Benkowitz Michael's Form 4 filing
United Therapeutics CorpUTHR · filed Nov 4, 2025
- Accession no.
- 0001673232-25-000010
- Filed
- Nov 4, 2025
- Trade date
- Nov 3, 2025
- Filing delay
- 1 day
- Rule 10b5-1 plan
- Checked
This filing lists 13 non-derivative transactions and 2 derivative transactions. Open-market sales total $9.66M. It was filed 1 day 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 |
|---|---|---|---|---|---|---|---|---|
| Nov 3, 2025 | Common Stock | MOption exerciseAcquired | +14,625 | $135.42 | +$1,980,517.5 | 14,625 | Indirect | |
| Nov 3, 2025 | Common Stock | SSaleDisposed | −964 | $432.55F3 | −$416,978.2 | 13,661 | Indirect | |
| Nov 3, 2025 | Common Stock | SSaleDisposed | −2,687 | $433.52F4 | −$1,164,868.24 | 10,974 | Indirect | |
| Nov 3, 2025 | Common Stock | SSaleDisposed | −2,918 | $434.68F5 | −$1,268,396.24 | 8,056 | Indirect | |
| Nov 3, 2025 | Common Stock | SSaleDisposed | −3,204 | $435.52F6 | −$1,395,406.08 | 4,852 | Indirect | |
| Nov 3, 2025 | Common Stock | SSaleDisposed | −2,121 | $436.45F7 | −$925,710.45 | 2,731 | Indirect | |
| Nov 3, 2025 | Common Stock | SSaleDisposed | −890 | $437.70F8 | −$389,553 | 1,841 | Indirect | |
| Nov 3, 2025 | Common Stock | SSaleDisposed | −585 | $438.34F9 | −$256,428.9 | 1,256 | Indirect | |
| Nov 3, 2025 | Common Stock | SSaleDisposed | −575 | $439.35F10 | −$252,626.25 | 681 | Indirect | |
| Nov 3, 2025 | Common Stock | SSaleDisposed | −511 | $440.71F11 | −$225,202.81 | 170 | Indirect | |
| Nov 3, 2025 | Common Stock | SSaleDisposed | −170 | $441.94F12 | −$75,129.8 | 0 | Indirect | |
| Nov 3, 2025 | Common Stock | MOption exerciseAcquired | +7,875 | $146.03 | +$1,149,986.25 | 7,875 | Indirect | |
| Nov 3, 2025 | Common Stock | SSaleDisposed | −7,875 | $417.50 | −$3,287,812.5 | 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 |
|---|---|---|---|---|---|---|---|---|
| Nov 3, 2025 | Common Stock | MOption exerciseDisposed | −14,625 | $0.00 | $0 | 41,250 | Indirect | |
| Nov 3, 2025 | Common Stock | MOption exerciseDisposed | −10,500 | $0.00 | $0 | 10,500 | 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 $432.02 to $433.01. 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.
Referenced by the price of 1 transaction in Table I.
- F4
This transaction was executed in multiple trades at prices ranging from $433.02 to $434.00. 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 $434.07 to $435.06. 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 $435.07 to $436.05. 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 $436.09 to $437.02. 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 $437.11 to $438.07. 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.
- F9
This transaction was executed in multiple trades at prices ranging from $438.14 to $439.01. 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.
Referenced by the price of 1 transaction in Table I.
- F10
This transaction was executed in multiple trades at prices ranging from $439.17 to $440.00. 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 $440.27 to $441.24. 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.
- F12
This transaction was executed in multiple trades at prices ranging from $441.33 to $442.31. 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.