KURZWEIL RAY

Ray Kurzweil's Form 4 record at United Therapeutics Corp spans 174 transactions since May 2004, all sales or option-related, totaling 268,430 shares with zero open-market purchases. The standout event is a single day, February 28, 2025: Kurzweil exercised 30,000 options at a $175.43 strike price (two 15,000-share tranches), then sold exactly 15,000 shares that same day across nine separate transactions, at prices ranging from $314.25 to $323.53 — a spread of roughly $139 to $148 per share captured in a single session. A year earlier, on February 23, 2024, a different combination played out: two 15,000-share option exercises (one at an $88.03 strike, one with no price recorded) alongside a 15,000-share disposition transaction (code D) at $227.03. Kurzweil's more routine activity follows an annual July pattern — small option exercises (650 or 900 shares, exercised in pairs) and stock-award grants (590 to 1,830 shares) recurring most years since at least 2023, most recently a pair of 650-share exercises on July 9, 2026. A separate, older relationship at Inforte Corp, active from April 2004 to April 2007, shows 5 transactions totaling 6,061 shares sold, with no purchases.