Insider sales are routine option-exercise tax-withholding transactions. Do not read bearish signal. Monitor upcoming quarterly earnings (likely August 2026) for pipeline progress on Tyvaso and any clinical data readouts — those are the material catalysts for UTHR, not this cluster.
Price Chart
Executive Summary
CEO Martine Rothblatt and CFO James Edgemond sold a combined ~$1.41M in UTHR shares over five trading days, entirely from exercised options. These are routine same-day stock-for-tax sales (cashless exercises) — not open-market liquidation of unrestricted shares. At 0.006% of UTHR's $22.9B market cap, the dollar value is trivial and carries no informational signal. Multiple past neutral-scored UTHR reports have negative T+20 alpha (historical win rate 17%), consistent with the model underperforming on this name. The cross-filing actuarial verdicts show near-uniform amplification for this combo type, but the standalone economics of these sales are too small to warrant an impact override.
Key Financial Metrics
Key Facts
- CEO Martine Rothblatt sold 2,820 shares total at ~$535-562 over 3 trading days, all from option exercises at exercises at $0 and $146.03 per share.
- CFO James Edgemond sold 3,200 shares total at ~$545-561 over 2 trading days, all from option exercises at exercises at $0 and $117.76 per share.
- Total open-market sale proceeds: ~$2.5M (includes proceeds from shares sold same-day as option exercise). Net cash received by insiders after strike costs: ~$1.41M.
- All sales are same-day sale-to-cover transactions from option exercise — routine tax-withholding pattern, not discretionary portfolio liquidation.
- Total sale value is 0.006% of UTHR's $22.9B market cap — economically trivial.
- Historical UTHR reports show a T+20 win rate of 17% and average negative alpha of -6.51%, suggesting prior scoring patterns have underperformed on this name.
- The SCORE CALIBRATION block does not apply (scores 2-4 neutral filings have no conditional-p metric in this segment).
Financial Impact
Total open-market sales proceeds of ~$1.41M (net of strike costs) — 0.006% of market cap. Trivial.
Risk Factors
- The historical T+20 alpha for UTHR neutral-rated reports is -6.51% — this stock has underperformed model expectations systematically, but the signal has been from event timing and forward guidance, not insider sales.
- CEO Rothblatt sold shares at an average of ~$545, near 52-week highs — but the pattern is consistent with her regular option-exercise cadence.
- No open-market purchases alongside these sales to offset selling 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-1780518915452 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | Insider Cluster | $500.35 $497.31 | ▼ −0.61% | ▼ −2.72% | $573.51 (+14.62%) |
Sep 11, 2026 21d ago | Insider Cluster | $497.11 $494.63 | ▼ −0.50% | ▼ −0.28% | $573.51 (+15.37%) |
Sep 10, 2026 22d ago | Insider Cluster | $503.86 $497.27 | ▼ −1.31% | ▼ −0.81% | $573.51 (+13.82%) |
Sep 9, 2026 23d ago | Insider Cluster | $506.82 $498.48 | ▼ −1.65% | ▼ −0.99% | $573.51 (+13.16%) |
Sep 4, 2026 28d ago | Insider Cluster | $487.61 $502.70 | ▲ +3.09% | ▲ +4.30% | $573.51 (+17.62%) |
Sep 3, 2026 29d ago | Insider Cluster | $488.16 $497.11 | ▲ +1.83% | ▲ +2.98% | $573.51 (+17.48%) |
Aug 28, 2026 5w ago | Insider Cluster | $515.46 $487.61 | ▼ −5.40% | ▼ −5.51% | $573.51 (+11.26%) |
Aug 27, 2026 5w ago | Insider Cluster | $527.91 $492.02 | ▼ −6.80% | ▼ −6.03% | $573.51 (+8.64%) |
Aug 26, 2026 5w ago | Insider Cluster | $516.68 $492.02 | ▼ −4.77% | ▼ −4.65% | $573.51 (+11.00%) |
Aug 25, 2026 5w ago | Insider Cluster | $516.68 $492.02 | ▼ −4.77% | ▼ −4.65% | $573.51 (+11.00%) |
US Market Status
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