Insider Trading April 13, 2026 04:43 PM

United Therapeutics CEO Executes $5.4M Stock Sale, Exercises Options Under 10b5-1 Plan

Martine Rothblatt sold 9,490 shares and exercised 9,500 options as the stock trades near its 52-week high amid positive clinical and analyst developments

By Ajmal Hussain UTHR
United Therapeutics CEO Executes $5.4M Stock Sale, Exercises Options Under 10b5-1 Plan
UTHR

Martine Rothblatt, Chairperson and CEO of United Therapeutics (UTHR), sold roughly $5.4 million of company stock on April 10, 2026, while also exercising stock options. The transactions were carried out under a 10b5-1 trading plan put in place in November 2025. The moves come as the stock trades close to its 52-week high and after a year of significant gains, with concurrent regulatory and analyst updates supporting the company’s clinical programs.

Key Points

  • Martine Rothblatt sold 9,490 shares of United Therapeutics common stock on April 10, 2026 for about $5.4 million, at prices ranging from $567.2438 to $573.0088.
  • Rothblatt also exercised options for 9,500 shares at $146.03, totaling $1387285, under a 10b5-1 trading plan adopted on November 7, 2025.
  • United Therapeutics is trading near its 52-week high of $607.89 after a 103% year-over-year gain; the company reports a market capitalization of $25.35 billion and a gross profit margin of 87.92%.

Martine Rothblatt, who serves as Chairperson and Chief Executive Officer of United Therapeutics (NASDAQ: UTHR), completed a block of stock sales on April 10, 2026 that amounted to approximately $5.4 million. The sales consisted of 9,490 shares of common stock executed at prices between $567.2438 and $573.0088.

The share sales coincided with United Therapeutics trading near its 52-week peak of $607.89, following a 103% increase in the company’s share price over the preceding 12 months. An InvestingPro analysis included with the company data indicates the stock currently appears overvalued relative to its Fair Value.

In connection with the same set of transactions, Rothblatt also exercised stock options covering 9,500 shares of United Therapeutics common stock at an exercise price of $146.03, resulting in proceeds of $1387285 tied to that exercise.

All of these moves were executed under a pre-arranged 10b5-1 trading plan that Rothblatt adopted on November 7, 2025. The plan is structured to remain in force until one of two conditions is met - either until 1,734,410 stock options are exercised (all of which expire on March 17, 2027) or until December 31, 2026.

After the April 10 transactions, Rothblatt holds 40,513 shares of United Therapeutics directly. The public profile for the company shows a market capitalization of $25.35 billion and a reported gross profit margin of 87.92%. The company’s filings also indicate Rothblatt has indirect holdings through ownership by spouse, by Trust.


Separately, United Therapeutics has reported a number of material corporate and clinical developments in recent weeks. The U.S. Food and Drug Administration granted Regenerative Medicine Advanced Therapy designation to miroliverELAP, an investigational liver assist device aimed at supporting patients with acute liver failure.

Analyst activity has been notable as well. Raymond James initiated coverage on United Therapeutics with an Outperform rating and a $700 price target, citing the potential for Tyvaso to achieve peak sales of over $5 billion in idiopathic pulmonary fibrosis (IPF). H.C. Wainwright lifted its price target to $660 and maintained a Buy rating, referencing encouraging TETON-1 trial data for Tyvaso in IPF. Bank of America Securities raised its target to $626 while keeping a Neutral rating, pointing to positive Phase 3 trial results. Jefferies moved its price objective to $733, held a Buy rating, and updated probability of success assumptions to 95% for Tyvaso’s IPF indication and 70% for progressive pulmonary fibrosis based on recent trial outcomes.

Collectively, the insider transactions and the recent regulatory and analyst actions form the latest set of disclosures that market participants can use to assess United Therapeutics’ position as the company advances its clinical programs and commercial expectations.

Risks

  • Valuation risk - InvestingPro analysis indicates UTHR currently appears overvalued relative to its Fair Value, which may affect investor expectations and share price performance - impacts equity markets and healthcare investors.
  • Execution and timeline risk - The 10b5-1 plan remains active through December 31, 2026 unless 1,734,410 options are exercised, creating potential for further scheduled insider transactions - impacts market liquidity and trading dynamics for UTHR shares.
  • Clinical and commercial uncertainty - While several analysts have raised price targets following recent trial data, the ultimate commercial outcomes for therapies such as Tyvaso in IPF remain subject to ongoing clinical and regulatory developments - impacts biotechnology and pharmaceutical investors.

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