What the executives and directors of UnitedHealth Group 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 |
|---|---|---|---|---|
| REX JOHN F President & CFO | CFO | 216.2K | — | — |
| WITTY ANDREW CEO, UHG | CEO | 112.2K | — | — |
| McMahon Dirk C President & COO, UHG | COO | 74K | — | — |
| HEMSLEY STEPHEN J CEO, UHG | CEO | 48.1K | — | — |
| HOOPER MICHELE J | Director | 41.8K | — | — |
| THOMPSON BRIAN R CEO, UnitedHealthcare | CEO | 32.7K | — | — |
| ROOS THOMAS E Chief Accounting Officer | Officer | 28.8K | — | — |
| Cianfrocco Heather Chief Executive Officer, Optum | CEO | 22.4K | — | — |
| DeVeydt Wayne S Chief Financial Officer | CFO | 19.8K | — | — |
| Noel Timothy John Chief Executive Officer, UHC | CEO | 17.7K | — | — |
| Conway Patrick Hugh Chief Executive Officer, Optum | CEO | 17K | — | $284K |
| FLYNN TIMOTHY PATRICK | Director | 16.9K | — | — |
| Zaetta Christopher R EVP & Chief Legal Officer | Officer | 15.9K | — | — |
| McSweeney Erin EVP & Chief People Officer | Officer | 15.6K | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-04-23 | Conway Patrick Hugh (CEO) | Discretionary sale | 800 | $355.00 | $284K |
| 2025-09-11 | Baker Charles D. (Director) | Discretionary sale | 27 | $356.05 | $10K |
| 2025-06-10 | Conway Patrick Hugh (CEO) | Discretionary sale | 589 | $305.00 | $180K |
| 2025-05-16 | HEMSLEY STEPHEN J (CEO) | Open-market buy | 86.7K | $288.57 | $25M |
| 2025-05-16 | REX JOHN F (CFO) | Open-market buy | 17.2K | $291.12 | $5M |
| 2025-05-15 | Gil Kristen (Director) | Open-market buy | 3,700 | $271.17 | $1M |
| 2025-05-14 | FLYNN TIMOTHY PATRICK (Director) | Open-market buy | 1,533 | $320.80 | $492K |
| 2025-05-14 | Noseworthy John H (Director) | Open-market buy | 300 | $312.16 | $94K |
| 2025-01-17 | FLYNN TIMOTHY PATRICK (Director) | Open-market buy | 1,000 | $511.58 | $512K |
| 2024-11-11 | McSweeney Erin (Officer) | Discretionary sale | 701 | $626.23 | $439K |
| 2024-07-18 | McSweeney Erin (Officer) | Discretionary sale | 1,500 | $579.03 | $869K |
| 2024-07-17 | ROOS THOMAS E (Officer) | Discretionary sale | 2,851 | $569.88 | $1.6M |
| 2024-03-08 | McSweeney Erin (Officer) | Discretionary sale | 1,236 | $483.48 | $598K |
| 2024-02-23 | ROOS THOMAS E (Officer) | Discretionary sale | 858 | $525.79 | $451K |
| 2024-02-16 | THOMPSON BRIAN R (CEO) | Discretionary sale | 28.9K | $521.00 | $15.1M |
| 2023-12-05 | HEMSLEY STEPHEN J (Director) | Discretionary sale | 66.1K | $550.39 | $36.4M |
| 2023-10-17 | HEMSLEY STEPHEN J (Director) | Discretionary sale | 121.5K | $540.58 | $65.7M |
| 2023-10-16 | McSweeney Erin (Officer) | Discretionary sale | 4,498 | $544.28 | $2.4M |
| 2023-07-19 | WITTY ANDREW (CEO) | Discretionary sale | 4,000 | $506.19 | $2M |
| 2023-04-27 | WITTY ANDREW (CEO) | Discretionary sale | 6,160 | $487.49 | $3M |
| 2023-04-25 | McSweeney Erin (Officer) | Discretionary sale | 761 | $494.80 | $377K |
| 2023-04-24 | McSweeney Erin (Officer) | Discretionary sale | 1,684 | $488.46 | $823K |
| 2023-04-21 | McSweeney Erin (Officer) | Discretionary sale | 1,008 | $484.58 | $488K |
| 2022-12-07 | McSweeney Erin (Officer) | Discretionary sale | 450 | $542.30 | $244K |
| 2022-12-02 | McSweeney Erin (Officer) | Discretionary sale | 616 | $535.00 | $330K |
| 2022-08-26 | ROOS THOMAS E (Officer) | Discretionary sale | 465 | $542.37 | $252K |
| 2022-08-18 | McMahon Dirk C (CEO) | Discretionary sale | 14.7K | $543.32 | $8M |
| 2022-07-29 | REX JOHN F (CFO) | Discretionary sale | 13.2K | $541.53 | $7.1M |
| 2022-07-26 | HEMSLEY STEPHEN J (Director) | Discretionary sale | 99.3K | $534.27 | $53.1M |
| 2022-07-18 | WITTY ANDREW (CEO) | Discretionary sale | 11.4K | $527.90 | $6M |
| 2022-06-24 | McSweeney Erin (Officer) | Discretionary sale | 1 | $492.75 | $419 |
| 2022-06-23 | McSweeney Erin (Officer) | Discretionary sale | 1,273 | $499.00 | $635K |
| 2022-05-26 | MCNABB FREDERICK WILLIAM III (Director) | Open-market buy | 89 | $504.32 | $45K |
| 2022-05-19 | BURKE RICHARD T (Director) | Discretionary sale | 2,500 | $478.96 | $1.2M |
| 2022-05-17 | BURKE RICHARD T (Director) | Discretionary sale | 2,500 | $493.50 | $1.2M |
| 2022-05-16 | BURKE RICHARD T (Director) | Discretionary sale | 2,500 | $493.25 | $1.2M |
| 2022-03-24 | BURKE RICHARD T (Director) | Discretionary sale | 3,000 | $508.80 | $1.5M |
| 2022-03-23 | BURKE RICHARD T (Director) | Discretionary sale | 3,000 | $505.67 | $1.5M |
| 2022-03-22 | BURKE RICHARD T (Director) | Discretionary sale | 4,000 | $511.14 | $2M |
| 2022-02-25 | BURKE RICHARD T (Director) | Discretionary sale | 6,000 | $470.38 | $2.8M |
| 2022-02-23 | BURKE RICHARD T (Director) | Discretionary sale | 4,000 | $465.30 | $1.9M |
| 2022-02-22 | GARCIA PAUL R (Director) | Open-market buy | 2,146 | $464.97 | $998K |
| 2022-02-16 | BURKE RICHARD T (Director) | Discretionary sale | 5,000 | $476.72 | $2.4M |
| 2022-01-21 | BURKE RICHARD T (Director) | Discretionary sale | 4,000 | $468.50 | $1.9M |
| 2022-01-20 | BURKE RICHARD T (Director) | Discretionary sale | 5,000 | $469.41 | $2.3M |
| 2021-11-24 | BURKE RICHARD T (Director) | Discretionary sale | 2,500 | $450.00 | $1.1M |
| 2021-11-23 | BURKE RICHARD T (Director) | Discretionary sale | 2,500 | $444.70 | $1.1M |
| 2021-10-26 | HEMSLEY STEPHEN J (Director) | Discretionary sale | 50K | $455.57 | $22.8M |
| 2021-10-25 | HEMSLEY STEPHEN J (Director) | Discretionary sale | 13.5K | $449.76 | $6.1M |
| 2021-10-25 | HEMSLEY STEPHEN J (Director) | Discretionary sale | 29.5K | $448.97 | $13.2M |
| 2021-10-25 | HEMSLEY STEPHEN J (Director) | Discretionary sale | 32K | $448.04 | $14.3M |
| 2021-09-17 | BURKE RICHARD T (Director) | Discretionary sale | 2,500 | $419.00 | $1M |
| 2021-09-15 | BURKE RICHARD T (Director) | Discretionary sale | 10K | $418.06 | $4.2M |
| 2021-09-14 | BURKE RICHARD T (Director) | Discretionary sale | 2,500 | $416.75 | $1M |
| 2021-08-23 | HEMSLEY STEPHEN J (Director) | Discretionary sale | 70K | $426.30 | $29.8M |
| 2021-07-29 | REX JOHN F (CFO) | Discretionary sale | 7,062 | $412.27 | $2.9M |
| 2021-07-29 | REX JOHN F (CFO) | Discretionary sale | 8,376 | $411.84 | $3.4M |
| 2021-07-22 | BURKE RICHARD T (Director) | Discretionary sale | 7,000 | $415.70 | $2.9M |
| 2021-07-21 | WITTY ANDREW (CEO) | Discretionary sale | 6,000 | $414.15 | $2.5M |
| 2021-07-20 | BURKE RICHARD T (Director) | Discretionary sale | 8,000 | $414.31 | $3.3M |
“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.