Raymond Dwek - Apr 10, 2023 Form 4 Insider Report for UNITED THERAPEUTICS Corp (UTHR)

Role: Director
Signature: /s/ John S. Hess, Jr. under Power of Attorney
Stock symbol: UTHR
Transactions as of: Apr 10, 2023
Transactions value $: -$477,510
Form type: 4
Date filed: 4/12/2023, 04:30 PM
Previous filing: Nov 8, 2022
Next filing: Apr 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UTHR	Common Stock	Options Exercise	$192K	+3K		$63.90	3K	Apr 10, 2023	Direct	F1
transaction	UTHR	Common Stock	Disposed to Issuer	-$669K	-3K	-100%	$223.07	0	Apr 10, 2023	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	-3K	-42.86%	$0.00	4K	Apr 10, 2023	Common Stock	3K	$63.90	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.