FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *

Shah Prem S
2. Date of Event Requiring Statement (MM/DD/YYYY)
1/1/2022 

3. Issuer Name and Ticker or Trading Symbol

CVS HEALTH Corp [CVS]
(Last)        (First)        (Middle)

ONE CVS DRIVE
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                          _____ 10% Owner
___X___ Officer (give title below)        _____ Other (specify below)
EVP and Co-President of Retail /
(Street)

WOONSOCKET, RI 02895      

(City)              (State)              (Zip)
5. 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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 11980.24 D  
Common Stock (restricted) (1)575 D  
Common Stock (restricted) (2)2884 D  
Common Stock (restricted) (3)15427 D  
Common Stock (restricted) (4)1808 D  
Common Stock (restricted) (5)1925 D  
Common Stock (restricted) (6)6393 D  
Common Stock (restricted) (7)4372.62 D  
Common Stock (restricted) (8)2798 D  
Stock Unit (deferred) (9)5625.28 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (10)4/1/2017 4/1/2023 Common Stock 5870 $104.82 D  
Stock Option (11)4/1/2016 4/1/2022 Common Stock 5346 $102.26 D  
Stock Option (12)4/1/2019 4/1/2025 Common Stock 1691 $62.2011 D  
Stock Option (13)4/1/2020 4/1/2029 Common Stock 12626 $54.19 D  
Stock Option (14)4/1/2021 4/1/2030 Common Stock 34315 $58.34 D  
Stock Option (15)4/1/2022 4/1/2031 Common Stock 32826 $74.30 D  
Stock Option (16)8/31/2021 8/31/2028 Common Stock 26580 $75.24 D  

Explanation of Responses:
(1) Consists of remaining Restricted Stock Units (RSUs) awarded pursuant to Issuer's Performance-Based Restricted Stock Plan, a sub-plan under its 2017 Incentive Compensation Plan (ICP). Restrictions lapse on 02/28/2022.
(2) Consists of RSUs awarded pursuant to Issuer's 2017 ICP. Restrictions on remaining RSUs lapse in two equal installments commencing on 04/01/2022.
(3) Consists of RSUs awarded pursuant to Issuer's 2017 ICP. Restrictions on remaining RSUs lapse in three equal installments commencing on 04/01/2022.
(4) Consists of RSUs awarded pursuant to Issuer's 2017 ICP. Restrictions lapse on 04/01/2022.
(5) Consists of remaining RSUs awarded pursuant to Issuer's Performance-Based Restricted Stock Plan, a sub-plan under its 2017 ICP. Restrictions lapse in two equal installments commencing on 02/28/2022.
(6) Consists of RSUs awarded pursuant to Issuer's 2017 ICP. Restrictions on remaining RSUs lapse in four equal installments commencing on 04/01/2022.
(7) Consists of Matching RSUs awarded pursuant to Issuer's Partnership Equity Program, a sub-plan under its ICP, and dividend equivalents on the Matching RSUs. Restrictions lapse on the RSUs on 08/31/2023.
(8) Consists of RSUs awarded pursuant to Issuer's Performance-Based Restricted Stock Plan under its 2017 ICP. Restrictions lapse in three equal installments commencing on 02/26/2022.
(9) Consists of Stock Units awarded pursuant to Issuer's 2010 & 2017 Incentive Compensation Plans, the receipt of which the reporting person has elected to defer.
(10) Option becomes exercisable in four equal installments commencing 04/01/2017.
(11) Option becomes exercisable in four equal installments commencing 04/01/2016.
(12) Option becomes exercisable in four equal installments commencing 04/01/2019. Additional options from this award have been exercised.
(13) Option becomes exercisable in four equal installments commencing 04/01/2020. Additional options from this award have been exercised.
(14) Option becomes exercisable in four equal installments commencing 04/01/2021. Additional options from this award have been exercised.
(15) Option becomes exercisable in three equal installments commencing 04/01/2022.
(16) Option vests in three equal installments, on 8/31/2021, 8/31/2022 and 8/31/2023.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Shah Prem S
ONE CVS DRIVE
WOONSOCKET, RI 02895


EVP and Co-President of Retail

Signatures
/s/ Prem S. Shah1/10/2022
**Signature of Reporting PersonDate

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