United Therapeutics CEO trust sells 9,500 shares
After the exercise, the trust's reported stock-option position was 299,910 options.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
A family trust associated with United Therapeutics Chairperson & CEO Martine A. Rothblatt exercised stock options covering 9,500 common shares on October 5, 2026, at an exercise price of $117.76 per share; family-trust holdings also sold the resulting 9,500 shares. Reported weighted-average sale prices ranged from $536.2579 to $546.6322 per share. The exercise and sales were made under a pre-arranged 10b5-1 trading plan adopted November 7, 2025, set to continue until the earlier of exercise of 1,734,410 stock options, all expiring March 15, 2027, or December 31, 2026.
Insider Trade Summary 10b5-1
Exercise and Sale: 9,500 shares ($4.03M approx. pre-tax spread)
Exercise and Sale
18 txns
Insider
ROTHBLATT MARTINE A
Role
Chairperson & CEO
Sold
9,500 shs ($5.15M)
Approx. gross sale proceeds
$5.15M
Approx. exercise cost
$1.12M
Approx. pre-tax spread
$4.03M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option F1, F17, F18 | 9,500 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 9,500 | $117.76 | $1.12M |
| Sale | Common Stock F1, F3, F2 | 501 | $536.2579 | $269K |
| Sale | Common Stock F1, F4, F2 | 905 | $537.4289 | $486K |
| Sale | Common Stock F1, F5, F2 | 655 | $538.6187 | $353K |
| Sale | Common Stock F1, F6, F2 | 931 | $539.5047 | $502K |
| Sale | Common Stock F1, F7, F2 | 1,028 | $540.4988 | $556K |
| Sale | Common Stock F1, F8, F2 | 1,239 | $541.6628 | $671K |
| Sale | Common Stock F1, F9, F2 | 918 | $542.5566 | $498K |
| Sale | Common Stock F1, F10, F2 | 783 | $543.5419 | $426K |
| Sale | Common Stock F1, F11, F2 | 1,260 | $544.5928 | $686K |
| Sale | Common Stock F1, F12, F2 | 920 | $545.6922 | $502K |
| Sale | Common Stock F1, F13, F2 | 360 | $546.6322 | $197K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F14 | -- | -- | -- |
| holding | Common Stock F15 | -- | -- | -- |
| holding | Common Stock F16 | -- | -- | -- |
Holdings After Transaction:
Stock Option — 299,910 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 (18)
- 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 $543.20 to $544.08. 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 $544.20 to $545.16. 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.
- F12. This transaction was executed in multiple trades at prices ranging from $545.24 to $546.18. 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.
- F13. This transaction was executed in multiple trades at prices ranging from $546.24 to $547.07. 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. 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.
- F15. 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.
- F16. 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.
- F17. These stock options vested in equal one-third installments on March 15, 2021, 2022 and 2023.
- F18. 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 $535.88 to $536.57. 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 $536.94 to $537.90. 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 $538.01 to $538.94. 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.
- F6. This transaction was executed in multiple trades at prices ranging from $539.03 to $540.02. 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.
- F7. This transaction was executed in multiple trades at prices ranging from $540.08 to $541.04. 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.
- F8. This transaction was executed in multiple trades at prices ranging from $541.17 to $542.13. 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 $542.18 to $543.12. 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 sold: 9,500 shares
+3 more
6 metrics
Stock options exercised
9,500 options
October 5, 2026; covered 9,500 common shares
Exercise price
$117.76 per share
Stock-option exercise on October 5, 2026
Common shares sold
9,500 shares
October 5, 2026
Reported weighted-average sale prices
$536.2579 to $546.6322 per share
Reported prices across sale lots on October 5, 2026
Post-transaction stock-option position
299,910 options
Reported after the October 5, 2026 exercise
Plan exercise threshold
1,734,410 stock options
Plan continuation condition; all expire March 15, 2027
Key Terms
pre-arranged 10b5-1 trading plan, weighted average price, stock options
3 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.
stock options financial
"This 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.
How many UTHR stock options remained after Martine A. Rothblatt's exercise?
The reported post-transaction position was 299,910 stock options after the 9,500-option exercise on October 5, 2026. The exercised options covered 9,500 common shares and had a $117.76 per-share exercise price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
