PAUL A. MAHON - 20 Jan 2022 Form 4 Insider Report for UNITED THERAPEUTICS Corp (UTHR)

Role: EVP & General Counsel
Signature: /s/ John S. Hess, Jr. under Power of Attorney
Issuer symbol: UTHR
Transactions as of: 20 Jan 2022
Net transactions value: -$567,440
Form type: 4
Filing time: 21 Jan 2022, 15:31:00 UTC
Previous filing: 04 Mar 2022
Next filing: 04 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UTHR	Common Stock	Options Exercise	$121,434	+1,094	+3.6%	$111.00	31,463	20 Jan 2022	Direct	F1
transaction	UTHR	Common Stock	Options Exercise	$544,566	+4,906	+16%	$111.00	36,369	20 Jan 2022	Direct	F1
transaction	UTHR	Common Stock	Sale	$528,561	-2,581	-7.1%	$204.79	33,788	20 Jan 2022	Direct	F1, F2
transaction	UTHR	Common Stock	Sale	$351,748	-1,709	-5.1%	$205.82	32,079	20 Jan 2022	Direct	F1, F3
transaction	UTHR	Common Stock	Sale	$353,131	-1,710	-5.3%	$206.51	30,369	20 Jan 2022	Direct	F1, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	UTHR	Stock Options	Options Exercise	$0	-1,094	-2%	$0.000000	54,000	20 Jan 2022	Common Stock	1,094	$111.00	Direct	F1
transaction	UTHR	Stock Options	Options Exercise	$0	-4,906	-18%	$0.000000	22,552	20 Jan 2022	Common Stock	4,906	$111.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This exercise of stock options and subsequent sale of shares was pursuant to a Rule 10b5-1 trading plan entered into by the reporting person.
F2	This transaction was executed in multiple trades at prices ranging from $204.2050 to $205.19. 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.
F3	This transaction was executed in multiple trades at prices ranging from $205.24 to 206.2250. 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 $206.26 to $206.76. 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.