What the executives and directors of CVS Health actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| ROBBINS LARRY | Director | 4.8M | — | $317.5M |
| BROWN C DAVID II | Director | 129.3K | — | — |
| Joyner J. David President, CEO and Chair | CEO | 70.3K | — | — |
| Shah Prem S EVP and Group President | Officer | 64.4K | — | — |
| COWHEY THOMAS F. EVP and CFO | CFO | 50.2K | — | — |
| Lynch Karen S President and CEO | CEO | 45.2K | — | — |
| Havanec Laurie P. EVP and Chief People Officer | Officer | 37.6K | — | — |
| MILLON JEAN PIERRE | Director | 36.8K | — | — |
| DEPARLE NANCY ANN | Director | 34.2K | — | — |
| Khichi Samrat S. EVP, CPO and General Counsel | Officer | 33.4K | — | — |
| Clark James David SVP, Cont & Chief Acct Officer | Officer | 27.6K | — | — |
| Finucane Anne A. | Director | 22.7K | — | $533K |
| LUDWIG EDWARD J | Director | 21.6K | — | — |
| FARAH ROGER N | Director | 19.4K | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-21 | ROBBINS LARRY (Director) | Discretionary sale | 370.5K | $93.45 | $34.6M |
| 2026-05-20 | ROBBINS LARRY (Director) | Discretionary sale | 800 | $96.28 | $77K |
| 2026-05-20 | ROBBINS LARRY (Director) | Discretionary sale | 66.9K | $95.67 | $6.4M |
| 2026-05-20 | ROBBINS LARRY (Director) | Discretionary sale | 152.7K | $94.81 | $14.5M |
| 2026-05-20 | ROBBINS LARRY (Director) | Discretionary sale | 797.6K | $93.48 | $74.6M |
| 2026-05-19 | ROBBINS LARRY (Director) | Discretionary sale | 151 | $95.18 | $14K |
| 2026-05-19 | ROBBINS LARRY (Director) | Discretionary sale | 2M | $94.45 | $187.3M |
| 2026-05-08 | Mandadi Tilak (Officer) | Discretionary sale | 69.6K | $89.58 | $6.2M |
| 2025-08-20 | Finucane Anne A. (Director) | Discretionary sale | 7,500 | $71.02 | $533K |
| 2025-06-05 | SANSONE GUY P (Director) | Open-market buy | 1,570 | $63.70 | $100K |
| 2025-05-06 | ROBBINS LARRY (Director) | Discretionary sale | 150K | $66.67 | $10M |
| 2025-05-05 | ROBBINS LARRY (Director) | Discretionary sale | 97K | $67.99 | $6.6M |
| 2025-05-05 | ROBBINS LARRY (Director) | Discretionary sale | 1.2M | $67.37 | $82.7M |
| 2025-05-02 | ROBBINS LARRY (Director) | Discretionary sale | 222.6K | $68.38 | $15.2M |
| 2025-05-02 | ROBBINS LARRY (Director) | Discretionary sale | 373.8K | $69.66 | $26M |
| 2025-05-02 | ROBBINS LARRY (Director) | Discretionary sale | 1.7M | $67.39 | $113.2M |
| 2025-03-05 | Clark James David (Officer) | Discretionary sale | 7,513 | $66.35 | $498K |
| 2025-02-18 | Mahoney Michael F (Director) | Open-market buy | 30K | $66.70 | $2M |
| 2025-01-23 | Nelson Steven H (Officer) | Open-market buy | 24 | $53.70 | $1K |
| 2024-10-23 | CAPOZZI HEIDI B (Officer) | Open-market buy | 35 | $56.85 | $2K |
| 2024-10-02 | CAPOZZI HEIDI B (Officer) | Open-market buy | 10 | $62.24 | $622 |
| 2024-09-09 | CAPOZZI HEIDI B (Officer) | Open-market buy | 35 | $56.47 | $2K |
| 2024-05-02 | LUDWIG EDWARD J (Director) | Open-market buy | 1,000 | $53.88 | $54K |
| 2024-05-02 | Mahoney Michael F (Director) | Open-market buy | 9,181 | $54.49 | $500K |
| 2024-02-16 | Shah Prem S (Officer) | Discretionary sale | 29.5K | $76.95 | $2.3M |
| 2023-11-03 | LUDWIG EDWARD J (Director) | Open-market buy | 2,000 | $70.47 | $141K |
| 2023-08-03 | Clark James David (Officer) | Discretionary sale | 2,631 | $74.79 | $197K |
| 2023-08-03 | Clark James David (Officer) | Discretionary sale | 23.1K | $74.94 | $1.7M |
| 2023-05-03 | Lynch Karen S (CEO) | Open-market buy | 14K | $69.75 | $977K |
| 2022-12-15 | Moriarty Thomas M (Officer) | Discretionary sale | 36.5K | $98.24 | $3.6M |
| 2022-12-15 | Moriarty Thomas M (Officer) | Discretionary sale | 101K | $98.40 | $9.9M |
| 2022-08-04 | Lotvin Alan (Officer) | Discretionary sale | 22.5K | $104.00 | $2.3M |
| 2022-08-03 | Lotvin Alan (Officer) | Discretionary sale | 50.5K | $98.00 | $4.9M |
| 2022-08-03 | Lotvin Alan (Officer) | Discretionary sale | 70.4K | $98.00 | $6.9M |
| 2022-08-03 | Finke Daniel P (Officer) | Discretionary sale | 9,546 | $100.00 | $955K |
| 2022-06-28 | Moriarty Thomas M (Officer) | Discretionary sale | 38.9K | $95.00 | $3.7M |
| 2022-06-28 | Moriarty Thomas M (Officer) | Discretionary sale | 49.3K | $95.00 | $4.7M |
| 2022-06-28 | Moriarty Thomas M (Officer) | Discretionary sale | 50.5K | $95.00 | $4.8M |
| 2022-04-08 | Shah Prem S (Officer) | Discretionary sale | 845 | $105.00 | $89K |
| 2022-04-08 | Shah Prem S (Officer) | Discretionary sale | 3,130 | $105.00 | $329K |
| 2022-04-08 | Shah Prem S (Officer) | Discretionary sale | 3,157 | $105.00 | $331K |
| 2022-04-08 | Shah Prem S (Officer) | Discretionary sale | 4,103 | $105.00 | $431K |
| 2022-04-08 | Shah Prem S (Officer) | Discretionary sale | 5,719 | $105.00 | $600K |
| 2022-04-05 | Finke Daniel P (Officer) | Discretionary sale | 5,941 | $100.00 | $594K |
| 2022-04-04 | Finke Daniel P (Officer) | Discretionary sale | 12K | $100.13 | $1.2M |
| 2022-04-04 | Finke Daniel P (Officer) | Discretionary sale | 16.2K | $100.13 | $1.6M |
| 2022-04-04 | Finke Daniel P (Officer) | Discretionary sale | 27.2K | $100.13 | $2.7M |
| 2022-03-30 | Shah Prem S (Officer) | Discretionary sale | 5,346 | $104.70 | $560K |
| 2022-03-17 | Shah Prem S (Officer) | Discretionary sale | 1,689 | $106.65 | $180K |
| 2022-03-17 | Shah Prem S (Officer) | Discretionary sale | 2,935 | $106.65 | $313K |
| 2022-03-15 | Moriarty Thomas M (Officer) | Discretionary sale | 51.4K | $105.00 | $5.4M |
| 2022-02-10 | LUDWIG EDWARD J (Director) | Open-market buy | 1,000 | $105.90 | $106K |
| 2022-02-03 | Brennan Troyen A (Officer) | Discretionary sale | 47.9K | $110.00 | $5.3M |
| 2022-02-01 | Lotvin Alan (Officer) | Discretionary sale | 21.4K | $106.50 | $2.3M |
| 2022-01-28 | Clark James David (Officer) | Discretionary sale | 6,059 | $109.00 | $660K |
| 2022-01-27 | Roberts Jonathan C (COO) | Discretionary sale | 68.5K | $107.50 | $7.4M |
| 2021-11-03 | Roberts Jonathan C (COO) | Discretionary sale | 108.9K | $95.00 | $10.3M |
| 2021-11-01 | Brennan Troyen A (Officer) | Discretionary sale | 28.2K | $90.00 | $2.5M |
| 2021-10-26 | Brennan Troyen A (Officer) | Discretionary sale | 1,955 | $88.00 | $172K |
| 2021-10-26 | Brennan Troyen A (Officer) | Discretionary sale | 80.8K | $88.00 | $7.1M |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.