Daniel N. Swisher JR - Sep 1, 2023 Form 4 Insider Report for CORCEPT THERAPEUTICS INC (CORT)

Role
Director
Signature
/s/ Joseph Douglas Lyon, as attorney-in-fact for Daniel N. Swisher, Jr
Stock symbol
CORT
Transactions as of
Sep 1, 2023
Transactions value $
-$100,067
Form type
4
Date filed
9/6/2023, 07:04 PM
Previous filing
Aug 9, 2023
Next filing
Oct 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CORT Common Stock Options Exercise $10.2K +1.55K $6.55 1.55K Sep 1, 2023 Direct
transaction CORT Common Stock Sale -$50.7K -1.55K -100% $32.73 0 Sep 1, 2023 Direct
transaction CORT Common Stock Options Exercise $12.9K +2.2K $5.86 2.2K Sep 5, 2023 Direct
transaction CORT Common Stock Sale -$72.4K -2.2K -100% $32.90 0 Sep 5, 2023 Direct

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 -1.55K -100% $0.00* 0 Sep 1, 2023 Common Stock 1.55K $6.55 Direct F1, F2
transaction CORT Stock option (right to buy) Options Exercise $0 -2.2K -9.03% $0.00 22.2K Sep 6, 2023 Common Stock 2.2K $5.86 Direct F1, 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 Fully exercisable.
F2 The reporting person has transferred 50% of certain of his stock options to his ex-spouse pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-spouse.

Remarks:

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