Joseph K. Belanoff. - 31 Jul 2024 Form 4 Insider Report for CORCEPT THERAPEUTICS INC (CORT)

Role
Chief Executive Officer, Director
Signature
/s/ Joseph Douglas Lyon, as attorney-in-fact for Joseph K. Belanoff.
Issuer symbol
CORT
Transactions as of
31 Jul 2024
Net transactions value
-$8,557,575
Form type
4
Filing time
02 Aug 2024, 16:42:32 UTC
Previous filing
13 Feb 2024
Next filing
14 Feb 2025
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 $1,480,500 +450,000 +129% $3.29 798,811 31 Jul 2024 Direct
transaction CORT Common Stock Tax liability $10,038,075 -259,583 -32% $38.67 539,228 31 Jul 2024 Direct F1
holding CORT Common Stock 2,483,107 31 Jul 2024 Joseph K. Belanoff and Katherine A. Blenko Revocable Living Trust DTD 01/29/02 F2

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 -450,000 -100% $0.000000* 0 31 Jul 2024 Common Stock 450,000 $3.29 Direct F3
* 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 July 31, 2024. The options subject to the net exercise were to expire on February 18, 2025.
F2 Reporting Person has voting power over the shares held by the Joseph K. Belanoff and Katherine A. Blenko Revocable Living Trust DTD 01/29/02 pursuant to voting agreements and disclaims beneficial ownership of all of such shares, except to the extent of his pecuniary interest therein.
F3 Fully exercisable.

Remarks:

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