[Form 4] UNITEDHEALTH GROUP INC Insider Trading Activity

Rhea-AI Filing Summary

UnitedHealth Group executive Patrick Hugh Conway, Chief Executive Officer of Optum, reported a tax-related share disposition. On June 5, 2026, 686.861 shares of common stock were withheld at $399.47 per share to cover tax obligations, leaving him with 16,914.309 directly held shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Conway Patrick Hugh

Role Chief Executive Officer, Optum

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	686.861	$399.47	$274K

Holdings After Transaction: Common Stock — 16,914.309 shares (Direct, null)

Footnotes (1)

Key Figures

Shares withheld for taxes: 686.861 shares Withholding price per share: $399.47 per share Shares held after transaction: 16,914.309 shares

3 metrics

Shares withheld for taxes 686.861 shares Tax-withholding disposition on June 5, 2026

Withholding price per share $399.47 per share Value used for tax-withholding disposition

Shares held after transaction 16,914.309 shares Direct holdings after June 5, 2026 transaction

Key Terms

tax-withholding disposition, Form 4, Common Stock

3 terms

tax-withholding disposition financial

"reported a tax-related share disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 regulatory

"The filing shows 686.861 UnitedHealth Group common shares"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Common Stock financial

"686.861 shares of common stock were withheld"

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 06/09/2026 - 04:37 PM Accepted by SEC EDGAR 06/09/2026 - 04:37 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^*

Conway Patrick Hugh

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer, Optum

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026

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	06/05/2026		F		686.861	D	$399.47	16,914.309	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:

Remarks:

	Faraz A. Choudhry, Attorney-in-Fact for Patrick H. Conway	06/09/2026
	** 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 UnitedHealth Group (UNH) report for Patrick Hugh Conway?

Patrick Hugh Conway, Optum’s CEO, reported a tax-withholding disposition of 686.861 UnitedHealth Group common shares. The shares were used to satisfy tax obligations tied to equity compensation, rather than an open-market sale decision by the executive.

Was the UnitedHealth Group (UNH) insider transaction an open-market sale?

No, the transaction was coded “F,” meaning shares were withheld to pay taxes. This indicates a tax-withholding disposition, not a discretionary open‑market sale, and is typically associated with routine equity compensation events for executives.

How many UnitedHealth Group (UNH) shares were involved in Patrick Hugh Conway’s tax withholding?

The filing shows 686.861 UnitedHealth Group common shares were withheld at a price of $399.47 per share. These shares covered tax obligations, rather than representing a traditional market sale or purchase by the Optum Chief Executive Officer.

How many UnitedHealth Group (UNH) shares does Patrick Hugh Conway hold after this transaction?

After the tax-withholding disposition, Patrick Hugh Conway directly holds 16,914.309 UnitedHealth Group common shares. This figure reflects his remaining position following the use of 686.861 shares to satisfy tax liabilities related to his equity compensation.

What does transaction code “F” mean in the UnitedHealth Group (UNH) Form 4?

Transaction code “F” indicates payment of exercise price or tax liability by delivering securities. In this UnitedHealth Group Form 4, it shows that shares were withheld to cover taxes, distinguishing it from a voluntary open‑market buy or sell order.