Gary Charles Robb - 30 Aug 2021 Form 4 Insider Report for CORCEPT THERAPEUTICS INC (CORT)

Role
Chief Business Officer
Signature
/s/ Gary Charles Robb
Issuer symbol
CORT
Transactions as of
30 Aug 2021
Net transactions value
-$1,342,596
Form type
4
Filing time
01 Sep 2021, 17:36:39 UTC
Next filing
15 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CORT Common Stock Options Exercise $400,000 +148,148 +196% $2.70* 223,786 30 Aug 2021 Direct
transaction CORT Common Stock Tax liability $1,742,595 -80,938 -36% $21.53 142,848 30 Aug 2021 Direct F1
holding CORT Common Stock 4,564 30 Aug 2021 Custodial account for child F2
holding CORT Common Stock 4,564 30 Aug 2021 Custodial account for child F2
holding CORT Common Stock 4,564 30 Aug 2021 Custodial account for child F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CORT Stock Option (Right to Buy) Options Exercise $0 -148,148 -100% $0.000000* 0 30 Aug 2021 Common Stock 148,148 $2.70 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were withheld so the Reporting Person could satisfy the exercise price and tax withholding obligations arising from a net (cashless) exercise of stock options that occurred on August 30, 2021. The options subject to the net exercise expired on September 1, 2021.
F2 These shares are held by a child of the reporting person through a custodial account under the Uniform Transfers to Minors Act for which the reporting person is custodian.
F3 Fully exercisable.