Form 4 • Statement of Changes in Beneficial Ownership
Type
Sell
Net shares
-8,300
% of shares
-18.39%
Amount (USD)
$4,010,187
Insider confidence score
18.8 out of 100
Positive
Negative
Security
Common Stock
Action
Exercise
Date
2026-03-05
Code
M
Net shares
+8,300.0
Price per Share
$146.03
Amount (USD)
$1,212,049.00
Acquired/Disposed
Acquired
Shares Owned Before
36,844.0
Shares Owned After
45,144.0
Security
Common Stock
Action
Sell
Date
2026-03-05
Code
S
Net shares
-368.0
Price per Share
$479.43
Amount (USD)
$176,429.17
Acquired/Disposed
Disposed
Shares Owned Before
45,144.0
Shares Owned After
44,776.0
Security
Common Stock
Action
Sell
Date
2026-03-05
Code
S
Net shares
-1,602.0
Price per Share
$480.22
Amount (USD)
$769,310.20
Acquired/Disposed
Disposed
Shares Owned Before
44,776.0
Shares Owned After
43,174.0
Security
Common Stock
Action
Sell
Date
2026-03-05
Code
S
Net shares
-720.0
Price per Share
$481.33
Amount (USD)
$346,559.18
Acquired/Disposed
Disposed
Shares Owned Before
43,174.0
Shares Owned After
42,454.0
Security
Common Stock
Action
Sell
Date
2026-03-05
Code
S
Net shares
-1,177.0
Price per Share
$482.68
Amount (USD)
$568,114.48
Acquired/Disposed
Disposed
Shares Owned Before
42,454.0
Shares Owned After
41,277.0
Security
Common Stock
Action
Sell
Date
2026-03-05
Code
S
Net shares
-1,086.0
Price per Share
$483.54
Amount (USD)
$525,123.46
Acquired/Disposed
Disposed
Shares Owned Before
41,277.0
Shares Owned After
40,191.0
Security
Common Stock
Action
Sell
Date
2026-03-05
Code
S
Net shares
-1,398.0
Price per Share
$484.55
Amount (USD)
$677,402.58
Acquired/Disposed
Disposed
Shares Owned Before
40,191.0
Shares Owned After
38,793.0
Security
Common Stock
Action
Sell
Date
2026-03-05
Code
S
Net shares
-1,006.0
Price per Share
$485.32
Amount (USD)
$488,235.54
Acquired/Disposed
Disposed
Shares Owned Before
38,793.0
Shares Owned After
37,787.0
Security
Common Stock
Action
Sell
Date
2026-03-05
Code
S
Net shares
-743.0
Price per Share
$486.52
Amount (USD)
$361,482.13
Acquired/Disposed
Disposed
Shares Owned Before
37,787.0
Shares Owned After
37,044.0
Security
Common Stock
Action
Sell
Date
2026-03-05
Code
S
Net shares
-200.0
Price per Share
$487.65
Amount (USD)
$97,530.40
Acquired/Disposed
Disposed
Shares Owned Before
37,044.0
Shares Owned After
36,844.0
Security
Stock Option
Action
Exercise
Date
2026-03-05
Code
M
Net shares
-8,300.0
Acquired/Disposed
Disposed
Shares Owned Before
41,800.0
Shares Owned After
33,500.0
1. This is an exercise of stock options and sale of the resulting shares pursuant to a pre-arranged 10b5-1 plan entered into by the reporting person on August 11, 2025.
2. This transaction was executed in multiple trades at prices ranging from $486.41 to $486.72. 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. This transaction was executed in multiple trades at prices ranging from $487.475 to $487.77. 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.
4. Includes 63 shares of common stock acquired on March 4, 2026 under the United Therapeutics Employee Stock Purchase Plan.
5. This transaction was executed in multiple trades at prices ranging from $478.82 to $479.79. 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. This transaction was executed in multiple trades at prices ranging from $479.82 to $480.79. 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. This transaction was executed in multiple trades at prices ranging from $481.02 to $481.46. 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. This transaction was executed in multiple trades at prices ranging from $482.025 to $482.86. 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. This transaction was executed in multiple trades at prices ranging from $483.07 to $484.06. 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. This transaction was executed in multiple trades at prices ranging from $484.07 to $484.95. 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. This transaction was executed in multiple trades at prices ranging from $485.10 to $485.61. 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.
ℹ️ Filed under Rule 10b5-1 trading plan
This page is for informational purposes only. While we strive for accuracy, the summary may contain inaccuracies or omissions. Please refer to the official SEC filing for authoritative information. Open the SEC filing.