United Therapeutics CEO trusts sell 9,500 shares
The pre-arranged trading plan continues until the earlier of exercise of 1,734,410 options, all expiring March 15, 2027, or December 31, 2026.
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 exercised 9,500 stock options on October 29, 2026, at $117.76 per share, acquiring 9,500 common shares; family trusts also sold 9,500 common shares that day under a pre-arranged Rule 10b5-1 trading plan adopted November 7, 2025. The sale entries report per-share prices of $590.4296 (53 shares), $591.9020 (1,104), $592.9686 (1,563), $593.8794 (1,540), $594.8947 (1,248), $595.8794 (1,678), $596.8608 (1,355), $597.6552 (919), and $599.30 (40). For multiple-trade batches with price footnotes, the reported prices are weighted averages. The option position after the exercise was 128,910 options.
Insider Trade Summary 10b5-1
Exercise and Sale: 9,500 shares ($4.53M approx. pre-tax spread)
Exercise and Sale
11 txns
Insider
ROTHBLATT MARTINE A
Role
Chairperson & CEO
Sold
9,500 shs ($5.65M)
Approx. gross sale proceeds
$5.65M
Approx. exercise cost
$1.12M
Approx. pre-tax spread
$4.53M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option F1, F14, F15 | 9,500 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 9,500 | $117.76 | $1.12M |
| Sale | Common Stock F1, F3, F2 | 53 | $590.4296 | $31K |
| Sale | Common Stock F1, F4, F2 | 1,104 | $591.902 | $653K |
| Sale | Common Stock F1, F5, F2 | 1,563 | $592.9686 | $927K |
| Sale | Common Stock F1, F6, F2 | 1,540 | $593.8794 | $915K |
| Sale | Common Stock F1, F7, F2 | 1,248 | $594.8947 | $742K |
| Sale | Common Stock F1, F8, F2 | 1,678 | $595.8794 | $1000K |
| Sale | Common Stock F1, F9, F2 | 1,355 | $596.8608 | $809K |
| Sale | Common Stock F1, F10, F2 | 919 | $597.6552 | $549K |
| Sale | Common Stock F1, F2 | 40 | $599.30 | $24K |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock F11 | -- | -- | -- |
| Holding | Common Stock F12 | -- | -- | -- |
| Holding | Common Stock F13 | -- | -- | -- |
Holdings After Transaction:
Stock Option — 128,910 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 (15)
- 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 $597.41 to $598.10. 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.
- F11. 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.
- F12. 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.
- F13. 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.
- F14. These stock options vested in equal one-third installments on March 15, 2021, 2022 and 2023.
- F15. 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 $590.17 to $590.52. 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 $591.33 to $592.31. 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 $592.36 to $593.30. 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 $593.39 to $594.37. 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.
- F7. This transaction was executed in multiple trades at prices ranging from $594.41 to $595.40. 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 $595.41 to $596.38. 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.
- F9. This transaction was executed in multiple trades at prices ranging from $596.41 to $597.40. 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: 9,500 shares
+3 more
6 metrics
Stock options exercised
9,500 options
October 29, 2026
Exercise price
$117.76 per share
Options exercised October 29, 2026
Common shares acquired
9,500 shares
October 29, 2026
Common shares sold
9,500 shares
October 29, 2026
Stock options following transaction
128,910 options
Reported following the October 29, 2026 exercise
Plan exercise threshold
1,734,410 stock options
Plan continues until the earlier of this exercise threshold or December 31, 2026
Key Terms
pre-arranged 10b5-1 trading plan, weighted average price, investment power
3 terms
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.
investment power regulatory
"shares held in family trusts as to which the Reporting Person shares investment power"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When does the UTHR Rule 10b5-1 plan end?
The pre-arranged plan, adopted November 7, 2025, continues until the earlier of exercise of 1,734,410 stock options, all expiring March 15, 2027, or December 31, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
