Ronald W. Penczek - Mar 1, 2023 Form 4 Insider Report for Elevance Health, Inc. (ELV)

Role: CAO & Controller
Signature: /s/ Kathleen S. Kiefer, Attorney in fact
Stock symbol: ELV
Transactions as of: Mar 1, 2023
Transactions value $: -$208,154
Form type: 4
Date filed: 3/3/2023, 03:28 PM
Previous filing: Mar 3, 2022
Next filing: Oct 26, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ELV	Common Stock	Tax liability	-$30K	-64	-3.34%	$469.03	1.85K	Mar 1, 2023	Direct	F1
transaction	ELV	Common Stock	Award	$0	+214	+11.55%	$0.00	2.07K	Mar 1, 2023	Direct	F2
transaction	ELV	Common Stock	Award	$0	+1.2K	+57.81%	$0.00	3.26K	Mar 1, 2023	Direct	F3
transaction	ELV	Common Stock	Tax liability	-$178K	-380	-11.65%	$468.78	2.88K	Mar 2, 2023	Direct	F1, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ELV	Employee Stock Option (Right to Buy)	Award	$0	+819		$0.00	819	Mar 1, 2023	Common Stock	819	$469.03	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	PAYMENT OF TAX LIABILITY BY WITHHOLDING STOCK INCIDENT TO THE VESTING OF PREVIOUSLY GRANTED RESTRICTED STOCK.
F2	Represents restricted share units. Restrictions lapse as follows: 71 shares each on 3/1/2024 and 3/1/2025 and 72 shares on 3/1/2026.
F3	Represents performance based restricted share units. Restrictions lapse on 3/2/2023.
F4	Balance includes 3.60 shares acquired on March 25, 2022, 3.67 shares acquired on June 24, 2022, 3.80 shares acquired on September 23, 2022 and 3.46 shares acquired on December 21, 2022 through a dividend reinvestment plan.
F5	The option represents a right to purchase a total of 819 shares, and is exercisable in three installments of 273 shares each, beginning on 3/1/2024 which is the one-year anniversary of the option grant date.