Martine A. Rothblatt - 22 Dec 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 Dec 2022
Net transactions value: -$2,610,975
Form type: 4
Filing time: 27 Dec 2022, 15:30:20 UTC
Previous filing: 22 Dec 2022
Next filing: 29 Dec 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 Dec 2022	Direct	F1
transaction	UTHR	Common Stock	Sale	$416,995	-1,526	-19%	$273.26	6,604	22 Dec 2022	Direct	F1, F2
transaction	UTHR	Common Stock	Sale	$485,339	-1,770	-27%	$274.20	4,834	22 Dec 2022	Direct	F1, F3
transaction	UTHR	Common Stock	Sale	$785,151	-2,852	-59%	$275.30	1,982	22 Dec 2022	Direct	F1, F4
transaction	UTHR	Common Stock	Sale	$383,570	-1,389	-70%	$276.15	593	22 Dec 2022	Direct	F1, F5
transaction	UTHR	Common Stock	Sale	$128,358	-463	-78%	$277.23	130	22 Dec 2022	Direct	F1, F6
transaction	UTHR	Common Stock	Options Exercise	$904,640	+8,000	+6154%	$113.08	8,130	23 Dec 2022	Direct	F1
transaction	UTHR	Common Stock	Sale	$268,120	-970	-12%	$276.41	7,160	23 Dec 2022	Direct	F1, F7
transaction	UTHR	Common Stock	Sale	$1,211,762	-4,368	-61%	$277.42	2,792	23 Dec 2022	Direct	F1, F8
transaction	UTHR	Common Stock	Sale	$660,880	-2,375	-85%	$278.27	417	23 Dec 2022	Direct	F1, F9
transaction	UTHR	Common Stock	Sale	$80,079	-287	-69%	$279.02	130	23 Dec 2022	Direct	F1, F10
holding	UTHR	Common Stock						166	22 Dec 2022	Direct
holding	UTHR	Common Stock						644,183	22 Dec 2022	Direct

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	+1.1%	$0.000000	704,000	22 Dec 2022	Common Stock	8,000	$113.08	Direct	F1
transaction	UTHR	Stock Options	Options Exercise	$0	+8,000	+1.2%	$0.000000	696,000	23 Dec 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 $272.73 to $273.70. 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 $273.745 to $274.735. 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 $274.755 to $275.73. 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 $275.765 to $276.67. 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 $277.19 to $277.40. 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 $275.815 to $276.81. 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 $276.865 to $277.835. 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 $277.88 to $278.85. 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 $278.92 to $279.145. 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.