Form 4: UNITED THERAPEUTICS CEO Sells Shares
Insider Transaction (Form 4)
Martine A Rothblatt, Chairperson & CEO and a Director of UNITED THERAPEUTICS Corp, sold 7,580 shares of common stock on September 30, 2026.
Summary
- Option exercise/conversion: acquired 9,500 Common Stock at $117.76 ($1,118,720) on September 30, 2026; holds 333,943 after (Indirect).
- Open-market sale: disposed of 161 Common Stock at $476.14 ($76,659) on September 30, 2026; holds 333,782 after (Indirect).
- Open-market sale: disposed of 749 Common Stock at $477.43 ($357,592) on September 30, 2026; holds 333,033 after (Indirect).
- Open-market sale: disposed of 650 Common Stock at $478.47 ($311,004) on September 30, 2026; holds 332,383 after (Indirect).
- Open-market sale: disposed of 359 Common Stock at $479.67 ($172,201) on September 30, 2026; holds 332,024 after (Indirect).
- Open-market sale: disposed of 601 Common Stock at $480.79 ($288,957) on September 30, 2026; holds 331,423 after (Indirect).
- Open-market sale: disposed of 160 Common Stock at $482.36 ($77,177) on September 30, 2026; holds 331,263 after (Indirect).
- Open-market sale: disposed of 80 Common Stock at $487.79 ($39,023) on September 30, 2026; holds 331,183 after (Indirect).
- Open-market sale: disposed of 40 Common Stock at $495.32 ($19,813) on September 30, 2026; holds 331,143 after (Indirect).
- Open-market sale: disposed of 40 Common Stock at $511.37 ($20,455) on September 30, 2026; holds 331,103 after (Indirect).
- Open-market sale: disposed of 80 Common Stock at $514.90 ($41,192) on September 30, 2026; holds 331,023 after (Indirect).
- Open-market sale: disposed of 80 Common Stock at $517.16 ($41,373) on September 30, 2026; holds 330,943 after (Indirect).
- Open-market sale: disposed of 80 Common Stock at $523.36 ($41,869) on September 30, 2026; holds 330,863 after (Indirect).
- Open-market sale: disposed of 80 Common Stock at $524.62 ($41,970) on September 30, 2026; holds 330,783 after (Indirect).
- Open-market sale: disposed of 80 Common Stock at $526.09 ($42,087) on September 30, 2026; holds 330,703 after (Indirect).
- Open-market sale: disposed of 160 Common Stock at $531.11 ($84,978) on September 30, 2026; holds 330,543 after (Indirect).
- Open-market sale: disposed of 160 Common Stock at $536.52 ($85,843) on September 30, 2026; holds 330,383 after (Indirect).
- Open-market sale: disposed of 200 Common Stock at $537.67 ($107,534) on September 30, 2026; holds 330,183 after (Indirect).
- Open-market sale: disposed of 40 Common Stock at $538.65 ($21,546) on September 30, 2026; holds 330,143 after (Indirect).
- Open-market sale: disposed of 480 Common Stock at $540.78 ($259,573) on September 30, 2026; holds 329,663 after (Indirect).
- Open-market sale: disposed of 580 Common Stock at $541.76 ($314,222) on September 30, 2026; holds 329,083 after (Indirect).
- Open-market sale: disposed of 600 Common Stock at $543.25 ($325,947) on September 30, 2026; holds 328,483 after (Indirect).
- Open-market sale: disposed of 840 Common Stock at $544.05 ($457,000) on September 30, 2026; holds 327,643 after (Indirect).
- Open-market sale: disposed of 920 Common Stock at $545.13 ($501,519) on September 30, 2026; holds 326,723 after (Indirect).
- Open-market sale: disposed of 360 Common Stock at $546.23 ($196,644) on September 30, 2026; holds 326,363 after (Indirect).
- Option exercise/conversion: disposed of 9,500 Stock Option on September 30, 2026; holds 328,410 after (Indirect).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $3,926,177 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Martine A Rothblatt — Director, Officer (Chairperson & CEO)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-09-30 | Option exercise/conversion | Common Stock | 9,500 | $118 | $1.1M | 333,943 |
| 2026-09-30 | Open-market sale | Common Stock | 161 | $476 | $76.7K | 333,782 |
| 2026-09-30 | Open-market sale | Common Stock | 749 | $477 | $357.6K | 333,033 |
| 2026-09-30 | Open-market sale | Common Stock | 650 | $478 | $311.0K | 332,383 |
| 2026-09-30 | Open-market sale | Common Stock | 359 | $480 | $172.2K | 332,024 |
| 2026-09-30 | Open-market sale | Common Stock | 601 | $481 | $289.0K | 331,423 |
| 2026-09-30 | Open-market sale | Common Stock | 160 | $482 | $77.2K | 331,263 |
| 2026-09-30 | Open-market sale | Common Stock | 80 | $488 | $39.0K | 331,183 |
| 2026-09-30 | Open-market sale | Common Stock | 40 | $495 | $19.8K | 331,143 |
| 2026-09-30 | Open-market sale | Common Stock | 40 | $511 | $20.5K | 331,103 |
| 2026-09-30 | Open-market sale | Common Stock | 80 | $515 | $41.2K | 331,023 |
| 2026-09-30 | Open-market sale | Common Stock | 80 | $517 | $41.4K | 330,943 |
| 2026-09-30 | Open-market sale | Common Stock | 80 | $523 | $41.9K | 330,863 |
| 2026-09-30 | Open-market sale | Common Stock | 80 | $525 | $42.0K | 330,783 |
| 2026-09-30 | Open-market sale | Common Stock | 80 | $526 | $42.1K | 330,703 |
| 2026-09-30 | Open-market sale | Common Stock | 160 | $531 | $85.0K | 330,543 |
| 2026-09-30 | Open-market sale | Common Stock | 160 | $537 | $85.8K | 330,383 |
| 2026-09-30 | Open-market sale | Common Stock | 200 | $538 | $107.5K | 330,183 |
| 2026-09-30 | Open-market sale | Common Stock | 40 | $539 | $21.5K | 330,143 |
| 2026-09-30 | Open-market sale | Common Stock | 480 | $541 | $259.6K | 329,663 |
| 2026-09-30 | Open-market sale | Common Stock | 580 | $542 | $314.2K | 329,083 |
| 2026-09-30 | Open-market sale | Common Stock | 600 | $543 | $325.9K | 328,483 |
| 2026-09-30 | Open-market sale | Common Stock | 840 | $544 | $457.0K | 327,643 |
| 2026-09-30 | Open-market sale | Common Stock | 920 | $545 | $501.5K | 326,723 |
| 2026-09-30 | Open-market sale | Common Stock | 360 | $546 | $196.6K | 326,363 |
| 2026-09-30 | Option exercise/conversion | Stock Option | 9,500 | — | — | 328,410 |
Key Dates
| Date | Description |
|---|---|
| 2026-09-30 | Option exercise/conversion (9,500 shares) |
| 2026-09-30 | Open-market sale (161 shares) |
| 2026-09-30 | Open-market sale (749 shares) |
| 2026-09-30 | Open-market sale (650 shares) |
| 2026-09-30 | Open-market sale (359 shares) |
| 2026-09-30 | Open-market sale (601 shares) |
| 2026-09-30 | Open-market sale (160 shares) |
| 2026-09-30 | Open-market sale (80 shares) |
| 2026-09-30 | Open-market sale (40 shares) |
| 2026-09-30 | Open-market sale (40 shares) |
| 2026-09-30 | Open-market sale (80 shares) |
| 2026-09-30 | Open-market sale (80 shares) |
| 2026-09-30 | Open-market sale (80 shares) |
| 2026-09-30 | Open-market sale (80 shares) |
| 2026-09-30 | Open-market sale (80 shares) |
| 2026-09-30 | Open-market sale (160 shares) |
| 2026-09-30 | Open-market sale (160 shares) |
| 2026-09-30 | Open-market sale (200 shares) |
| 2026-09-30 | Open-market sale (40 shares) |
| 2026-09-30 | Open-market sale (480 shares) |
| 2026-09-30 | Open-market sale (580 shares) |
| 2026-09-30 | Open-market sale (600 shares) |
| 2026-09-30 | Open-market sale (840 shares) |
| 2026-09-30 | Open-market sale (920 shares) |
| 2026-09-30 | Open-market sale (360 shares) |
| 2026-09-30 | Option exercise/conversion (9,500 shares) |
Keywords
insider transaction, Form 4, UTHR, UNITED THERAPEUTICS Corp, bearish, Martine A Rothblatt
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