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

Role
Director
Signature
/s/ John S. Hess, Jr. under Power of Attorney
Issuer symbol
UTHR
Transactions as of
22 Dec 2025
Net transactions value
-$1,827,862
Form type
4
Filing time
23 Dec 2025, 16:33:38 UTC
Previous filing
28 Jul 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
SULLIVAN LOUIS W Director C/O UNITED THERAPEUTICS CORPORATION, 1000 SPRING STREET, SILVER SPRING /s/ John S. Hess, Jr. under Power of Attorney 23 Dec 2025 0001193522

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UTHR Common Stock Options Exercise $594,255 +3,230 $183.98 3,230 22 Dec 2025 by Trust F1
transaction UTHR Common Stock Options Exercise $625,083 +2,720 +84% $229.81 5,950 22 Dec 2025 by Trust F1
transaction UTHR Common Stock Sale $555,700 -1,087 -18% $511.22 4,863 22 Dec 2025 by Trust F1, F2
transaction UTHR Common Stock Sale $2,491,501 -4,863 -100% $512.34 0 22 Dec 2025 by Trust F1, F3
holding UTHR Common Stock 3,200 22 Dec 2025 Direct

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 -3,230 -100% $0.000000 0 22 Dec 2025 Common Stock 3,230 $183.98 By Trust F1
transaction UTHR Stock Options Options Exercise $0 -2,720 -60% $0.000000 1,840 22 Dec 2025 Common Stock 2,720 $229.81 By Trust F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are held indirectly by a trust over which the reporting person has sole investment power and sole voting power.
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.
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.