The insider selling is routine and immaterial relative to market cap. No actionable signal. Monitor for any upcoming earnings or news that might have prompted the option exercise, but the pattern suggests pre-planned 10b5-1 sales.
Price Chart
Executive Summary
CEO Martine Rothblatt executed a series of option exercises and open-market sales totaling ~$9.4M over July 10-13, 2026, alongside a director sale of $179K. The total cluster sales of ~$9.6M represent only 0.04% of UTHR's $22.7B market cap, making this routine and immaterial insider activity.
Key Financial Metrics
Key Facts
- CEO Rothblatt exercised 19,000 options at $135.42 and sold 17,482 shares at ~$534-548, realizing ~$9.4M in proceeds.
- Director Jan Malcolm sold 325 shares at $550.59 for $179K.
- Total cluster open-market sales: ~$9.6M, or 0.04% of market cap.
- Sales follow a typical cashless exercise pattern and are likely pre-planned under a 10b5-1 plan.
Financial Impact
CEO sold ~$9.4M in open-market sales following option exercises; total cluster sales of ~$9.6M represent 0.04% of market cap — immaterial.
Risk Factors
- No material risk from insider activity; potential for further routine sales.
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-1784102551636 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | Insider Cluster | $500.35 $497.31 | ▼ −0.61% | ▼ −2.72% | $571.38 (+14.20%) |
Sep 11, 2026 21d ago | Insider Cluster | $497.11 $494.63 | ▼ −0.50% | ▼ −0.28% | $571.38 (+14.94%) |
Sep 10, 2026 22d ago | Insider Cluster | $503.86 $497.27 | ▼ −1.31% | ▼ −0.81% | $571.38 (+13.40%) |
Sep 9, 2026 23d ago | Insider Cluster | $506.82 $498.48 | ▼ −1.65% | ▼ −0.99% | $571.38 (+12.74%) |
Sep 4, 2026 28d ago | Insider Cluster | $487.61 $502.70 | ▲ +3.09% | ▲ +4.30% | $571.38 (+17.18%) |
Sep 3, 2026 29d ago | Insider Cluster | $488.16 $497.11 | ▲ +1.83% | ▲ +2.98% | $571.38 (+17.05%) |
Aug 28, 2026 5w ago | Insider Cluster | $515.46 $487.61 | ▼ −5.40% | ▼ −5.51% | $571.38 (+10.85%) |
Aug 27, 2026 5w ago | Insider Cluster | $527.91 $492.02 | ▼ −6.80% | ▼ −6.03% | $571.38 (+8.23%) |
Aug 26, 2026 5w ago | Insider Cluster | $516.68 $492.02 | ▼ −4.77% | ▼ −4.65% | $571.38 (+10.59%) |
Aug 25, 2026 5w ago | Insider Cluster | $516.68 $492.02 | ▼ −4.77% | ▼ −4.65% | $571.38 (+10.59%) |
US Market Status
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