This insider selling cluster is routine in size and pattern. No bearish signal — the sales are likely part of pre-planned 10b5-1 programs or tax-related diversification. Monitor for any upcoming corporate events (earnings, pipeline updates) that could provide context, but the cluster itself does not warrant action.
Price Chart
Executive Summary
CEO Martine Rothblatt and EVP/General Counsel Paul Mahon sold a combined ~$5.8M in open-market shares over two days, primarily following option exercises. At $21.1B market cap, this represents just 0.03% of equity — a trivial amount. The sales are consistent with routine diversification and tax planning, not a bearish signal.
Key Financial Metrics
Key Facts
- CEO Rothblatt sold ~$1.8M in open-market shares on Sep 2, 2026 after exercising 9,500 options (non-cash).
- EVP Mahon sold ~$4.0M in open-market shares on Sep 3, 2026 after exercising 8,300 options (non-cash).
- Total open-market sales of ~$5.8M equal 0.027% of UTHR's $21.1B market cap.
- Both insiders exercised derivatives at $0 cost basis, then sold shares — a common pattern for tax withholding and diversification.
Financial Impact
Total open-market sales of ~$5.8M, negligible relative to $21.1B market cap.
Risk Factors
- Insider selling could accelerate if the stock continues to trade near all-time highs.
- No other cross-filings (earnings, press releases, agreements) are present to amplify the 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-1788505484043 |
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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