Michael Benkowitz - Sep 21, 2021 Form 4 Insider Report for UNITED THERAPEUTICS Corp (UTHR)

Role: President and COO
Signature: /s/ John S. Hess, Jr. under Power of Attorney
Stock symbol: UTHR
Transactions as of: Sep 21, 2021
Transactions value $: -$580,000
Form type: 4
Date filed: 9/22/2021, 04:37 PM
Previous filing: Sep 17, 2021
Next filing: Sep 24, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UTHR	Common Stock	Options Exercise	$215K	+4K	+178.97%	$53.83	6.24K	Sep 21, 2021	Direct	F1
transaction	UTHR	Common Stock	Disposed to Issuer	-$795K	-4K	-64.15%	$198.83	2.24K	Sep 21, 2021	Direct	F1

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	Share Tracking Award	Options Exercise	$0	-4K	-8.33%	$0.00	44K	Sep 21, 2021	Common Stock	4K	$53.83	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 share tracking awards was pursuant to a Rule 10b5-1 trading plan entered into by the reporting person. Share tracking awards are non-dilutive cash-settled stock appreciation rights, which may only be settled in cash and may not be converted into shares of common stock.