PAUL A. MAHON - 02 Dec 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: 02 Dec 2021
Transactions value $: $-470,140
Form type: 4
Filing time: 02 Dec 2021, 15:30:54 UTC
Previous filing: 18 Nov 2021
Next filing: 17 Dec 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	$666,000	+6,000	+16.5%	$111.00	42,369	02 Dec 2021	Direct	F1
transaction	UTHR	Common Stock	Sale	$-206,233	-1,100	-2.6%	$187.48	41,269	02 Dec 2021	Direct	F1, F2
transaction	UTHR	Common Stock	Sale	$-238,491	-1,262	-3.06%	$188.98	40,007	02 Dec 2021	Direct	F1, F3
transaction	UTHR	Common Stock	Sale	$-524,660	-2,764	-6.91%	$189.82	37,243	02 Dec 2021	Direct	F1, F4
transaction	UTHR	Common Stock	Sale	$-166,756	-874	-2.35%	$190.80	36,369	02 Dec 2021	Direct	F1, F5

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	Stock Options	Options Exercise	$0	-6,000	-13.2%	$0.000000	39,458	02 Dec 2021	Common Stock	6,000	$111.00	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 stock options and subsequent sale of shares was pursuant to a Rule 10b5-1 trading plan entered into by the reporting person.
F2	This transaction was executed in multiple trades at prices ranging from $187.19 to $187.86. 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.
F3	This transaction was executed in multiple trades at prices ranging from $188.48 to $189.47. 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.
F4	This transaction was executed in multiple trades at prices ranging from $189.48 to $190.40. 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.
F5	This transaction was executed in multiple trades at prices ranging from $190.49 to $191.025. 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.