PAUL A. MAHON - 13 Nov 2025 Form 4 Insider Report for UNITED THERAPEUTICS Corp (UTHR)

Signature
/s/ John S. Hess, Jr. under Power of Attorney
Issuer symbol
UTHR
Transactions as of
13 Nov 2025
Net transactions value
-$3,622,715
Form type
4
Filing time
13 Nov 2025, 16:33:25 UTC
Previous filing
30 Oct 2025
Next filing
26 Nov 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
MAHON PAUL A EVP & GENERAL COUNSEL C/O UNITED THERAPEUTICS CORPORATION, 1000 SPRING STREET, SILVER SPRING /s/ John S. Hess, Jr. under Power of Attorney 13 Nov 2025 0001231589

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UTHR Common Stock Options Exercise $1,489,620 +11,000 +30% $135.42 47,781 13 Nov 2025 Direct
transaction UTHR Common Stock Sale $91,278 -200 -0.42% $456.39 47,581 13 Nov 2025 Direct F1
transaction UTHR Common Stock Sale $487,024 -1,063 -2.2% $458.16 46,518 13 Nov 2025 Direct F1, F2
transaction UTHR Common Stock Sale $479,819 -1,040 -2.2% $461.36 45,478 13 Nov 2025 Direct F1, F3
transaction UTHR Common Stock Sale $453,590 -979 -2.2% $463.32 44,499 13 Nov 2025 Direct F1, F4
transaction UTHR Common Stock Sale $918,637 -1,979 -4.4% $464.19 42,520 13 Nov 2025 Direct F1, F5
transaction UTHR Common Stock Sale $361,123 -776 -1.8% $465.37 41,744 13 Nov 2025 Direct F1, F6
transaction UTHR Common Stock Sale $412,153 -884 -2.1% $466.24 40,860 13 Nov 2025 Direct F1, F7
transaction UTHR Common Stock Sale $930,992 -1,992 -4.9% $467.37 38,868 13 Nov 2025 Direct F1, F8
transaction UTHR Common Stock Sale $969,744 -2,070 -5.3% $468.48 36,798 13 Nov 2025 Direct F1, F9
transaction UTHR Common Stock Sale $7,975 -17 -0.05% $469.09 36,781 13 Nov 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 Option Options Exercise $0 -11,000 -50% $0.000000 11,000 13 Nov 2025 Common Stock 11,000 $135.42 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This is an exercise of stock options and sale of the resulting shares pursuant to a pre-arranged 10b5-1 plan entered into by the reporting person on December 24, 2024.
F2 This transaction was executed in multiple trades at prices ranging from $457.83 to $458.6475. 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 $460.84 to $461.7675. 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 $462.75 to $463.70. 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 $463.76 to $464.71. 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.
F6 This transaction was executed in multiple trades at prices ranging from $464.85 to $465.84. 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.
F7 This transaction was executed in multiple trades at prices ranging from $465.85 to $466.54. 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.
F8 This transaction was executed in multiple trades at prices ranging from $466.88 to $467.81. 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.
F9 This transaction was executed in multiple trades at prices ranging from $468.015 to $469.01. 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.