David L. Mahoney - 14 Aug 2023 Form 4 Insider Report for CORCEPT THERAPEUTICS INC (CORT)

Role
Director
Signature
/s/ Joseph Douglas Lyon, as attorney-in-fact for David L Mahoney.
Issuer symbol
CORT
Transactions as of
14 Aug 2023
Net transactions value
-$773,668
Form type
4
Filing time
16 Aug 2023, 16:53:41 UTC
Previous filing
23 May 2023
Next filing
31 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CORT Common Stock Sale $309,467 -10,000 -47% $30.95 11,297 14 Aug 2023 The Black Dog Private Foundation F1
transaction CORT Common Stock Sale $464,200 -15,000 -1.2% $30.95 1,222,078 14 Aug 2023 Held by David L. Mahoney and Winnifred C. Ellis 1998 Family Trust F2
* 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 Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range from $30.83 to $31.14. Information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.
F2 Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range from $30.83 to $31.14. Information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.

Remarks:

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