Benkowitz Michael's Form 4 filing
United Therapeutics Corp (UTHR) · filed Sep 17, 2025
- Accession no.
- 0001104659-25-090543
- Filed
- Sep 17, 2025
- Trade date
- Sep 15, 2025
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Checked
This filing lists 16 non-derivative transactions and 2 derivative transactions. Open-market sales total $9.01M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Benkowitz MichaelCIK 0001673232 | Officer (PRESIDENT AND COO) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 15, 2025 | Common Stock | MOption exerciseAcquired | +14,625 | $135.42 | +$1,980,517.5 | 14,625 | Indirect | |
| Sep 15, 2025 | Common Stock | SSaleDisposed | −295 | $396.95F3 | −$117,100.25 | 14,330 | Indirect | |
| Sep 15, 2025 | Common Stock | SSaleDisposed | −1,380 | $398.02F4 | −$549,267.6 | 12,950 | Indirect | |
| Sep 15, 2025 | Common Stock | SSaleDisposed | −1,415 | $399.07F5 | −$564,684.05 | 11,535 | Indirect | |
| Sep 15, 2025 | Common Stock | SSaleDisposed | −2,910 | $400.09F6 | −$1,164,261.9 | 8,625 | Indirect | |
| Sep 15, 2025 | Common Stock | SSaleDisposed | −5,103 | $400.79F7 | −$2,045,231.37 | 3,522 | Indirect | |
| Sep 15, 2025 | Common Stock | SSaleDisposed | −1,470 | $402.06F8 | −$591,028.2 | 2,052 | Indirect | |
| Sep 15, 2025 | Common Stock | SSaleDisposed | −2,052 | $403.00F9 | −$826,956 | 0 | Indirect | |
| Sep 15, 2025 | Common Stock | MOption exerciseAcquired | +7,875 | $146.03 | +$1,149,986.25 | 7,875 | Indirect | |
| Sep 15, 2025 | Common Stock | SSaleDisposed | −105 | $396.87F3 | −$41,671.35 | 7,770 | Indirect | |
| Sep 15, 2025 | Common Stock | SSaleDisposed | −820 | $397.96F11 | −$326,327.2 | 6,950 | Indirect | |
| Sep 15, 2025 | Common Stock | SSaleDisposed | −920 | $399.20F12 | −$367,264 | 6,030 | Indirect | |
| Sep 15, 2025 | Common Stock | SSaleDisposed | −2,289 | $400.24F13 | −$916,149.36 | 3,741 | Indirect | |
| Sep 15, 2025 | Common Stock | SSaleDisposed | −2,068 | $400.86F14 | −$828,978.48 | 1,673 | Indirect | |
| Sep 15, 2025 | Common Stock | SSaleDisposed | −668 | $402.12F8 | −$268,616.16 | 1,005 | Indirect | |
| Sep 15, 2025 | Common Stock | SSaleDisposed | −1,005 | $403.08F15 | −$405,095.4 | 0 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 15, 2025 | CommonStock | MOption exerciseDisposed | −14,625 | $0.00 | $0 | 143,625 | Indirect | |
| Sep 15, 2025 | CommonStock | MOption exerciseDisposed | −7,875 | $0.00 | $0 | 41,125 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F3
This transaction was executed in multiple trades at prices ranging from $396.44 to $397.34. The price reported above reflects the weighted averageprice. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full informationregarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 2 transactions in Table I.
- F4
This transaction was executed in multiple trades at prices ranging from $397.53 to $398.50. The price reported above reflects the weighted averageprice. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full informationregarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 1 transaction in Table I.
- F5
This transaction was executed in multiple trades at prices ranging from $398.54 to $399.53. The price reported above reflects the weighted averageprice. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full informationregarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 1 transaction in Table I.
- F6
This transaction was executed in multiple trades at prices ranging from $399.54 to $400.52. The price reported above reflects the weighted averageprice. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full informationregarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 1 transaction in Table I.
- F7
This transaction was executed in multiple trades at prices ranging from $400.54 to $401.39. The price reported above reflects the weighted averageprice. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full informationregarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 1 transaction in Table I.
- F8
This transaction was executed in multiple trades at prices ranging from $401.67 to $402.64. The price reported above reflects the weighted averageprice. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full informationregarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 2 transactions in Table I.
- F9
This transaction was executed in multiple trades at prices ranging from $402.73 to $403.51. The price reported above reflects the weighted averageprice. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full informationregarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 1 transaction in Table I.
- F11
This transaction was executed in multiple trades at prices ranging from $397.53 to $398.385. The price reported above reflects the weighted averageprice. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full informationregarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 1 transaction in Table I.
- F12
This transaction was executed in multiple trades at prices ranging from $398.55 to $399.54. The price reported above reflects the weighted averageprice. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full informationregarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 1 transaction in Table I.
- F13
This transaction was executed in multiple trades at prices ranging from $399.59 to $400.56. The price reported above reflects the weighted averageprice. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full informationregarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 1 transaction in Table I.
- F14
This transaction was executed in multiple trades at prices ranging from $400.62 to $401.39. The price reported above reflects the weighted averageprice. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full informationregarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 1 transaction in Table I.
- F15
This transaction was executed in multiple trades at prices ranging from $402.73 to $403.44. The price reported above reflects the weighted averageprice. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full informationregarding the number of shares and prices at which the transaction was effected.
Referenced by the price of 1 transaction in Table I.