Company: HUM
Filing Date: 2025-03-28
Form Type: 424B5
Source: 0001628280-25-015313
Chunk: 44

Company: HUMANA INC
Filing Date: 2025-03-28
Form: 424B5
Chunk 44
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 to be a market for the notes. We have not applied and do not intend to apply for listing of the notes on any securities exchange or for quotation of the notes on any automated dealer quotation system. We have been advised by the underwriters that they presently make a market and intend to continue to make a market for the notes after consummation of the offering contemplated hereby, although they are under no obligation to do so and may discontinue any market-making activities at any time without any notice. We cannot assure you that there will be a liquid trading market for the notes. If an active trading market for the notes ceases to exist, the market prices and liquidity of the notes may be adversely affected.

In connection with the offering the underwriters may purchase and sell additional 2031 notes in the open market. These transactions may include over-allotment, syndicate covering transactions and stabilizing transactions. Over-allotment involves syndicate sales of additional 2031 notes in excess of the principal amount of additional

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2031 notes to be purchased by the underwriters in the offering, which creates a syndicate short position. Syndicate covering transactions involve purchases of the additional 2031 notes in the open market after the distribution has been completed in order to cover syndicate short positions. Stabilizing transactions consist of certain bids or purchases of additional 2031 notes made for the purpose of preventing or retarding a decline in the market price of the additional 2031 notes while the offering is in progress.

The underwriters also may impose a penalty bid. Penalty bids permit the underwriters to reclaim a selling concession from a syndicate member when the underwriters, in covering syndicate short positions or making stabilizing purchases, repurchase notes originally sold by that syndicate member.

Any of these activities may have the effect of preventing or retarding a decline in the market prices of the additional 2031 notes. They may also cause the prices of the additional 2031 notes to be higher than the prices that otherwise would exist in the open market in the absence of these transactions. The underwriters may conduct these transactions in the over-the-counter market or otherwise. If the underwriters commence any of these transactions, they may discontinue them at any time.

It is expected that delivery of the additional 2031 notes will be made against payment therefor on or about the date specified on the cover page of this prospectus supplement, which will be the third business day following