FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Moriarty Thomas M
2. Issuer Name and Ticker or Trading Symbol

CVS HEALTH Corp [ CVS ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
EVP & General Counsel
(Last)          (First)          (Middle)

ONE CVS DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

5/10/2021
(Street)

WOONSOCKET, RI 02895
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 5/10/2021  M  109469 A$62.21 109469 D  
Common Stock 5/10/2021  S(1)  109469 D$86.00 0 D  
Common Stock         81179.0221 I By GRAT 
Common Stock (restricted)         8008 D  
Stock Unit         45747.7872 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option $62.21 5/10/2021  M     109469  4/1/2019 (2)4/1/2025 Common Stock 109469 $0 36490 D  
Stock Option $102.26           4/1/2016 (3)4/1/2022 Common Stock 51361  51361 D  
Stock Option $104.82           4/1/2017 (4)4/1/2023 Common Stock 71696  71696 D  
Stock Option $78.05           4/3/2018 (5)4/3/2024 Common Stock 125224  125224 D  
Stock Option $54.19           4/1/2020 (6)4/1/2029 Common Stock 101004  101004 D  
Stock Option $58.34 (7)          4/1/2021 (8)4/1/2030 Common Stock 147837  147837 D  
Stock Option $74.30           4/1/2022 (9)4/1/2031 Common Stock 155495  155495 D  

Explanation of Responses:
(1) All sales were effected pursuant to a Rule 10b5-1 plan.
(2) Option became exercisable in four equal annual installments, commencing 4/1/2019.
(3) Option became exercisable in four equal annual installments, commencing 4/1/2016.
(4) Option became exercisable in four equal annual installments, commencing 4/1/2017.
(5) Option became exercisable in four equal annual installments, commencing 4/3/2018.
(6) Option became exercisable in four equal annual installments, commencing 4/1/2020.
(7) The number of shares subject to the option were calculated using a 30-day average price.
(8) Option became exercisable in four equal annual installments, commencing 4/1/2021.
(9) Option becomes exercisable in four equal installments, commencing 4/1/2022.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Moriarty Thomas M
ONE CVS DRIVE
WOONSOCKET, RI 02895


EVP & General Counsel

Signatures
/s/ Thomas M. Moriarty5/12/2021
**Signature of Reporting PersonDate

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