SEC Form 4 · accession 0001106578-26-000099
UNITED THERAPEUTICS Corp · UTHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martine A Rothblatt
Officer — Chairperson & CEO · Director
Period of report
Jul 15, 2026
Accepted (ET)
Jul 16, 2026 · 4:30 pm EDT
Rule 10b5-1 plan
yes — trade under a plan
Issuer CIK
0001082554
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 15, 2026 | M | 1,718 | $135.42 | A | 42,231 | D | |
| Common Stock | Jul 15, 2026 | S | 80 | $521.82 | D | 42,151 | D | |
| Common StockF2 | Jul 15, 2026 | S | 120 | $523.9733 | D | 42,031 | D | |
| Common StockF3 | Jul 15, 2026 | S | 80 | $525.425 | D | 41,951 | D | |
| Common Stock | Jul 15, 2026 | S | 40 | $527.55 | D | 41,911 | D | |
| Common StockF4 | Jul 15, 2026 | S | 120 | $529.6633 | D | 41,791 | D | |
| Common StockF5 | Jul 15, 2026 | S | 278 | $530.9678 | D | 41,513 | D | |
| Common StockF6 | Jul 15, 2026 | S | 800 | $532.0593 | D | 40,713 | D | |
| Common StockF7 | Jul 15, 2026 | S | 160 | $533.2175 | D | 40,553 | D | |
| Common Stock | Jul 15, 2026 | S | 40 | $534.09 | D | 40,513 | D | |
| Common StockF8 | Jul 15, 2026 | M | 7,782 | $135.42 | A | 332,225 | I | by Trust |
| Common StockF9,F8 | Jul 15, 2026 | S | 48 | $520.9158 | D | 332,177 | I | by Trust |
| Common StockF10,F8 | Jul 15, 2026 | S | 189 | $521.8408 | D | 331,988 | I | by Trust |
| Common StockF11,F8 | Jul 15, 2026 | S | 203 | $523.2024 | D | 331,785 | I | by Trust |
| Common StockF12,F8 | Jul 15, 2026 | S | 440 | $524.3955 | D | 331,345 | I | by Trust |
| Common StockF13,F8 | Jul 15, 2026 | S | 280 | $525.2371 | D | 331,065 | I | by Trust |
| Common StockF14,F8 | Jul 15, 2026 | S | 120 | $527.77 | D | 330,945 | I | by Trust |
| Common StockF15,F8 | Jul 15, 2026 | S | 641 | $529.026 | D | 330,304 | I | by Trust |
| Common StockF16,F8 | Jul 15, 2026 | S | 577 | $530.1185 | D | 329,727 | I | by Trust |
| Common StockF17,F8 | Jul 15, 2026 | S | 1,044 | $531.0255 | D | 328,683 | I | by Trust |
| Common StockF18,F8 | Jul 15, 2026 | S | 3,295 | $531.9678 | D | 325,388 | I | by Trust |
| Common StockF19,F8 | Jul 15, 2026 | S | 825 | $533.0797 | D | 324,563 | I | by Trust |
| Common StockF20,F8 | Jul 15, 2026 | S | 120 | $534.2733 | D | 324,443 | I | by Trust |
| Common Stock | holding | — | — | — | 166 | I | by Spouse | |
| Common StockF21 | holding | — | — | — | 249,108 | I | by Trust | |
| Common StockF22 | holding | — | — | — | 45,596 | I | by Trust | |
| Common StockF23 | holding | — | — | — | 8,902 | I | by Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option | $135.42 | Jul 15, 2026 | M | 1,718 | D | Mar 15, 2023 | Mar 15, 2027 | Common Stock | 1,718 | 0 | D |
| Stock OptionF24 | $135.42 | Jul 15, 2026 | M | 7,782 | D | Mar 15, 2023 | Mar 15, 2027 | Common Stock | 7,782 | 341,410 | I |
Explanation of responses
- F1This 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.
- F10This transaction was executed in multiple trades at prices ranging from $521.77 to $522.42. 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.
- F11This transaction was executed in multiple trades at prices ranging from $522.97 to $523.41. 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.
- F12This transaction was executed in multiple trades at prices ranging from $523.98 to $524.81. 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.
- F13This transaction was executed in multiple trades at prices ranging from $525.03 to $525.62. 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.
- F14This transaction was executed in multiple trades at prices ranging from $527.52 to $528.22. 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.
- F15This transaction was executed in multiple trades at prices ranging from $528.57 to $529.56. 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.
- F16This transaction was executed in multiple trades at prices ranging from $529.58 to $530.57. 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.
- F17This transaction was executed in multiple trades at prices ranging from $530.60 to $531.59. 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.
- F18This transaction was executed in multiple trades at prices ranging from $531.65 to $532.64. 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.
- F19This transaction was executed in multiple trades at prices ranging from $532.66 to $533.64. 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.
- F2This transaction was executed in multiple trades at prices ranging from $523.41 to $524.34. 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.
- F20This transaction was executed in multiple trades at prices ranging from $534.08 to $534.65. 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.
- F21Shares 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.
- F22Shares 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.
- F23Shares 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.
- F24Stock 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.
- F3This transaction was executed in multiple trades at prices ranging from $525.20 to $525.65. 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.
- F4This transaction was executed in multiple trades at prices ranging from $529.17 to $530.10. 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.
- F5This transaction was executed in multiple trades at prices ranging from $530.45 to $531.42. 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.
- F6This transaction was executed in multiple trades at prices ranging from $531.79 to $532.73. 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.
- F7This transaction was executed in multiple trades at prices ranging from $532.88 to $533.55. 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.
- F8Shares held in family trusts as to which the Reporting Person shares investment power and the Reporting Person and/or immediate family members are beneficiaries.
- F9This transaction was executed in multiple trades at prices ranging from $520.66 to $521.37. 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.