JAMES N. WILSON - 14 Jun 2022 Form 4 Insider Report for CORCEPT THERAPEUTICS INC (CORT)

Role
Director
Signature
/s/ Joseph Douglas Lyon, as attorney-in-fact for James N. Wilson
Issuer symbol
CORT
Transactions as of
14 Jun 2022
Transactions value $
-$2,157,381
Form type
4
Filing time
16 Jun 2022, 17:00:23 UTC
Previous filing
02 Jun 2022
Next filing
14 Feb 2023
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 $624K +300K $2.08* 300K 14 Jun 2022 Direct
transaction CORT Common Stock Tax liability -$2.78M -132K -43.94% $21.10 168K 14 Jun 2022 Direct F1
transaction CORT Common Stock Other $0 -168K -50% $0.00 168K 14 Jun 2022 Direct F2
transaction CORT Common Stock Other $0 +168K +14.46% $0.00 1.33M 14 Jun 2022 James N. Wilson and Pamela D. Wilson Trust F2, F3
holding CORT Common Stock 901K 14 Jun 2022 James and Pamela Wilson Family Partners F3

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 +300K $0.00* 0 14 Jun 2022 Common Stock 300K $2.08 Direct F4
* 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 liability arising from a net (cashless) exercise of stock options that occurred on June 14, 2022. The options subject to the net exercise were to expire on January 30, 2023.
F2 Transfer of shares without consideration to the James N. Wilson and Pamela D. Wilson Trust.
F3 Reporting Person has voting power over the shares held by the James N. Wilson and Pamela D. Wilson Trust and James and Pamela Wilson Family Partners pursuant to voting agreements and disclaims beneficial ownership of all of such shares, except to the extent of his pecuniary interest therein.
F4 Fully exercisable.

Remarks:

The power of attorney under which this form was signed is on file with the Commission.