=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-06-23
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: UNITEDHEALTH GROUP INC (UNH)
CIK: 0000731766
--- Reporting Owner ---
Name: HEMSLEY STEPHEN J
CIK: 0001180162
Role: Director, Officer (CEO, UHG)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-06-23 | Code: A (Grant or award)
Shares: +46 | Price: $0.00
Shares Owned After: 48,098.942 | Ownership: D (Direct)
Footnotes:
[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.
[F2] The direct ownership amount reported reflects exempt transfers between the reporting person's direct holdings and trusts. On April 29, 2026 and June 22, 2026, 144,170 and 97,450 shares, respectively, were transferred from trusts to the reporting person's direct holdings. On May 13, 2026, June 22, 2026 and June 23, 2026, 300,000, 250,000 and 6,196 shares, respectively, were transferred from the reporting person's direct holdings to trusts. These transfers were exempt from Section 16 reporting pursuant to applicable SEC rules.
--- Holdings ---
[Holding #1]
Security: Common Stock
Ownership: I (Indirect)
[Holding #2]
Security: Common Stock
Ownership: I (Indirect)
Footnotes:
[F3] The indirect ownership amount reported reflects exempt transfers between the reporting person's direct holdings and trusts. On April 29, 2026 and June 22, 2026, 144,170 and 97,450 shares, respectively, were transferred from trusts to the reporting person's direct holdings. On May 13, 2026, June 22, 2026 and June 23, 2026, 300,000, 250,000 and 6,196 shares, respectively, were transferred from the reporting person's direct holdings to trusts. These transfers were exempt from Section 16 reporting pursuant to applicable SEC rules.
--- Footnotes (Complete Index) ---
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.
F2: The direct ownership amount reported reflects exempt transfers between the reporting person's direct holdings and trusts. On April 29, 2026 and June 22, 2026, 144,170 and 97,450 shares, respectively, were transferred from trusts to the reporting person's direct holdings. On May 13, 2026, June 22, 2026 and June 23, 2026, 300,000, 250,000 and 6,196 shares, respectively, were transferred from the reporting person's direct holdings to trusts. These transfers were exempt from Section 16 reporting pursuant to applicable SEC rules.
F3: The indirect ownership amount reported reflects exempt transfers between the reporting person's direct holdings and trusts. On April 29, 2026 and June 22, 2026, 144,170 and 97,450 shares, respectively, were transferred from trusts to the reporting person's direct holdings. On May 13, 2026, June 22, 2026 and June 23, 2026, 300,000, 250,000 and 6,196 shares, respectively, were transferred from the reporting person's direct holdings to trusts. These transfers were exempt from Section 16 reporting pursuant to applicable SEC rules.
--- Signature ---
/s/ Faraz A. Choudhry, Attorney-in-Fact for Stephen J. Hemsley (2026-06-25)