The CEO's $864K open-market purchase signals personal conviction, but the offsetting $844K sale and trivial sales by the CFO/GC are consistent with share-to-cover and routine 10b5-1 plans. No material insider information signal. Monitor upcoming earnings for fundamental read-throughs rather than this cluster.
Price Chart
Executive Summary
The CEO made an open-market purchase of $864K alongside net open-market sales of ~$870K by the CEO, CFO, and General Counsel over the same week. The CEO also exercised options and gifted shares. The CFO and General Counsel sold only token amounts ($14K and $61K respectively), strongly suggesting liquidity/plan-driven activity rather than a coordinated bearish signal. The insider sale total ($919K) represents ~0.004% of UTHR’s $24.2B market cap — far below materiality thresholds.
Key Financial Metrics
Key Facts
- CEO Martine Rothblatt purchased 1,500 shares at $575.96 for $864K on 2026-05-26
- CEO sold 1,479 shares at $570.81 for $844K on 2026-05-27 (likely share-to-cover on option exercise)
- Total open-market sales across all insiders: ~$919K, or ~0.004% of market cap
- CFO Edgemond sold only 25 shares ($14K); General Counsel Mahon sold 110 shares ($61K) — both trivial
- Cluster includes multiple option exercises and gifts by the CEO — non-cash events with no economic impact
Financial Impact
Total insider selling of $919K is negligible against a $24.2B market cap — less than 0.01%
Risk Factors
- Sell-to-cover option exercises could mechanically increase selling pressure each quarter if the pattern repeats
- CEO's gift of ~11K shares may suggest estate planning ahead of a liquidity event
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-1780000471942 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | Insider Cluster | $500.35 $497.31 | ▼ −0.61% | ▼ −2.72% | $541.70 (+8.26%) |
Sep 11, 2026 21d ago | Insider Cluster | $497.11 $494.63 | ▼ −0.50% | ▼ −0.28% | $541.70 (+8.97%) |
Sep 10, 2026 22d ago | Insider Cluster | $503.86 $497.27 | ▼ −1.31% | ▼ −0.81% | $541.70 (+7.51%) |
Sep 9, 2026 23d ago | Insider Cluster | $506.82 $498.48 | ▼ −1.65% | ▼ −0.99% | $541.70 (+6.88%) |
Sep 4, 2026 28d ago | Insider Cluster | $487.61 $502.70 | ▲ +3.09% | ▲ +4.30% | $541.70 (+11.09%) |
Sep 3, 2026 29d ago | Insider Cluster | $488.16 $497.11 | ▲ +1.83% | ▲ +2.98% | $541.70 (+10.97%) |
Aug 28, 2026 5w ago | Insider Cluster | $515.46 $487.61 | ▼ −5.40% | ▼ −5.51% | $541.70 (+5.09%) |
Aug 27, 2026 5w ago | Insider Cluster | $527.91 $492.02 | ▼ −6.80% | ▼ −6.03% | $541.70 (+2.61%) |
Aug 26, 2026 5w ago | Insider Cluster | $516.68 $492.02 | ▼ −4.77% | ▼ −4.65% | $541.70 (+4.84%) |
Aug 25, 2026 5w ago | Insider Cluster | $516.68 $492.02 | ▼ −4.77% | ▼ −4.65% | $541.70 (+4.84%) |
US Market Status
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