Benkowitz Michael's Form 4 filing
United Therapeutics CorpUTHR · filed Sep 10, 2025
- Accession no.
- 0001673232-25-000003
- Filed
- Sep 10, 2025
- Trade date
- Sep 8-9, 2025
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Checked
This filing lists 16 non-derivative transactions and 4 derivative transactions. Open-market sales total $6.48M. 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 8, 2025 | Common Stock | MOption exerciseAcquired | +3,250 | $135.42 | +$440,115 | 3,250 | Indirect | |
| Sep 8, 2025 | Common Stock | SSaleDisposed | −417 | $389.81F3 | −$162,550.77 | 2,833 | Indirect | |
| Sep 8, 2025 | Common Stock | SSaleDisposed | −1,000 | $391.16F4 | −$391,160 | 1,833 | Indirect | |
| Sep 8, 2025 | Common Stock | SSaleDisposed | −1,100 | $392.18F5 | −$431,398 | 733 | Indirect | |
| Sep 8, 2025 | Common Stock | SSaleDisposed | −300 | $394.08F6 | −$118,224 | 433 | Indirect | |
| Sep 8, 2025 | Common Stock | SSaleDisposed | −233 | $395.03F7 | −$92,041.99 | 200 | Indirect | |
| Sep 8, 2025 | Common Stock | SSaleDisposed | −200 | $396.23F8 | −$79,246 | 0 | Indirect | |
| Sep 8, 2025 | Common Stock | MOption exerciseAcquired | +1,750 | $146.03 | +$255,552.5 | 1,750 | Indirect | |
| Sep 8, 2025 | Common Stock | SSaleDisposed | −500 | $390.46F10 | −$195,230 | 1,250 | Indirect | |
| Sep 8, 2025 | Common Stock | SSaleDisposed | −400 | $391.42F11 | −$156,568 | 850 | Indirect | |
| Sep 8, 2025 | Common Stock | SSaleDisposed | −400 | $392.51F12 | −$157,004 | 450 | Indirect | |
| Sep 8, 2025 | Common Stock | SSaleDisposed | −350 | $394.33F13 | −$138,015.5 | 100 | Indirect | |
| Sep 8, 2025 | Common Stock | SSaleDisposed | −100 | $396.10 | −$39,610 | 0 | Indirect | |
| Sep 9, 2025 | Common Stock | MOption exerciseAcquired | +11,375 | $397.41 | +$4,520,538.75 | 11,375 | Indirect | |
| Sep 9, 2025 | Common Stock | SSaleDisposed | −4,875 | $393.86F14 | −$1,920,067.5 | 6,500 | Indirect | |
| Sep 9, 2025 | Common Stock | SSaleDisposed | −6,500 | $400.08F15 | −$2,600,520 | 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 8, 2025 | Common Stock | MOption exerciseDisposed | −3,250 | $0.00 | $0 | 169,625 | Indirect | |
| Sep 8, 2025 | Common Stock | MOption exerciseDisposed | −1,750 | $0.00 | $0 | 24,500 | Indirect | |
| Sep 9, 2025 | Common Stock | MOption exerciseDisposed | −11,375 | $0.00 | $0 | 158,250 | Indirect | |
| Sep 9, 2025 | Common Stock | MOption exerciseDisposed | −6,125 | $0.00 | $0 | 49,000 | 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 $389.45 to $390.09. 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.
Referenced by the price of 1 transaction in Table I.
- F4
This transaction was executed in multiple trades at prices ranging from $390.76 to $391.62. 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.
Referenced by the price of 1 transaction in Table I.
- F5
This transaction was executed in multiple trades at prices ranging from $391.78 to $392.73. 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.
Referenced by the price of 1 transaction in Table I.
- F6
This transaction was executed in multiple trades at prices ranging from $393.53 to $394.52. 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.
Referenced by the price of 1 transaction in Table I.
- F7
This transaction was executed in multiple trades at prices ranging from $394.63 to $395.55. 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.
Referenced by the price of 1 transaction in Table I.
- F8
This transaction was executed in multiple trades at prices ranging from $396.22 to $396.23. 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.
Referenced by the price of 1 transaction in Table I.
- F10
This transaction was executed in multiple trades at prices ranging from $389.87 to $390.81. 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.
Referenced by the price of 1 transaction in Table I.
- F11
This transaction was executed in multiple trades at prices ranging from $391.06 to $391.83. 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.
Referenced by the price of 1 transaction in Table I.
- F12
This transaction was executed in multiple trades at prices ranging from $392.08 to $392.82. 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.
Referenced by the price of 1 transaction in Table I.
- F13
This transaction was executed in multiple trades at prices ranging from $394.03 to $394.84. 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.
Referenced by the price of 1 transaction in Table I.
- F14
This transaction was executed in multiple trades at prices ranging from $393.73 to $394.59. 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.
Referenced by the price of 1 transaction in Table I.
- F15
This transaction was executed in multiple trades at prices ranging from $400.00 to $400.51. 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.
Referenced by the price of 1 transaction in Table I.