Welcome to our dedicated page for United Therapeutics SEC filings (Ticker: UTHR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
United Therapeutics Corporation filings document an operating biotechnology company with Nasdaq-listed common stock and a public benefit corporation structure. Recent 8-K reports cover quarterly and annual operating results, business updates, clinical-study announcements for Tyvaso and ralinepag, and capital actions such as share repurchase programs and accelerated share repurchase agreements.
Proxy materials describe board elections, director changes, executive compensation, shareholder voting matters and governance practices. The company’s formal disclosures also address its treprostinil-centered pulmonary arterial hypertension business, development programs in pulmonary and transplant-related medicine, and common-stock capital structure.
Insider exercise and sales under a 10b5-1 plan on 10/06/2025
The President and COO of United Therapeutics (UTHR) exercised a total of 22,500 stock options on 10/06/2025 (14,625 options at a $135.42 strike; 7,875 at $146.03) and immediately sold many of the resulting shares from trusts for which he has shared or sole trustee powers. Multiple sales were executed in tranches with weighted‑average prices reported in the range of approximately $449.45 to $454.81, with specific weighted averages shown (for example, $449.82, $450.97, $452.03, $453.16, $253.975). Transactions were made pursuant to a Rule 10b5‑1 trading plan established on 06/03/2025. Following the reported transactions, the reporting person beneficially owned optioned shares and remaining common stock indirectly through trusts, with listed post‑transaction holdings such as 14,325 and 7,875 underlying shares shown for the respective option series.
UNITED THERAPEUTICS (UTHR) reported a Rule 144 notice disclosing a proposed sale of 4,000 common shares through TD Securities (USA) LLC with an aggregate market value of $1,807,320. The filing shows these shares were acquired on 03/15/2016 under an executive deferred compensation arrangement from Martine Rothblatt, and payment was made by exercising vested options with shares used for payment. The issuer has 45,230,000 shares outstanding, so the single proposed block equals roughly 0.009% of outstanding stock. The filing also itemizes prior open-market sales by the same person totaling 80,000 shares over the past three months, generating multi‑million dollar proceeds on multiple dates.
United Therapeutics director and Chairperson & CEO Martine A. Rothblatt reported option exercises and subsequent sales under a pre-arranged 10b5-1 trading plan entered on 05/02/2025. On 10/03/2025 and 10/06/2025 she exercised a total of 8,000 stock options with a $120.26 exercise price and sold multiple blocks of shares at weighted-average prices ranging roughly from $445 to $451. Following the reported transactions she directly beneficially owned 4,130 shares and indirectly held large positions through family trusts and spouse (e.g., 324,518, 258,117, 45,596, 15,962). The 10b5-1 plan covers a tranche of 294,000 options expiring 03/15/2026 or ending by 12/31/2025, whichever is earlier. The filing states multiple trades were executed at specified price ranges and offers to provide transaction details on request.
United Therapeutics (UTHR) insider sale notice: An officer/director filed a Form 144 proposing the sale of 4,000 common shares through TD Securities (USA) LLC on 10/06/2025
The filing shows an aggregate market value of $1,798,765.20 for the 4,000 shares and reports the original acquisition on 03/15/2016 via executive deferred compensation consisting of 294,000 shares from Martine Rothblatt. The notice also lists multiple recent open-market sales by the same person between 09/09/2025 and 10/03/2025, with per-day sale quantities of 4,000 shares (one 8,000-share sale on 09/09/2025) and gross proceeds shown for each date. The filer certifies no undisclosed material information and identifies broker details and share counts but does not state total outstanding shares beyond the single row count of 45,230,000.
United Therapeutics (UTHR) filed a Form 144 reporting a proposed sale of 90,000 common shares, to be executed through Morgan Stanley Smith Barney LLC on 10/06/2025 on NASDAQ. The shares were acquired and paid for on 10/06/2025 through an exercise of stock options and funded in cash. The filing lists the aggregate market value of the shares as $40,776,300.00 and total shares outstanding as 45,226,262.
The notice also discloses multiple Rule 10b5-1 sales attributed to Michael Benkowitz during September 2025 totaling several transactions (examples: 7,875 and 14,625 share blocks) with gross proceeds reported per trade. The filer affirms no undisclosed material nonpublic information and includes the standard signature/attestation language required by the form.
United Therapeutics (UTHR) insider Martine Rothblatt filed a Form 144 to sell 4,000 common shares through TD Securities (USA) LLC on or about 10/03/2025, with an aggregate market value of $1,784,847.20. The shares are listed on NASDAQ. The filing also lists prior insider sales over the past three months, including 8,000 shares on 09/09/2025 for $3,188,374.33 and 4,000 shares on 10/02/2025 for $1,739,525.20. The table notes 45,230,000 shares outstanding.
United Therapeutics (UTHR) submitted a Form 144 reporting a proposed sale of 4,000 common shares through TD Securities (USA) LLC with an aggregate market value of $1,739,525.20. The filing states 45,230,000 shares outstanding and lists the approximate sale date as 10/02/2025. The shares being offered were acquired on 03/15/2016 under an executive deferred compensation arrangement from Martine Rothblatt, with 294,000 shares originally received via exercised vested options and payment in common shares. The notice also discloses prior sales by the same person totaling 72,000 shares between 09/09/2025 and 10/01/2025, with daily sales recorded through mid-September to early October. The filer attests no undisclosed material information and the transaction is being executed by a broker on NASDAQ.
United Therapeutics (UTHR) reporting person Martine A. Rothblatt executed option exercises and share sales under a pre-arranged 10b5-1 trading plan entered May 2, 2025. On 10/01/2025 and 10/02/2025 she exercised a total of 8,000 stock options at an exercise price of $120.26, resulting in acquisition of 8,000 common shares. Concurrently, the filing discloses sales of a total of 8,000 common shares executed in multiple trades with weighted-average sale prices reported between $423.305 and $437.70. The 10b5-1 plan will continue until the earlier of exhaustion of a tranche of 294,000 options expiring 03/15/2026 or 12/31/2025. The report also discloses significant indirect holdings via spouse and family trusts, including trusts holding 324,518, 258,117, 45,596, and 15,962 shares.
UNITED THERAPEUTICS (UTHR) Form 144 summary: This notice reports proposed sale of 11,000 common shares to be executed through Morgan Stanley Smith Barney on 10/02/2025 on NASDAQ, with an aggregate market value listed as $4,802,572.50. The shares were acquired the same day by stock option exercise and paid in cash. The filer discloses six prior common-stock sales by the same person in the past three months, each for 11,000 shares, totaling 66,000 shares and gross proceeds of approximately $22,050,034.60. The issuer’s outstanding shares are reported as 45,226,262, making each 11,000-share block a small fraction of outstanding stock. The filer certifies no undisclosed material adverse information and signs the notice under penalties for false statements.
United Therapeutics director and Chairperson & CEO Martine A. Rothblatt reported multiple option exercises and subsequent open-market sales under a pre-arranged 10b5-1 plan entered May 2, 2025. On 09/29/2025 and 09/30/2025 she exercised two tranches of stock options at an exercise price of $120.26 each for 4,000 options per date, receiving 4,000 shares each time. Concurrently, she sold multiple blocks of common stock on 09/29/2025 and 09/30/2025 at weighted-average prices ranging from about $416.38 to $423.78, including a 4,000-share sale at $422.8394. Reported directly held and trust-held shares total hundreds of thousands of shares across listed trusts and a spouse-held position.