Louis W. Sullivan - 22 Dec 2025 Form 4 Insider Report for UNITED THERAPEUTICS Corp (UTHR)

Reporting relationship: Director
Issuer ticker: UTHR
Reported as of: 22 Dec 2025
Net transaction value: -$1,827,862
SEC form: 4
Accepted by SEC: 23 Dec 2025, 16:33:38 UTC
Prior SEC filing: 28 Jul 2025
Next SEC filing: 13 Jul 2026
Source filing: View source filing
Reporting owner signature: /s/ John S. Hess, Jr. under Power of Attorney

Key filing fact

Louis W. Sullivan filed Form 4 for UNITED THERAPEUTICS Corp (UTHR) on 23 Dec 2025.

Key facts

This page summarizes Louis W. Sullivan's Form 4 filing for UNITED THERAPEUTICS Corp (UTHR).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 23 Dec 2025, 16:33.

Change

Previous filing in this sequence was filed on 28 Jul 2025.
Current net transaction value: -$1,827,862.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001193522 Primary reporting owner

SULLIVAN LOUIS W

Relationship: Director
Address: C/O UNITED THERAPEUTICS CORPORATION, 1000 SPRING STREET, SILVER SPRING
Signature: /s/ John S. Hess, Jr. under Power of Attorney
Signature date: 23 Dec 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

UTHR transaction

Common Stock

Options Exercise

Transaction value: $594,255
Shares: +3,230
Change %
Price: $183.98
Shares after: 3,230
Date: 22 Dec 2025
Ownership: by Trust
Footnotes: F1

UTHR transaction

Common Stock

Options Exercise

Transaction value: $625,083
Shares: +2,720
Change %: +84%
Price: $229.81
Shares after: 5,950
Date: 22 Dec 2025
Ownership: by Trust
Footnotes: F1

UTHR transaction

Common Stock

Sale

Transaction value: $555,700
Shares: -1,087
Change %: -18%
Price: $511.22
Shares after: 4,863
Date: 22 Dec 2025
Ownership: by Trust
Footnotes: F1, F2

UTHR transaction

Common Stock

Sale

Transaction value: $2,491,501
Shares: -4,863
Change %: -100%
Price: $512.34
Shares after: 0
Date: 22 Dec 2025
Ownership: by Trust
Footnotes: F1, F3

UTHR holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,200
Date: 22 Dec 2025
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

UTHR transaction Derivative

Stock Options

Options Exercise

Transaction value: $0
Shares: -3,230
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 22 Dec 2025
Ownership: By Trust
Underlying class: Common Stock
Underlying amount: 3,230
Exercise price: $183.98
Footnotes: F1

UTHR transaction Derivative

Stock Options

Options Exercise

Transaction value: $0
Shares: -2,720
Change %: -60%
Price: $0.000000
Shares after: 1,840
Date: 22 Dec 2025
Ownership: By Trust
Underlying class: Common Stock
Underlying amount: 2,720
Exercise price: $229.81
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

These securities are held indirectly by a trust over which the reporting person has sole investment power and sole voting power.

Footnote F2

This transaction was executed in multiple trades at prices ranging from $510.64 to $511.58. 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.

Footnote F3

This transaction was executed in multiple trades at prices ranging from $511.67 to $512.64. 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.