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United Therapeutics Corporation

Martine A Rothblatt (Chairperson & CEO) sells UTHR shares

4UTHRFiled Nov 6, 2026, 4:54 PM ET· Period Nov 5, 2026

AI-generated summary

Chairperson & CEO, Director Martine A Rothblatt exercised 9,500 options for 9,500 shares of common stock at an average price of $117.76, valued at $1,118,720, and sold 7,540 shares of common stock at an average price of $573.89, valued at $4,327,122.10, indirectly by trust. Following these transactions, the insider indirectly held 326,403 shares by trust. The transactions were executed under a Rule 10b5-1 trading plan adopted on November 7, 2025.

View original filing on SEC.gov (opens SEC EDGAR)

Key facts

Insider
Martine A Rothblatt · Chairperson & CEO, Director

Rule 10b5-1 plan · adopted Nov 7, 2025

DateTransactionSharesPriceValueHeld afterOwnership
Nov 5, 2026M · exercise or conversion of a derivativeFootnotes F1, F2+9,500$117.76$1,118,720.00333,943Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F3, F2−320$562.51$180,004.42333,623Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F4, F2−520$563.98$293,270.43333,103Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F5, F2−720$565.32$407,033.21332,383Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F6, F2−462$566.59$261,765.73331,921Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F7, F2−156$567.93$88,596.99331,765Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F8, F2−280$568.86$159,281.81331,485Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F9, F2−562$570.53$320,636.01330,923Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F10, F2−585$571.67$334,428.82330,338Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F11, F2−375$572.61$214,729.58329,963Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F12, F2−320$573.93$183,656.61329,643Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F13, F2−320$574.46$183,828.42329,323Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F14, F2−221$576.17$127,333.06329,102Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F15, F2−539$576.97$310,988.72328,563Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F16, F2−80$578.06$46,244.78328,483Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F17, F2−160$579.46$92,713.46328,323Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F18, F2−240$580.53$139,327.82328,083Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F19, F2−320$581.53$186,091.07327,763Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F20, F2−320$582.79$186,491.81327,443Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F21, F2−120$584.67$70,160.40327,323Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F22, F2−330$585.58$193,241.10326,993Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F23, F2−310$586.95$181,955.46326,683Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F2−40$588.02$23,520.80326,643Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F24, F2−80$589.69$47,175.20326,563Indirect (by Trust)
Nov 5, 2026S · open-market saleFootnotes F1, F25, F2−160$591.54$94,646.40326,403Indirect (by Trust)
Nov 5, 2026M · exercise or conversion of a derivativeStock OptionFootnotes F1, F29, F30−9,500$0.00$0.0081,410Indirect (by Trust)
Footnotes
  1. F1 This exercise of stock options and sale of the resulting shares of common stock was pursuant to a pre-arranged 10b5-1 trading plan adopted by the reporting person on November 7, 2025. This plan will continue until the earlier of: (a) the exercise of 1,734,410 stock options, all of which expire on March 15, 2027; or (b) December 31, 2026.
  2. F10 This transaction was executed in multiple trades at prices ranging from $571.17 to $572.13. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  3. F11 This transaction was executed in multiple trades at prices ranging from $572.17 to $573.12. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  4. F12 This transaction was executed in multiple trades at prices ranging from $573.28 to $574.24. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  5. F13 This transaction was executed in multiple trades at prices ranging from $574.30 to $575.24. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  6. F14 This transaction was executed in multiple trades at prices ranging from $575.51 to $576.44. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  7. F15 This transaction was executed in multiple trades at prices ranging from $576.51 to $577.33. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  8. F16 This transaction was executed in multiple trades at prices ranging from $577.67 to $578.65. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  9. F17 This transaction was executed in multiple trades at prices ranging from $578.85 to $579.81. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  10. F18 This transaction was executed in multiple trades at prices ranging from $580.16 to $580.98. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  11. F19 This transaction was executed in multiple trades at prices ranging from $581.16 to $582.07. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  12. F2 Shares held in family trusts as to which the Reporting Person shares investment power and the Reporting Person and/or immediate family members are beneficiaries.
  13. F20 This transaction was executed in multiple trades at prices ranging from $582.28 to $583.21. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  14. F21 This transaction was executed in multiple trades at prices ranging from $584.13 to $584.94. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  15. F22 This transaction was executed in multiple trades at prices ranging from $585.38 to $586.215. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  16. F23 This transaction was executed in multiple trades at prices ranging from $586.53 to $587.13. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  17. F24 This transaction was executed in multiple trades at prices ranging from $589.24 to $590.14. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  18. F25 This transaction was executed in multiple trades at prices ranging from $591.30 to $591.84. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  19. F26 Shares held in family trusts as to which the Reporting Person's spouse is sole trustee and sole beneficiary or co-trustee and settlor with power to revoke.
  20. F27 Shares held in family trusts as to which the Reporting Person's spouse shares investment power and the Reporting Person and/or immediate family members are beneficiaries.
  21. F28 Shares held in family trusts as to which the Reporting Person is sole trustee and sole beneficiary or co-trustee and settlor with power to revoke.
  22. F29 These stock options vested in equal one-third installments on March 15, 2021, 2022 and 2023.
  23. F3 This transaction was executed in multiple trades at prices ranging from $562.18 to $563.15. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  24. F30 Stock options held in a family trust as to which the Reporting Person shares investment power and the Reporting Person and immediate family members are beneficiaries.
  25. F4 This transaction was executed in multiple trades at prices ranging from $563.57 to $564.52. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  26. F5 This transaction was executed in multiple trades at prices ranging from $565.08 to $565.85. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  27. F6 This transaction was executed in multiple trades at prices ranging from $566.33 to $566.70. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  28. F7 This transaction was executed in multiple trades at prices ranging from $567.53 to $568.45. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  29. F8 This transaction was executed in multiple trades at prices ranging from $568.54 to $569.23. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  30. F9 This transaction was executed in multiple trades at prices ranging from $569.99 to $570.98. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Remarks: Due to the 30 line limitation in Table 1, this report is being filed across two forms. This is the first of two filings.

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