MICHAEL BENKOWITZ - 19 Aug 2021 Form 4 Insider Report for UNITED THERAPEUTICS Corp (UTHR)

Role: President and COO
Signature: /s/ John S. Hess, Jr. under Power of Attorney
Issuer symbol: UTHR
Transactions as of: 19 Aug 2021
Net transactions value: -$588,880
Form type: 4
Filing time: 20 Aug 2021, 16:31:08 UTC
Previous filing: 18 Aug 2021
Next filing: 24 Aug 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	$215,320	+4,000	+179%	$53.83^*	6,235	19 Aug 2021	Direct	F1
transaction	UTHR	Common Stock	Disposed to Issuer	$804,200	-4,000	-64%	$201.05	2,235	19 Aug 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	-4,000	-4.8%	$0.000000	80,000	19 Aug 2021	Common Stock	4,000	$53.83	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.