United Therapeutics CEO trust sells 9,500 shares
The pre-arranged plan will continue until exercise of 1,734,410 options or December 31, 2026, whichever occurs first; the options expire March 15, 2027.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
United Therapeutics Corp. Chairperson & CEO Martine A. Rothblatt reported that a family trust in which she shared investment power exercised 9,500 stock options at an exercise price of $117.76 per share on October 16, 2026, acquiring 9,500 common shares and selling 9,500 resulting shares in 13 reported sales. The exercise and sales were pursuant to a pre-arranged Rule 10b5-1 plan adopted November 7, 2025. The reported post-exercise balance was 214,410 stock options.
Insider Trade Summary 10b5-1
Exercise and Sale: 9,500 shares ($3.96M approx. pre-tax spread)
Exercise and Sale
20 txns
Insider
ROTHBLATT MARTINE A
Role
Chairperson & CEO
Sold
9,500 shs ($5.08M)
Approx. gross sale proceeds
$5.08M
Approx. exercise cost
$1.12M
Approx. pre-tax spread
$3.96M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option F1, F18, F19 | 9,500 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 9,500 | $117.76 | $1.12M |
| Sale | Common Stock F1, F3, F2 | 240 | $530.4754 | $127K |
| Sale | Common Stock F1, F4, F2 | 1,024 | $531.5387 | $544K |
| Sale | Common Stock F1, F5, F2 | 2,378 | $532.4628 | $1.27M |
| Sale | Common Stock F1, F6, F2 | 1,818 | $533.3216 | $970K |
| Sale | Common Stock F1, F7, F2 | 640 | $534.4103 | $342K |
| Sale | Common Stock F1, F8, F2 | 535 | $535.6665 | $287K |
| Sale | Common Stock F1, F9, F2 | 865 | $536.657 | $464K |
| Sale | Common Stock F1, F10, F2 | 760 | $537.7381 | $409K |
| Sale | Common Stock F1, F11, F2 | 401 | $538.5509 | $216K |
| Sale | Common Stock F1, F12, F2 | 239 | $539.6002 | $129K |
| Sale | Common Stock F1, F13, F2 | 169 | $541.6201 | $92K |
| Sale | Common Stock F1, F14, F2 | 391 | $542.6735 | $212K |
| Sale | Common Stock F1, F2 | 40 | $543.85 | $22K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F15 | -- | -- | -- |
| holding | Common Stock F16 | -- | -- | -- |
| holding | Common Stock F17 | -- | -- | -- |
Holdings After Transaction:
Stock Option — 214,410 contracts (Indirect, by Trust);
Common Stock — 628,049 shares (Indirect, by Trust);
Common Stock — 40,513 shares (Direct);
Common Stock — 166 shares (Indirect, by Spouse)
Footnotes (19)
- 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.
- F10. This transaction was executed in multiple trades at prices ranging from $537.22 to $538.20. 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.
- F11. This transaction was executed in multiple trades at prices ranging from $538.22 to $538.98. 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.
- F12. This transaction was executed in multiple trades at prices ranging from $539.28 to $539.89. 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.
- F13. This transaction was executed in multiple trades at prices ranging from $541.26 to $542.20. 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.
- F14. This transaction was executed in multiple trades at prices ranging from $542.28 to $543.02. 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.
- F15. 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.
- F16. 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.
- F17. 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.
- F18. These stock options vested in equal one-third installments on March 15, 2021, 2022 and 2023.
- F19. 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.
- 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.
- F3. This transaction was executed in multiple trades at prices ranging from $529.95 to $530.91. 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.
- F4. This transaction was executed in multiple trades at prices ranging from $530.95 to $531.94. 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.
- F5. This transaction was executed in multiple trades at prices ranging from $531.96 to $532.93. 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.
- F6. This transaction was executed in multiple trades at prices ranging from $532.98 to $533.95. 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.
- F7. This transaction was executed in multiple trades at prices ranging from $534.04 to $534.86. 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.
- F8. This transaction was executed in multiple trades at prices ranging from $535.22 to $536.13. 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.
- F9. This transaction was executed in multiple trades at prices ranging from $536.22 to $537.10. 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.
Key Figures
Stock options exercised: 9,500 options
Exercise price: $117.76 per share
Common shares acquired on exercise: 9,500 shares
+3 more
6 metrics
Stock options exercised
9,500 options
October 16, 2026
Exercise price
$117.76 per share
Stock-option exercise on October 16, 2026
Common shares acquired on exercise
9,500 shares
October 16, 2026
Common shares sold
9,500 shares
Across 13 reported sales on October 16, 2026
Stock options after exercise
214,410 options
Reported post-transaction balance
Options in plan continuation condition
1,734,410 stock options
Plan continues until the earlier of exercise of these options or December 31, 2026
Key Terms
pre-arranged 10b5-1 trading plan, weighted average price, investment power, stock options
4 terms
pre-arranged 10b5-1 trading plan regulatory
"pursuant to a pre-arranged 10b5-1 trading plan adopted"
weighted average price financial
"the price reported above reflects the weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
investment power regulatory
"the Reporting Person shares investment power"
stock options financial
"exercise of stock options and sale of the resulting shares"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What was the UTHR option exercise price reported for Martine A. Rothblatt?
The trust exercised 9,500 stock options at an exercise price of $117.76 per share on October 16, 2026, acquiring 9,500 common shares.
How long does the UTHR Rule 10b5-1 plan continue?
The pre-arranged plan adopted November 7, 2025, will continue until the earlier of exercise of 1,734,410 stock options or December 31, 2026. All of those options expire March 15, 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
