Company: ELV
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-199226
Chunk: 57

Company: Elevance Health, Inc.
Filing Date: 2025-09-09
Form: 424B3
Chunk 57
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 change that adversely affects in any material respect the terms 
 of conversion of such debt securities unless such change is permitted by the terms of such debt securities.      |

Changes Not Requiring Approval. The second type of change does not require any vote by holders of the debt securities. This type is limited to corrections and clarifications and certain other changes that would not adversely affect holders of the debt securities. The following is a non-exhaustivelist of those types of changes:

| • |     | evidence the succession of another person to the Company; |

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| • |     | add to the covenants of the Company for the benefit of the holders of the debt securities; |

| • |     | add any additional Events of Default for the benefit of the holders of the debt securities; |

| • |     | add one or more guarantees for the benefit of the holders of the debt securities; |

| • |     | secure the debt securities; |

| • |     | appoint a successor trustee, or revise any provisions of the indentures necessary to administer the trusts under 
 the indentures;                                                                                                  |

| • |     | provide for the issuance of additional debt securities of any series; |

| • |     | establish the form or terms of any additional debt securities issued; |

| • |     | to comply with the rules of any applicable depository; |

| • |     | alter any provisions of the indentures necessary to permit the issuance of debt securities in bearer form; |

| • |     | modify any provisions regarding one or more series of the debt securities that affect only debt securities to be 
 issued under the applicable indenture after the changes take effect;                                             |

| • |     | cure any ambiguity or mistakes in the indentures or the debt securities; |

| • |     | change any other provision under the indentures that does not adversely affect the interests of the holders of 
 the debt securities;                                                                                           |

| • |     | supplement the indentures in order to permit the defeasance and discharge of any series of debt securities in any 
 manner that does not adversely affect the interest of the holders of the debt securities;                         |

| • |     | to comply with the rules or regulations of any securities exchange or automated quotation system on which the 
 debt securities may be listed or traded; and                                                                  |

| • |     | to comply with SEC requirements. |

Changes Requiring a Majority Vote. Any other change to the applicable indenture and the debt securities would require the following approval