Martine A. Rothblatt - 22 Nov 2022 Form 4 Insider Report for UNITED THERAPEUTICS Corp (UTHR)

Role: CHAIRPERSON & CEO, Director
Signature: /s/ John S. Hess, Jr. under Power of Attorney
Issuer symbol: UTHR
Transactions as of: 22 Nov 2022
Net transactions value: -$2,485,448
Form type: 4
Filing time: 25 Nov 2022, 15:30:12 UTC
Previous filing: 21 Nov 2022
Next filing: 29 Nov 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	$904,640	+8,000	+6154%	$113.08	8,130	22 Nov 2022	Direct	F1
transaction	UTHR	Common Stock	Sale	$190,147	-715	-8.8%	$265.94	7,415	22 Nov 2022	Direct	F1, F2
transaction	UTHR	Common Stock	Sale	$666,421	-2,497	-34%	$266.89	4,918	22 Nov 2022	Direct	F1, F3
transaction	UTHR	Common Stock	Sale	$351,564	-1,313	-27%	$267.76	3,605	22 Nov 2022	Direct	F1, F4
transaction	UTHR	Common Stock	Sale	$191,943	-714	-20%	$268.83	2,891	22 Nov 2022	Direct	F1, F5
transaction	UTHR	Common Stock	Sale	$418,026	-1,549	-54%	$269.87	1,342	22 Nov 2022	Direct	F1, F6
transaction	UTHR	Common Stock	Sale	$328,185	-1,212	-90%	$270.78	130	22 Nov 2022	Direct	F1, F7
transaction	UTHR	Common Stock	Options Exercise	$904,640	+8,000	+6154%	$113.08	8,130	23 Nov 2022	Direct	F1
transaction	UTHR	Common Stock	Sale	$429,632	-1,606	-20%	$267.52	6,524	23 Nov 2022	Direct	F1, F8
transaction	UTHR	Common Stock	Sale	$982,508	-3,662	-56%	$268.30	2,862	23 Nov 2022	Direct	F1, F9
transaction	UTHR	Common Stock	Sale	$610,418	-2,266	-79%	$269.38	596	23 Nov 2022	Direct	F1, F10
transaction	UTHR	Common Stock	Sale	$115,303	-427	-72%	$270.03	169	23 Nov 2022	Direct	F1, F11
transaction	UTHR	Common Stock	Sale	$10,580	-39	-23%	$271.28	130	23 Nov 2022	Direct	F1
holding	UTHR	Common Stock						166	22 Nov 2022	By Spouse
holding	UTHR	Common Stock						651,549	22 Nov 2022	By Trusts

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	+8,000	+0.91%	$0.000000	888,000	22 Nov 2022	Common Stock	8,000	$113.08	Direct	F1
transaction	UTHR	Stock Options	Options Exercise	$0	+8,000	+0.92%	$0.000000	880,000	23 Nov 2022	Common Stock	8,000	$113.08	Direct	F1

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

Explanation of Responses:

Id	Content
F1	This exercise and sale of stock options was pursuant to a pre-arranged 10b5-1 trading plan entered into by the reporting person. This plan will continue until the earlier of: (a) exhaustion of a tranche of 1,000,000 stock options that expire December 31, 2023; or (b) July 31, 2023.
F2	This transaction was executed in multiple trades at prices ranging from $265.38 to $266.31. 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 $266.39 to $267.38 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 $267.40 to $268.345. 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 $268.40 to $269.39. 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 $269.40 to $270.35. 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 $270.415 to $271.01. 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.
F8	This transaction was executed in multiple trades at prices ranging from $266.88 to $267.87. 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 $267.89 to $268.865. 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.
F10	This transaction was executed in multiple trades at prices ranging from $268.89 to $269.805. 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 $269.89 to $270.54. 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.