EDGEMOND JAMES 4
4 · UNITED THERAPEUTICS Corp · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
United Therapeutics (UTHR) CFO James Edgemond Exercises Options, Sells 10,000
What Happened
James Edgemond, CFO and Treasurer of United Therapeutics (UTHR), exercised 10,000 stock options on 2026-03-23 at an exercise price of $135.42 (cost = $1,354,200) and sold 10,000 shares in multiple open-market trades the same day for aggregate proceeds of approximately $5,274,802 (weighted average sale price ≈ $527.48). The transactions appear to be linked: the exercised shares were sold under a Rule 10b5-1 trading plan entered into October 31, 2025. Net cash before taxes and fees (proceeds minus exercise cost) was roughly $3.92M.
Key Details
- Transaction date: 2026-03-23; Form 4 filed 2026-03-24 (timely filing).
- Options exercised: 10,000 shares at $135.42 = $1,354,200 (code M).
- Shares sold: 10,000 shares in many trades (codes S) for total proceeds ≈ $5,274,802; weighted avg sale ≈ $527.48.
- Multiple-sale footnotes: several sales executed in multiple trades with price ranges; the reported prices are weighted averages and the filer offers to provide full trade-by-trade details on request (see F2–F18).
- 10b5-1 plan: sales were pursuant to a pre-established Rule 10b5-1 trading plan (footnote F1).
- Shares owned after transaction: not specified in the provided excerpt — see the full Form 4 for post-transaction holdings.
- A separate derivative line shows a 10,000-share entry at $0.00 (reported as a derivative disposition); consult the full filing for details.
Context
This was an option exercise followed by same-day open-market sales under a 10b5-1 plan — effectively a cash-generating (not an accumulation) transaction. Sales conducted via a 10b5-1 plan are typically pre-scheduled and are generally considered more routine than opportunistic insider trading; purchases (not present here) usually carry stronger signals of insider conviction. Transaction codes: M = option exercise/conversion, S = sale.
Insider Transaction Report
Form 4
EDGEMOND JAMES
CFO AND TREASURER
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-23$135.42/sh+10,000$1,354,200→ 28,876 total - Sale
Common Stock
[F1][F2]2026-03-23$518.28/sh−200$103,657→ 28,676 total - Sale
Common Stock
[F1][F3]2026-03-23$519.30/sh−640$332,354→ 28,036 total - Sale
Common Stock
[F1][F4]2026-03-23$520.62/sh−875$455,539→ 27,161 total - Sale
Common Stock
[F1][F5]2026-03-23$521.47/sh−905$471,927→ 26,256 total - Sale
Common Stock
[F1][F6]2026-03-23$522.36/sh−200$104,473→ 26,056 total - Sale
Common Stock
[F1][F7]2026-03-23$524.20/sh−440$230,648→ 25,616 total - Sale
Common Stock
[F1][F8]2026-03-23$525.37/sh−320$168,118→ 25,296 total - Sale
Common Stock
[F1][F9]2026-03-23$526.57/sh−520$273,818→ 24,776 total - Sale
Common Stock
[F1][F10]2026-03-23$527.49/sh−80$42,199→ 24,696 total - Sale
Common Stock
[F1][F11]2026-03-23$529.04/sh−2,620$1,386,093→ 22,076 total - Sale
Common Stock
[F1][F12]2026-03-23$530.64/sh−577$306,177→ 21,499 total - Sale
Common Stock
[F1][F13]2026-03-23$531.49/sh−587$311,985→ 20,912 total - Sale
Common Stock
[F1][F14]2026-03-23$532.59/sh−288$153,387→ 20,624 total - Sale
Common Stock
[F1][F15]2026-03-23$533.60/sh−642$342,569→ 19,982 total - Sale
Common Stock
[F1][F16]2026-03-23$534.60/sh−506$270,506→ 19,476 total - Sale
Common Stock
[F1][F17]2026-03-23$535.34/sh−440$235,548→ 19,036 total - Sale
Common Stock
[F1][F18]2026-03-23$536.27/sh−160$85,804→ 18,876 total - Exercise/Conversion
Stock Option
2026-03-23−10,000→ 152,500 totalExercise: $135.42From: 2023-03-15Exp: 2027-03-15→ Common Stock (10,000 underlying)
Footnotes (18)
- [F1]This exercise of stock options and subsequent sale of shares was pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on October 31, 2025.
- [F10]This transaction was executed in multiple trades at prices ranging from $527.13 to $528.02. 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.
- [F11]This transaction was executed in multiple trades at prices ranging from $529.02 to $530.00. 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.
- [F12]This transaction was executed in multiple trades at prices ranging from $530.05 to $530.95. 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.
- [F13]This transaction was executed in multiple trades at prices ranging from $531.08 to $532.07. 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.
- [F14]This transaction was executed in multiple trades at prices ranging from $532.09 to $533.07. 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.
- [F15]This transaction was executed in multiple trades at prices ranging from $533.09 to $534.06. 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.
- [F16]This transaction was executed in multiple trades at prices ranging from $534.12 to $535.11. 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.
- [F17]This transaction was executed in multiple trades at prices ranging from $535.14 to $536.12. 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.
- [F18]This transaction was executed in multiple trades at prices ranging from $536.15 to $536.37. 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.
- [F2]This transaction was executed in multiple trades at prices ranging from $517.82 to $518.62. 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.
- [F3]This transaction was executed in multiple trades at prices ranging from $518.89 to $519.88. 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 $519.98 to $520.92. 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 $520.99 to $521.94. 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 $522.04 to $522.98. 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 $523.85 to $524.50. 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 $524.98 to $525.93. 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 $526.09 to $526.92. 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.
Signature
/s/ John S. Hess, Jr. under Power of Attorney|2026-03-23