Joseph Douglas Lyon - Aug 7, 2023 Form 4 Insider Report for CORCEPT THERAPEUTICS INC (CORT)

Signature
/s/ Joseph Douglas Lyon.
Stock symbol
CORT
Transactions as of
Aug 7, 2023
Transactions value $
-$9,455
Form type
4
Date filed
8/9/2023, 05:20 PM
Previous filing
Jun 7, 2023
Next filing
Aug 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CORT Common Stock Sale -$12.9K -412 -8.03% $31.22 4.72K Aug 7, 2023 Direct F1, F2, F3
transaction CORT Common Stock Options Exercise $3.41K +412 +8.73% $8.27 5.13K Aug 7, 2023 Direct 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 -412 -0.79% $0.00 51.6K Aug 7, 2023 Common Stock 412 $8.27 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were affected pursuant to Rule 144.
F2 Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range from $31.21 to $31.25. Information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.
F3 Includes 1,155 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on March 1, 2023 and 1,411 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on June 1, 2023. 100% of the shares underlying the restricted stock awards will vest on the one-year anniversary of the grant date provided the Reporting Person satisfies certain requirements.
F4 Fully exercisable.