Martine A. Rothblatt - 20 Jan 2023 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: 20 Jan 2023
Net transactions value: -$2,347,394
Form type: 4
Filing time: 24 Jan 2023, 15:30:11 UTC
Previous filing: 20 Jan 2023
Next filing: 26 Jan 2023
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	20 Jan 2023	Direct	F1
transaction	UTHR	Common Stock	Sale	$514,271	-1,986	-24%	$258.95	6,144	20 Jan 2023	Direct	F1, F2
transaction	UTHR	Common Stock	Sale	$271,077	-1,043	-17%	$259.90	5,101	20 Jan 2023	Direct	F1, F3
transaction	UTHR	Common Stock	Sale	$871,012	-3,336	-65%	$261.09	1,765	20 Jan 2023	Direct	F1, F4
transaction	UTHR	Common Stock	Sale	$388,868	-1,484	-84%	$262.04	281	20 Jan 2023	Direct	F1, F5
transaction	UTHR	Common Stock	Sale	$39,656	-151	-54%	$262.62	130	20 Jan 2023	Direct	F1, F6
transaction	UTHR	Common Stock	Options Exercise	$904,640	+8,000	+6154%	$113.08	8,130	23 Jan 2023	Direct	F1
transaction	UTHR	Common Stock	Sale	$560,801	-2,175	-27%	$257.84	5,955	23 Jan 2023	Direct	F1, F7
transaction	UTHR	Common Stock	Sale	$868,095	-3,357	-56%	$258.59	2,598	23 Jan 2023	Direct	F1, F8
transaction	UTHR	Common Stock	Sale	$302,046	-1,162	-45%	$259.94	1,436	23 Jan 2023	Direct	F1, F9
transaction	UTHR	Common Stock	Sale	$193,662	-743	-52%	$260.65	693	23 Jan 2023	Direct	F1, F10
transaction	UTHR	Common Stock	Sale	$147,187	-563	-81%	$261.43	130	23 Jan 2023	Direct	F1, F11
holding	UTHR	Common Stock						166	20 Jan 2023	By Spouse
holding	UTHR	Common Stock						644,183	20 Jan 2023	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	-1.4%	$0.000000	560,000	20 Jan 2023	Common Stock	8,000	$113.08	Direct	F1
transaction	UTHR	Stock Options	Options Exercise	$0	-8,000	-1.4%	$0.000000	552,000	23 Jan 2023	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 $258.49 to $259.415. 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 $259.495 to $260.32. 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 $260.525 to $261.51. 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 $261.54 to $262.41. 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 $262.565 to $262.63. 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 $257.22 to $258.215. 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 $258.22 to $259.11. 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 $259.27 to $260.235. 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 $260.31 to $261.105. 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 $261.33 to $261.56. 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.