This insider cluster is routine and carries no material signal. The CEO's sales are mechanically tied to option exercises, not a bearish view. Monitor for any upcoming earnings or pipeline catalysts (UTHR's key drug Orenitram/Tyvaso) but this filing alone does not warrant action.
Price Chart
Executive Summary
CEO Martine Rothblatt and EVP Paul Mahon sold a combined ~$388K in open-market UTHR shares over the past week, with Rothblatt executing a large option exercise-and-sell pattern (9,500 options exercised at $135.42, then sold ~$8.9M of the resulting shares across multiple days). The CEO's total open-market sales in the cluster window exceed $9M, but the net cash from the cluster is dominated by the exercise-and-sell — a routine tax-planning move. The standalone cluster value ($388K) is trivial relative to UTHR's $22.6B market cap (<0.002%). Historical performance on UTHR reports shows negative average alpha at T+20, suggesting the market has not rewarded directional calls on this name. The filing is routine insider selling with no material signal.
Key Financial Metrics
Key Facts
- CEO Martine Rothblatt sold ~$8.9M in open-market shares over Aug 24-26, all tied to exercising 9,500 options at $135.42 (non-cash exercise) — a standard same-day exercise-and-sell pattern.
- EVP & General Counsel Paul Mahon sold 192 shares at $523.69 for ~$101K on Aug 20, a small routine sale.
- Total cluster open-market sales value is ~$388K (Rothblatt $288K + Mahon $101K), representing <0.002% of UTHR's $22.6B market cap — immaterial.
- Historical reports on UTHR have averaged -2.71% T+20 alpha vs SPY with a 0% win rate, indicating the market has not followed prior directional calls.
Financial Impact
Total open-market sales of ~$388K, negligible relative to $22.6B market cap
Risk Factors
- CEO selling large option-exercise-related positions could be misinterpreted as bearish by retail traders
- No other C-suite or board members selling — limited breadth reduces signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-UTHR-1787900599891 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | Insider Cluster | $500.35 $497.31 | ▼ −0.61% | ▼ −2.72% | $543.77 (+8.68%) |
Sep 11, 2026 21d ago | Insider Cluster | $497.11 $494.63 | ▼ −0.50% | ▼ −0.28% | $543.77 (+9.39%) |
Sep 10, 2026 22d ago | Insider Cluster | $503.86 $497.27 | ▼ −1.31% | ▼ −0.81% | $543.77 (+7.92%) |
Sep 9, 2026 23d ago | Insider Cluster | $506.82 $498.48 | ▼ −1.65% | ▼ −0.99% | $543.77 (+7.29%) |
Sep 4, 2026 28d ago | Insider Cluster | $487.61 $502.70 | ▲ +3.09% | ▲ +4.30% | $543.77 (+11.52%) |
Sep 3, 2026 29d ago | Insider Cluster | $488.16 $497.11 | ▲ +1.83% | ▲ +2.98% | $543.77 (+11.39%) |
Aug 28, 2026 5w ago | Insider Cluster | $515.46 $487.61 | ▼ −5.40% | ▼ −5.51% | $543.77 (+5.49%) |
Aug 27, 2026 5w ago | Insider Cluster | $527.91 $492.02 | ▼ −6.80% | ▼ −6.03% | $543.77 (+3.00%) |
Aug 26, 2026 5w ago | Insider Cluster | $516.68 $492.02 | ▼ −4.77% | ▼ −4.65% | $543.77 (+5.24%) |
Aug 25, 2026 5w ago | Insider Cluster | $516.68 $492.02 | ▼ −4.77% | ▼ −4.65% | $543.77 (+5.24%) |
US Market Status
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