United Therapeutics CEO trusts sell 9,500 shares
The exercise and resulting share sales were made under a pre-arranged Rule 10b5-1 plan adopted November 7, 2025.
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Form Type
4
Rhea-AI Filing Summary
United Therapeutics (UTHR) Chairperson & CEO Martine A. Rothblatt reported that a family trust exercised 9,500 stock options on October 26, 2026, at $117.7600 per share, resulting in 9,500 common shares. The resulting shares were sold through family trusts in eight reported transactions, including a 600-share sale at a weighted-average price of $585.7122 per share and an 806-share sale at $592.9168 per share. The exercise and sales were under a pre-arranged Rule 10b5-1 plan adopted November 7, 2025; the reported option position following the exercise was 157,410.
Insider Trade Summary 10b5-1
Exercise and Sale: 9,500 shares ($4.47M approx. pre-tax spread)
Exercise and Sale
15 txns
Insider
ROTHBLATT MARTINE A
Role
Chairperson & CEO
Sold
9,500 shs ($5.59M)
Approx. gross sale proceeds
$5.59M
Approx. exercise cost
$1.12M
Approx. pre-tax spread
$4.47M
| 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 | 600 | $585.7122 | $351K |
| Sale | Common Stock F1, F4, F2 | 1,492 | $586.5445 | $875K |
| Sale | Common Stock F1, F5, F2 | 2,707 | $587.5413 | $1.59M |
| Sale | Common Stock F1, F6, F2 | 1,241 | $588.4653 | $730K |
| Sale | Common Stock F1, F7, F2 | 1,280 | $589.6378 | $755K |
| Sale | Common Stock F1, F8, F2 | 680 | $590.5669 | $402K |
| Sale | Common Stock F1, F9, F2 | 694 | $591.60 | $411K |
| Sale | Common Stock F1, F10, F2 | 806 | $592.9168 | $478K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F11 | -- | -- | -- |
| holding | Common Stock F12 | -- | -- | -- |
| holding | Common Stock F13 | -- | -- | -- |
Holdings After Transaction:
Stock Option — 157,410 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 (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 $592.46 to $593.09. 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 $585.01 to $585.97. 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 $586.035 to $587.03. 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 $587.04 to $588.03. 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 $588.09 to $589.01. 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 $589.10 to $590.03. 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 $590.20 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.
- F9. This transaction was executed in multiple trades at prices ranging from $591.36 to $592.15. 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.
Key Figures
Stock options exercised: 9,500 options
Exercise price: $117.7600 per share
Common shares sold: 9,500 shares
+4 more
7 metrics
Stock options exercised
9,500 options
October 26, 2026
Exercise price
$117.7600 per share
October 26, 2026
Common shares sold
9,500 shares
Eight transactions on October 26, 2026
Weighted-average sale price
$585.7122 per share
600-share sale on October 26, 2026
Weighted-average sale price
$592.9168 per share
806-share sale on October 26, 2026
Option position following exercise
157,410 options
Following the October 26, 2026 transaction
Options specified in plan termination condition
1,734,410 stock options
Plan continues until the earlier of this exercise amount or December 31, 2026
Key Terms
pre-arranged 10b5-1 trading plan, weighted average price, stock options
3 terms
pre-arranged 10b5-1 trading plan financial
"pursuant to a pre-arranged 10b5-1 trading plan"
weighted average price financial
"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
"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 option exercise did UTHR Chairperson & CEO Martine A. Rothblatt report?
A family trust exercised 9,500 stock options on October 26, 2026, at $117.7600 per share, resulting in 9,500 common shares. The reported option position following the exercise was 157,410, and the options expire March 15, 2027.
When does the UTHR Rule 10b5-1 trading plan end?
The pre-arranged plan adopted November 7, 2025, continues until the earlier of the exercise of 1,734,410 stock options or December 31, 2026. The plan footnote states that all of those options expire March 15, 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
