SEC FORM 3

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Cianfrocco Heather

(Last)

(First)

(Middle)

C/O UNITEDHEALTH GROUP INCORPORATED

9900 BREN ROAD EAST

(Street)

MINNETONKA

55343

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2024

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

4. 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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	17,063.885	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Non-Qualified Stock Options (right to buy)	⁽¹⁾	02/08/2027	Common Stock	17,425	$160.31	D
Non-Qualified Stock Options (right to buy)	⁽²⁾	08/15/2027	Common Stock	3,967	$194.5	D
Non-Qualified Stock Options (right to buy)	⁽³⁾	02/13/2028	Common Stock	11,787	$226.64	D
Non-Qualified Stock Options (right to buy)	⁽⁴⁾	06/05/2028	Common Stock	8,410	$244.43	D
Non-Qualified Stock Options (right to buy)	⁽⁵⁾	02/26/2029	Common Stock	10,689	$262.98	D
Non-Qualified Stock Options (right to buy)	⁽⁶⁾	08/12/2029	Common Stock	13,008	$243.2	D
Non-Qualified Stock Options (right to buy)	⁽⁷⁾	02/13/2030	Common Stock	14,248	$302.2	D
Non-Qualified Stock Options (right to buy)	⁽⁸⁾	02/22/2031	Common Stock	10,712	$327.64	D
Non-Qualified Stock Options (right to buy)	⁽⁹⁾	06/07/2031	Common Stock	8,519	$400.25	D
Non-Qualified Stock Options (right to buy)	⁽¹⁰⁾	02/14/2032	Common Stock	9,974	$474.4	D
Non-Qualified Stock Options (right to buy)	⁽¹¹⁾	02/23/2033	Common Stock	11,162	$491.69	D
Non-Qualified Stock Options (right to buy)	⁽¹²⁾	02/21/2034	Common Stock	13,622	$521.97	D

Explanation of Responses:

1. The non-qualified stock options vested at a rate of 25% annually on February 8 from the years 2018 through 2021.

2. The non-qualified stock options vested at a rate of 25% annually on August 15 from the years 2018 through 2021.

3. The non-qualified stock options vested at a rate of 25% annually on February 13 from the years 2019 through 2022.

4. The non-qualified stock options vested at a rate of 25% annually on June 5 from the years 2019 through 2022.

5. The non-qualified stock options vested at a rate of 25% annually on February 26 from the years 2020 through 2023.

6. The non-qualified stock options vested at a rate of 25% annually on August 12 from the years 2020 through 2023.

7. The non-qualified stock options vested at a rate of 25% annually on February 13 from the years 2021 through 2024.

8. The non-qualified stock options vest pursuant to option awards granted to the reporting person on February 22, 2021, vesting at a rate of 25% annually on February 22 from the years 2022 through 2025.

9. The non-qualified stock options vest pursuant to option awards granted to the reporting person on June 7, 2021, vesting at a rate of 25% annually on June 7 from the years 2022 through 2025.

10. The non-qualified stock options vest pursuant to option awards granted to the reporting person on February 14, 2022, vesting at a rate of 25% annually on February 14 from the years 2023 through 2026.

11. The non-qualified stock options vest pursuant to option awards granted to the reporting person on February 23, 2023, vesting at a rate of 25% annually on February 23 from the years 2024 through 2027.

12. The non-qualified stock options vest at a rate of 25% annually on February 21 from the years 2025 through 2028.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	Faraz A. Choudhry, Attorney-in-Fact for Heather R. Cianfrocco	04/01/2024
	** 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 5 (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.