Joseph Douglas Lyon - 01 Nov 2023 Form 4 Insider Report for CORCEPT THERAPEUTICS INC (CORT)

Role
Chief Accounting Officer
Signature
/s/ Joseph Douglas Lyon
Issuer symbol
CORT
Transactions as of
01 Nov 2023
Net transactions value
-$83,770
Form type
4
Filing time
03 Nov 2023, 18:49:33 UTC
Previous filing
10 Oct 2023
Next filing
05 Dec 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 $11,611 +1,023 +17% $11.35 6,877 01 Nov 2023 Direct F1
transaction CORT Common Stock Sale $28,726 -1,023 -15% $28.08 5,854 01 Nov 2023 Direct F1, F2
transaction CORT Common Stock Options Exercise $45,139 +3,977 +68% $11.35 9,831 02 Nov 2023 Direct F1
transaction CORT Common Stock Sale $111,794 -3,977 -40% $28.11 5,854 02 Nov 2023 Direct F1, F2, 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 -1,023 -1.9% $0.000000 53,144 01 Nov 2023 Common Stock 1,023 $11.35 Direct F4
transaction CORT Stock option (right to buy) Options Exercise $0 -3,977 -7.5% $0.000000 49,167 02 Nov 2023 Common Stock 3,977 $11.35 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 Includes 1,155 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on March 1, 2023, 1,411 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on June 1, 2023 and 361 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on September 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.
F2 The transaction was made pursuant to a 10b5-1 plan in effect at the time of this transaction.
F3 Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range from $28.08 to $28.1244. Information on the exact number of shares sold at each sale price can be obtained from the Issuer upon request.
F4 Fully exercisable.