PAUL A. MAHON - 20 May 2021 Form 4 Insider Report for UNITED THERAPEUTICS Corp (UTHR)

Role: EVP & General Counsel
Signature: /s/ John S. Hess, Jr. under Power of Attorney
Issuer symbol: UTHR
Transactions as of: 20 May 2021
Transactions value $: -$576,780
Form type: 4
Filing time: 24 May 2021, 16:33:08 UTC
Previous filing: 10 May 2021
Next filing: 04 Jun 2021
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	$569,760	+6,000	+16.5%	$94.96	42,369	20 May 2021	Direct	F1
transaction	UTHR	Common Stock	Disposed to Issuer	-$1,146,540	-6,000	-14.16%	$191.09	36,369	20 May 2021	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	-6,000	-16.9%	$0	29,500	20 May 2021	Common Stock	6,000	$94.96	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.