BENKOWITZ MICHAEL (PRESIDENT AND COO) sold 30.38K shares of UNITED THERAPEUTICS CORP on the open market

Open‑market sale worth $14.28M. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 16 sales

BENKOWITZ MICHAEL

Filed: 1/28/2026ACC: 0001673232-26-000007

InsiderBENKOWITZ MICHAELCIK 1673232

→

IssuerUNITED THERAPEUTICS CORPCIK 1082554

Officer· PRESIDENT AND COO

Since Mar 2023

-30.38K

Net shares

Net seller

$14.28M

Total sold

Open market trades

0B · 16S

Total transactions

30.38K acquired · 60.75K disposed

Non-Derivative Transactions19

Common Stock

Indirect

M · Option Exercise

+7.88K

Price / share

$146.03

Trade value

$1.15M

% of position

New position

1/20/2026

0.00→7.88K

Common Stock

Indirect

S · Sale

−63.00

Price / share

$456.87

Trade value

$28.78K

% of position

0.8%

1/20/2026

7.88K→7.81K

Common Stock

Indirect

S · Sale

−372.00

Price / share

$457.92

Trade value

$170.35K

% of position

4.8%

1/20/2026

7.81K→7.44K

Common Stock

Indirect

S · Sale

−377.00

Price / share

$458.74

Trade value

$172.94K

% of position

5.1%

1/20/2026

7.44K→7.06K

Common Stock

Indirect

S · Sale

−268.00

Price / share

$459.86

Trade value

$123.24K

% of position

3.8%

1/20/2026

7.06K→6.79K

Common Stock

Indirect

S · Sale

−271.00

Price / share

$461.12

Trade value

$124.96K

% of position

4.0%

1/20/2026

6.79K→6.52K

Common Stock

Indirect

S · Sale

−1.32K

Price / share

$463.26

Trade value

$612.43K

% of position

20.3%

1/20/2026

6.52K→5.20K

Common Stock

Indirect

S · Sale

−1.23K

Price / share

$464.06

Trade value

$568.47K

% of position

23.5%

1/20/2026

5.20K→3.98K

Common Stock

Indirect

S · Sale

−966.00

Price / share

$465.11

Trade value

$449.30K

% of position

24.3%

1/20/2026

3.98K→3.01K

Common Stock

Indirect

S · Sale

−568.00

Price / share

$466.06

Trade value

$264.72K

% of position

18.9%

1/20/2026

3.01K→2.44K

Common Stock

Indirect

S · Sale

−321.00

Price / share

$467.09

Trade value

$149.94K

% of position

13.1%

1/20/2026

2.44K→2.12K

Common Stock

Indirect

S · Sale

−1.57K

Price / share

$468.12

Trade value

$736.35K

% of position

74.1%

1/20/2026

2.12K→549.00

Common Stock

Indirect

S · Sale

−451.00

Price / share

$469.18

Trade value

$211.60K

% of position

82.1%

1/20/2026

549.00→98.00

Common Stock

Indirect

S · Sale

−84.00

Price / share

$470.37

Trade value

$39.51K

% of position

85.7%

1/20/2026

98.00→14.00

Common Stock

Indirect

S · Sale

−14.00

Price / share

$470.75

Trade value

$6.59K

% of position

New position

1/20/2026

14.00→0.00

Common Stock

Indirect

M · Option Exercise

+14.63K

Price / share

$117.76

Trade value

$1.72M

% of position

New position

1/26/2026

0.00→14.63K

Common Stock

Indirect

S · Sale

−14.63K

Price / share

$471.91

Trade value

$6.90M

% of position

New position

1/26/2026

14.63K→0.00

Common Stock

Indirect

M · Option Exercise

+7.88K

Price / share

$146.03

Trade value

$1.15M

% of position

New position

1/26/2026

0.00→7.88K

Common Stock

Indirect

S · Sale

−7.88K

Price / share

$471.91

Trade value

$3.72M

% of position

New position

1/26/2026

7.88K→0.00

Total

Net shares

+0.00

Net value

-$10.25M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Indirect	1/20/2026	M · Option Exercise	+7.88K	$146.03	$1.15M	New position	0.00	7.88K
Common Stock Indirect	1/20/2026	S · Sale	−63.00	$456.87	$28.78K	0.8%	7.88K	7.81K
Common Stock Indirect	1/20/2026	S · Sale	−372.00	$457.92	$170.35K	4.8%	7.81K	7.44K
Common Stock Indirect	1/20/2026	S · Sale	−377.00	$458.74	$172.94K	5.1%	7.44K	7.06K
Common Stock Indirect	1/20/2026	S · Sale	−268.00	$459.86	$123.24K	3.8%	7.06K	6.79K
Common Stock Indirect	1/20/2026	S · Sale	−271.00	$461.12	$124.96K	4.0%	6.79K	6.52K
Common Stock Indirect	1/20/2026	S · Sale	−1.32K	$463.26	$612.43K	20.3%	6.52K	5.20K
Common Stock Indirect	1/20/2026	S · Sale	−1.23K	$464.06	$568.47K	23.5%	5.20K	3.98K
Common Stock Indirect	1/20/2026	S · Sale	−966.00	$465.11	$449.30K	24.3%	3.98K	3.01K
Common Stock Indirect	1/20/2026	S · Sale	−568.00	$466.06	$264.72K	18.9%	3.01K	2.44K
Common Stock Indirect	1/20/2026	S · Sale	−321.00	$467.09	$149.94K	13.1%	2.44K	2.12K
Common Stock Indirect	1/20/2026	S · Sale	−1.57K	$468.12	$736.35K	74.1%	2.12K	549.00
Common Stock Indirect	1/20/2026	S · Sale	−451.00	$469.18	$211.60K	82.1%	549.00	98.00
Common Stock Indirect	1/20/2026	S · Sale	−84.00	$470.37	$39.51K	85.7%	98.00	14.00
Common Stock Indirect	1/20/2026	S · Sale	−14.00	$470.75	$6.59K	New position	14.00	0.00
Common Stock Indirect	1/26/2026	M · Option Exercise	+14.63K	$117.76	$1.72M	New position	0.00	14.63K
Common Stock Indirect	1/26/2026	S · Sale	−14.63K	$471.91	$6.90M	New position	14.63K	0.00
Common Stock Indirect	1/26/2026	M · Option Exercise	+7.88K	$146.03	$1.15M	New position	0.00	7.88K
Common Stock Indirect	1/26/2026	S · Sale	−7.88K	$471.91	$3.72M	New position	7.88K	0.00
Total			+0.00		-$10.25M

Derivative Transactions3

Stock Options

Indirect

M · Option Exercise

Converts to

Common Stock

7.88K shares

−7.88K

Strike price

146.03

Held after

36.56K

Exercisable

—

1/20/2026

Stock Options

Indirect

M · Option Exercise

Converts to

Common Stock

14.63K shares

−14.63K

Strike price

117.76

Held after

53.25K

Exercisable

—

1/26/2026

Stock Options

Indirect

M · Option Exercise

Converts to

Common Stock

7.88K shares

−7.88K

Strike price

146.03

Held after

28.69K

Exercisable

—

1/26/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Options Indirect	Common Stock7.88K shares	1/20/2026	M · Option Exercise	−7.88K	146.03	—	36.56K
Stock Options Indirect	Common Stock14.63K shares	1/26/2026	M · Option Exercise	−14.63K	117.76	—	53.25K
Stock Options Indirect	Common Stock7.88K shares	1/26/2026	M · Option Exercise	−7.88K	146.03	—	28.69K

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Direct

Shares owned2.65K

Total

2.65K direct2.65K

Security Title	Shares Owned	Ownership Type
Common Stock	2.65K	Direct
Total	2.65K	2.65K direct

Derivative Holdings (Post-Transaction)0

No derivative holdings reported