EDGEMOND JAMES 4
4 · UNITED THERAPEUTICS Corp · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
United Therapeutics (UTHR) CFO Edgemond James Exercises Options, Sells Shares
What Happened
Edgemond James, CFO and Treasurer of United Therapeutics (UTHR), exercised 10,000 stock options at a strike price of $146.03 (cost $1,460,300) on June 18, 2026 and sold 10,000 shares that same day in multiple open‑market trades for total proceeds of $5,401,489 (average sale price ≈ $540.15). The net cash proceeds after paying the exercise cost were roughly $3.94M. The Form 4 also shows an additional derivative conversion entry for 10,000 shares at $0.00 (see Key Details).
Key Details
- Transaction date: June 18, 2026. Exercise: 10,000 shares @ $146.03 (acquired) = $1,460,300. Sales: 10,000 shares sold in multiple trades for $5,401,489 (weighted average ≈ $540.15).
- Sale price range (per footnotes): roughly $533.25 to $549.17 across the various trades; several weighted‑average prices reported with accompanying footnotes.
- Reporting mechanics: Exercise and subsequent sales were reported as pursuant to a Rule 10b5-1 trading plan entered Oct 31, 2025 (Footnote F1). Multiple footnotes (F2–F14) note the sales were executed in multiple trades and provide price ranges.
- Shares owned after the transactions: not specified in the provided summary—see the full Form 4 for current holdings.
- Timeliness: no late filing indicator was provided in the information supplied.
Context
- This was an option exercise followed by immediate market sales (typical liquidity event following option exercise). Because the sale was executed under a previously established 10b5‑1 plan, it is a prearranged sale program rather than an ad hoc open‑market sale.
- For retail investors: purchases (insider buys) are often considered more informative about insider sentiment; this filing documents a routine exercise and sale tied to a trading plan and does not on its own indicate a change in insider outlook.
- For full details (exact post‑transaction holdings, any tax withholding, and the nature of the zero‑price derivative entry), consult the complete Form 4 filing (Accession No. 0001636178-26-000028).
Insider Transaction Report
Form 4
EDGEMOND JAMES
CFO AND TREASURER
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-06-18$146.03/sh+10,000$1,460,300→ 28,876 total - Sale
Common Stock
[F1][F2]2026-06-18$533.59/sh−400$213,435→ 28,476 total - Sale
Common Stock
[F1][F3]2026-06-18$534.48/sh−160$85,516→ 28,316 total - Sale
Common Stock
[F1][F4]2026-06-18$536.27/sh−210$112,617→ 28,106 total - Sale
Common Stock
[F1][F5]2026-06-18$537.24/sh−600$322,344→ 27,506 total - Sale
Common Stock
[F1][F6]2026-06-18$538.31/sh−1,440$775,163→ 26,066 total - Sale
Common Stock
[F1][F7]2026-06-18$539.42/sh−2,035$1,097,714→ 24,031 total - Sale
Common Stock
[F1][F8]2026-06-18$540.22/sh−2,978$1,608,768→ 21,053 total - Sale
Common Stock
[F1][F9]2026-06-18$541.06/sh−865$468,015→ 20,188 total - Sale
Common Stock
[F1][F10]2026-06-18$541.88/sh−192$104,042→ 19,996 total - Sale
Common Stock
[F1][F11]2026-06-18$543.53/sh−40$21,741→ 19,956 total - Sale
Common Stock
[F1]2026-06-18$545.19/sh−40$21,808→ 19,916 total - Sale
Common Stock
[F1][F12]2026-06-18$547.37/sh−265$145,053→ 19,651 total - Sale
Common Stock
[F1][F13]2026-06-18$547.81/sh−115$62,998→ 19,536 total - Sale
Common Stock
[F1][F14]2026-06-18$548.90/sh−660$362,275→ 18,876 total - Exercise/Conversion
Stock Option
[F1]2026-06-18−10,000→ 8,750 totalExercise: $146.03From: 2020-03-15Exp: 2027-03-15→ Common Stock (10,000 underlying)
Footnotes (14)
- [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 $541.82 to $542.04. 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 $543.37 to $543.56. 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 $546.69 to $547.545. 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 $547.69 to $548.37. 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.
- [F14]This transaction was executed in multiple trades at prices ranging from $548.69 to $549.17. 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.
- [F2]This transaction was executed in multiple trades at prices ranging from $533.25 to $533.66. 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 $534.39 to $534.70. 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 $535.73 to $536.58. 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 $536.76 to $537.48. 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 $537.78 to $538.77. 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 $538.78 to $539.76. 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 $539.78 to $540.75. 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 $540.78 to $541.61. 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.
Signature
/s/ John S. Hess, Jr. under Power of Attorney|2026-06-22