SEC Form 4 · accession 0001106578-26-000115
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
Aug 6, 2026
Accepted (ET)
Aug 7, 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 StockF2 | Aug 6, 2026 | M | 9,500 | $135.42 | A | 333,943 | I | by Trust |
| Common StockF2 | Aug 6, 2026 | S | 80 | $512.50 | D | 333,863 | I | by Trust |
| Common StockF3,F2 | Aug 6, 2026 | S | 625 | $514.9242 | D | 333,238 | I | by Trust |
| Common StockF4,F2 | Aug 6, 2026 | S | 263 | $516.2094 | D | 332,975 | I | by Trust |
| Common StockF5,F2 | Aug 6, 2026 | S | 120 | $516.7285 | D | 332,855 | I | by Trust |
| Common StockF6,F2 | Aug 6, 2026 | S | 80 | $517.825 | D | 332,775 | I | by Trust |
| Common StockF7,F2 | Aug 6, 2026 | S | 80 | $519.175 | D | 332,695 | I | by Trust |
| Common StockF8,F2 | Aug 6, 2026 | S | 633 | $520.788 | D | 332,062 | I | by Trust |
| Common StockF9,F2 | Aug 6, 2026 | S | 719 | $521.6316 | D | 331,343 | I | by Trust |
| Common StockF10,F2 | Aug 6, 2026 | S | 120 | $522.86 | D | 331,223 | I | by Trust |
| Common StockF11,F2 | Aug 6, 2026 | S | 182 | $524.2431 | D | 331,041 | I | by Trust |
| Common StockF12,F2 | Aug 6, 2026 | S | 824 | $525.4248 | D | 330,217 | I | by Trust |
| Common StockF13,F2 | Aug 6, 2026 | S | 1,357 | $526.3194 | D | 328,860 | I | by Trust |
| Common StockF14,F2 | Aug 6, 2026 | S | 1,283 | $527.2163 | D | 327,577 | I | by Trust |
| Common StockF15,F2 | Aug 6, 2026 | S | 875 | $528.2805 | D | 326,702 | I | by Trust |
| Common StockF16,F2 | Aug 6, 2026 | S | 759 | $529.3309 | D | 325,943 | I | by Trust |
| Common StockF17,F2 | Aug 6, 2026 | S | 680 | $530.4183 | D | 325,263 | I | by Trust |
| Common StockF18,F2 | Aug 6, 2026 | S | 400 | $531.417 | D | 324,863 | I | by Trust |
| Common StockF19,F2 | Aug 6, 2026 | S | 420 | $532.3932 | D | 324,443 | I | by Trust |
| Common Stock | holding | — | — | — | 40,513 | D | ||
| Common Stock | holding | — | — | — | 166 | I | by Spouse | |
| Common StockF20 | holding | — | — | — | 249,108 | I | by Trust | |
| Common StockF21 | holding | — | — | — | 45,596 | I | by Trust | |
| Common StockF22 | 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 OptionF23 | $135.42 | Aug 6, 2026 | M | 9,500 | D | Mar 15, 2023 | Mar 15, 2027 | Common Stock | 9,500 | 189,410 | 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 $522.48 to $523.17. 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 $523.79 to $524.76. 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 $524.80 to $525.77. 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 $525.81 to $526.77. 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 $526.83 to $527.82. 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 $527.91 to $528.89. 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 $528.95 to $529.93. 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 $530.01 to $530.98. 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.
- F18This transaction was executed in multiple trades at prices ranging from $531.20 to $531.75. 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 $532.30 to $532.69. 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.
- F2Shares held in family trusts as to which the Reporting Person shares investment power and the Reporting Person and/or immediate family members are beneficiaries.
- F20Shares 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.
- F21Shares 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.
- F22Shares 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.
- F23Stock 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 $514.33 to $515.28. 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 $515.50 to $516.32. 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 $516.60 to $517.20. 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 $517.77 to $517.88. 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 $519.17 to $519.18. 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.
- F8This transaction was executed in multiple trades at prices ranging from $520.19 to $521.18. 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.
- F9This transaction was executed in multiple trades at prices ranging from $521.19 to $522.16. 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.