Benkowitz Michael's Form 4 filing
United Therapeutics CorpUTHR · filed Oct 1, 2025
- Accession no.
- 0001673232-25-000005
- Filed
- Oct 1, 2025
- Trade date
- Sep 29, 2025
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Checked
This filing lists 28 non-derivative transactions and 2 derivative transactions. Open-market sales total $9.49M. 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 29, 2025 | Common Stock | MOption exerciseAcquired | +14,625 | $135.42 | +$1,980,517.5 | 14,625 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −650 | $416.60F3 | −$270,790 | 13,975 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −1,235 | $417.52F4 | −$515,637.2 | 12,740 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −690 | $418.80F5 | −$288,972 | 12,050 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −1,327 | $419.77F6 | −$557,034.79 | 10,723 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −1,971 | $420.94F7 | −$829,672.74 | 8,752 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −2,659 | $421.75F8 | −$1,121,433.25 | 6,093 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −2,073 | $422.72F9 | −$876,298.56 | 4,020 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −2,206 | $423.93F10 | −$935,189.58 | 1,814 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −674 | $424.80F11 | −$286,315.2 | 1,140 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −490 | $425.84F12 | −$208,661.6 | 650 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −489 | $428.64F13 | −$209,604.96 | 161 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −96 | $429.50F14 | −$41,232 | 65 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −65 | $430.75F15 | −$27,998.75 | 0 | Indirect | |
| Sep 29, 2025 | Common Stock | MOption exerciseAcquired | +7,875 | $146.03 | +$1,149,986.25 | 7,875 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −350 | $416.60F3 | −$145,810 | 7,525 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −665 | $417.52F17 | −$277,650.8 | 6,860 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −371 | $418.80F18 | −$155,374.8 | 6,489 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −715 | $419.77F19 | −$300,135.55 | 5,774 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −1,062 | $420.94F20 | −$447,038.28 | 4,712 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −1,432 | $421.75F21 | −$603,946 | 3,280 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −1,116 | $422.72F22 | −$471,755.52 | 2,164 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −1,187 | $423.93F23 | −$503,204.91 | 977 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −363 | $424.80F24 | −$154,202.4 | 614 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −264 | $425.84F25 | −$112,421.76 | 360 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −264 | $428.64F26 | −$113,160.96 | 96 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −51 | $429.50F27 | −$21,904.5 | 35 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −35 | $430.75F28 | −$15,076.25 | 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 29, 2025 | Common Stock | MOption exerciseDisposed | −14,625 | $0.00 | $0 | 114,375 | Indirect | |
| Sep 29, 2025 | Common Stock | MOption exerciseDisposed | −7,875 | $0.00 | $0 | 25,375 | 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 $416.02 to $416.91. 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 2 transactions in Table I.
- F4
This transaction was executed in multiple trades at prices ranging from $417.08 to $418.07. 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 $418.15 to $419.10. 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 $419.32 to $420.31. 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 $420.32 to $421.31. 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 $421.32 to $422.28. 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.
- F9
This transaction was executed in multiple trades at prices ranging from $422.33 to $423.24. 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 $423.42 to $424.40. 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.
Referenced by the price of 1 transaction in Table I.
- F11
This transaction was executed in multiple trades at prices ranging from $424.42 to $425.19. 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 $425.73 to $426.37. 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 $428.34 to $429.17. 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 $429.45 to $429.61. 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 $430.60 to $430.86. 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.
Referenced by the price of 1 transaction in Table I.
- F17
This transaction was executed in multiple trades at prices ranging from $417.08 to $418.07. 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.
- F18
This transaction was executed in multiple trades at prices ranging from $418.15 to $419.10. 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.
- F19
This transaction was executed in multiple trades at prices ranging from $419.32 to $420.31. 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.
- F20
This transaction was executed in multiple trades at prices ranging from $420.32 to $421.31. 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.
- F21
This transaction was executed in multiple trades at prices ranging from $421.32 to $422.28. 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.
- F22
This transaction was executed in multiple trades at prices ranging from $422.33 to $423.24. 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.
- F23
This transaction was executed in multiple trades at prices ranging from $423.42 to $424.40. 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.
Referenced by the price of 1 transaction in Table I.
- F24
This transaction was executed in multiple trades at prices ranging from $424.42 to $425.19. 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.
- F25
This transaction was executed in multiple trades at prices ranging from $425.73 to $426.37. 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.
- F26
This transaction was executed in multiple trades at prices ranging from $428.34 to $429.17. 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.
- F27
This transaction was executed in multiple trades at prices ranging from $429.45 to $429.61. 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.
- F28
This transaction was executed in multiple trades at prices ranging from $430.60 to $430.86. 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.
Referenced by the price of 1 transaction in Table I.