holdings on August 27, 2026. This transaction was exempt from reporting pursuant to Rule 16a-13.

Remarks:

	Faraz A. Choudhry, Attorney-in-Fact for Stephen J. Hemsley	09/24/2026
	** 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)