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United Therapeutics: Rothblatt trusts sell 7,777 shares

The pre-arranged plan will continue until the earlier of exercise of 1,734,410 stock options or December 31, 2026.

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Form Type
4

Rhea-AI Filing Summary

United Therapeutics (UTHR) Chairperson and CEO Martine A. Rothblatt reported that family trusts exercised 9,500 stock options at $117.76 per share on November 4, 2026, acquiring 9,500 common shares. The trusts sold 7,777 shares in multiple trades that day; reported weighted-average sale prices included $580.7041 for 39 shares and $609.0929 for 1,245 shares. The exercise and sales were under a pre-arranged Rule 10b5-1 plan adopted November 7, 2025; the trust-held option position following the exercise was 90,910.

Insider ROTHBLATT MARTINE A
Role Chairperson & CEO
Sold 7,777 shs ($4.66M)
Approx. gross sale proceeds $4.66M
Approx. exercise cost $1.12M
Type Security Shares Price Value
Exercise Stock Option F1, F29, F30 9,500 $0.00 $0.00
Exercise Common Stock F1, F2 9,500 $117.76 $1.12M
Sale Common Stock F1, F3, F2 39 $580.7041 $23K
Sale Common Stock F1, F4, F2 133 $582.1765 $77K
Sale Common Stock F1, F5, F2 188 $583.1839 $110K
Sale Common Stock F1, F6, F2 80 $584.135 $47K
Sale Common Stock F1, F7, F2 280 $585.6029 $164K
Sale Common Stock F1, F8, F2 280 $586.9172 $164K
Sale Common Stock F1, F9, F2 400 $588.211 $235K
Sale Common Stock F1, F10, F2 50 $590.0508 $30K
Sale Common Stock F1, F11, F2 120 $591.0655 $71K
Sale Common Stock F1, F12, F2 214 $592.2655 $127K
Sale Common Stock F1, F13, F2 216 $593.3667 $128K
Sale Common Stock F1, F14, F2 160 $594.6008 $95K
Sale Common Stock F1, F15, F2 320 $596.218 $191K
Sale Common Stock F1, F16, F2 477 $597.559 $285K
Sale Common Stock F1, F17, F2 123 $598.8398 $74K
Sale Common Stock F1, F18, F2 800 $599.934 $480K
Sale Common Stock F1, F19, F2 600 $600.9691 $361K
Sale Common Stock F1, F20, F2 320 $602.0384 $193K
Sale Common Stock F1, F21, F2 160 $603.5275 $97K
Sale Common Stock F1, F22, F2 80 $604.455 $48K
Sale Common Stock F1, F2 40 $605.74 $24K
Sale Common Stock F1, F23, F2 529 $607.3533 $321K
Sale Common Stock F1, F24, F2 923 $608.2951 $561K
Sale Common Stock F1, F25, F2 1,245 $609.0929 $758K
Holding Common Stock -- -- --
Holding Common Stock -- -- --
Holding Common Stock F26 -- -- --
Holding Common Stock F27 -- -- --
Holding Common Stock F28 -- -- --
Holdings After Transaction: Stock Option — 90,910 contracts (Indirect, by Trust); Common Stock — 629,772 shares (Indirect, by Trust); Common Stock — 40,513 shares (Direct); Common Stock — 166 shares (Indirect, by Spouse)
Footnotes (30)
  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 $589.91 to $590.61. 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.
  3. F11. This transaction was executed in multiple trades at prices ranging from $590.93 to $591.15. 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.
  4. F12. This transaction was executed in multiple trades at prices ranging from $592.015 to $593.00. 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 $593.08 to $593.83. 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 $594.15 to $594.85. 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.
  7. F15. This transaction was executed in multiple trades at prices ranging from $595.89 to $596.58. 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 $597.19 to $597.99. 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 $598.35 to $599.23. 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.
  10. F18. This transaction was executed in multiple trades at prices ranging from $599.47 to $600.38. 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 $600.61 to $601.59. 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.
  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 $601.63 to $602.45. 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.
  14. F21. This transaction was executed in multiple trades at prices ranging from $603.21 to $604.19. 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 $604.23 to $604.68. 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 $606.77 to $607.76. 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.
  17. F24. This transaction was executed in multiple trades at prices ranging from $607.77 to $608.74. 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 $608.77 to $609.75. 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.
  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 $580.54 to $580.74. 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 $581.54 to $582.46. 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.
  26. F5. This transaction was executed in multiple trades at prices ranging from $582.68 to $583.58. 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 $583.79 to $584.48. 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 $585.47 to $585.84. 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.
  29. F8. This transaction was executed in multiple trades at prices ranging from $586.54 to $587.04. 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 $587.83 to $588.48. 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.
Stock options exercised 9,500 options November 4, 2026; held by a family trust
Exercise price $117.76 per share Price for the November 4, 2026 option exercise
Common shares acquired 9,500 shares Shares acquired through the option exercise on November 4, 2026
Common shares sold 7,777 shares Family-trust sales reported for November 4, 2026
Weighted-average sale price $580.7041 per share Reported for a 39-share sale on November 4, 2026
Stock options following exercise 90,910 options Indirect family-trust position reported after the November 4, 2026 exercise
Direct common shares held 40,513 shares Direct holding reported on November 4, 2026
pre-arranged 10b5-1 trading plan regulatory
"pursuant to a pre-arranged 10b5-1 trading plan"
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.
exercise price financial
"Stock Option exercise price of $117.76"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
investment power regulatory
"the Reporting Person shares investment power"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many UTHR shares did Martine Rothblatt’s family trusts sell?
Family trusts in which Martine A. Rothblatt shares investment power sold 7,777 shares on November 4, 2026. The listed sale rows include weighted-average prices of $580.7041 for 39 shares and $609.0929 for 1,245 shares.

How many UTHR stock options did Martine Rothblatt’s family trust exercise?
A family trust in which Martine A. Rothblatt shares investment power exercised 9,500 stock options at $117.76 per share on November 4, 2026, resulting in 9,500 common shares.

When does Martine Rothblatt’s UTHR trading plan end?
The pre-arranged plan adopted November 7, 2025, was to continue until the earlier of exercise of 1,734,410 stock options, all of which expire March 15, 2027, or December 31, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
ROTHBLATT MARTINE A
(Last)(First)(Middle)
C/O UNITED THERAPEUTICS CORPORATION
1000 SPRING STREET
(Street)
SILVER SPRING MARYLAND 20910
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
UNITED THERAPEUTICS Corp [ UTHR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chairperson & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
11/04/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock11/04/2026M(1)9,500A$117.76333,943Iby Trust(2)
Common Stock11/04/2026S(1)39D$580.7041(3)333,904Iby Trust(2)
Common Stock11/04/2026S(1)133D$582.1765(4)333,771Iby Trust(2)
Common Stock11/04/2026S(1)188D$583.1839(5)333,583Iby Trust(2)
Common Stock11/04/2026S(1)80D$584.135(6)333,503Iby Trust(2)
Common Stock11/04/2026S(1)280D$585.6029(7)333,223Iby Trust(2)
Common Stock11/04/2026S(1)280D$586.9172(8)332,943Iby Trust(2)
Common Stock11/04/2026S(1)400D$588.211(9)332,543Iby Trust(2)
Common Stock11/04/2026S(1)50D$590.0508(10)332,493Iby Trust(2)
Common Stock11/04/2026S(1)120D$591.0655(11)332,373Iby Trust(2)
Common Stock11/04/2026S(1)214D$592.2655(12)332,159Iby Trust(2)
Common Stock11/04/2026S(1)216D$593.3667(13)331,943Iby Trust(2)
Common Stock11/04/2026S(1)160D$594.6008(14)331,783Iby Trust(2)
Common Stock11/04/2026S(1)320D$596.218(15)331,463Iby Trust(2)
Common Stock11/04/2026S(1)477D$597.559(16)330,986Iby Trust(2)
Common Stock11/04/2026S(1)123D$598.8398(17)330,863Iby Trust(2)
Common Stock11/04/2026S(1)800D$599.934(18)330,063Iby Trust(2)
Common Stock11/04/2026S(1)600D$600.9691(19)329,463Iby Trust(2)
Common Stock11/04/2026S(1)320D$602.0384(20)329,143Iby Trust(2)
Common Stock11/04/2026S(1)160D$603.5275(21)328,983Iby Trust(2)
Common Stock11/04/2026S(1)80D$604.455(22)328,903Iby Trust(2)
Common Stock11/04/2026S(1)40D$605.74328,863Iby Trust(2)
Common Stock11/04/2026S(1)529D$607.3533(23)328,334Iby Trust(2)
Common Stock11/04/2026S(1)923D$608.2951(24)327,411Iby Trust(2)
Common Stock11/04/2026S(1)1,245D$609.0929(25)326,166Iby Trust(2)
Common Stock40,513D
Common Stock166Iby Spouse
Common Stock249,108Iby Trust(26)
Common Stock45,596Iby Trust(27)
Common Stock8,902Iby Trust(28)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option$117.7611/04/2026M(1)9,500 (29)03/15/2027Common Stock9,500$0.0090,910Iby Trust(30)
Explanation of Responses:
1. 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. 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.
3. This transaction was executed in multiple trades at prices ranging from $580.54 to $580.74. 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. This transaction was executed in multiple trades at prices ranging from $581.54 to $582.46. 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.
5. This transaction was executed in multiple trades at prices ranging from $582.68 to $583.58. 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 $583.79 to $584.48. 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 $585.47 to $585.84. 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.
8. This transaction was executed in multiple trades at prices ranging from $586.54 to $587.04. 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 $587.83 to $588.48. 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 $589.91 to $590.61. 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.
11. This transaction was executed in multiple trades at prices ranging from $590.93 to $591.15. 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.
12. This transaction was executed in multiple trades at prices ranging from $592.015 to $593.00. 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.
13. This transaction was executed in multiple trades at prices ranging from $593.08 to $593.83. 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. This transaction was executed in multiple trades at prices ranging from $594.15 to $594.85. 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.
15. This transaction was executed in multiple trades at prices ranging from $595.89 to $596.58. 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. This transaction was executed in multiple trades at prices ranging from $597.19 to $597.99. 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. This transaction was executed in multiple trades at prices ranging from $598.35 to $599.23. 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.
18. This transaction was executed in multiple trades at prices ranging from $599.47 to $600.38. 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. This transaction was executed in multiple trades at prices ranging from $600.61 to $601.59. 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.
20. This transaction was executed in multiple trades at prices ranging from $601.63 to $602.45. 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.
21. This transaction was executed in multiple trades at prices ranging from $603.21 to $604.19. 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.
22. This transaction was executed in multiple trades at prices ranging from $604.23 to $604.68. 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.
23. This transaction was executed in multiple trades at prices ranging from $606.77 to $607.76. 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.
24. This transaction was executed in multiple trades at prices ranging from $607.77 to $608.74. 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.
25. This transaction was executed in multiple trades at prices ranging from $608.77 to $609.75. 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.
26. 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.
27. 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.
28. 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.
29. These stock options vested in equal one-third installments on March 15, 2021, 2022 and 2023.
30. 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.
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.
/s/ John S. Hess, Jr. under Power of Attorney11/04/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

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IREN Reports Q1 FY27 Results Open the live feed