Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | CORT | Common Stock | Options Exercise | $217K | +10K | +165.59% | $21.65 | 16K | Sep 3, 2024 | Direct | F1 |
transaction | CORT | Common Stock | Sale | -$353K | -10K | -62.35% | $35.30 | 6.04K | Sep 3, 2024 | Direct | F1, F2 |
transaction | CORT | Common Stock | Tax liability | -$8.58K | -243 | -4.02% | $35.30 | 5.8K | Sep 3, 2024 | Direct | F1, F3, F4 |
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 | -10K | -2.08% | $0.00 | 470K | Sep 3, 2024 | Common Stock | 10K | $21.65 | Direct | F5 |
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).
Id | Content |
---|---|
F1 | Includes 609 shares underlying unvested restricted stock units granted to the Reporting Person by the Issuer on December 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 | These shares were withheld by the Issuer in order to satisfy certain tax withholding obligations in connection with the issuance of shares upon the vesting of restricted stock units. |
F4 | The closing price on August 30, 2024 was used to calculate the withholding obligation. |
F5 | Shares subject to the stock option vested and became exercisable with respect to 25% of the shares on the first anniversary of August 16, 2021 (the "Vesting Commencement Date") with the remaining shares vesting and becoming exercisable ratably on a monthly basis over a period of 36 consecutive months thereafter until fully vested and exercisable on the fourth anniversary of the Vesting Commencement Date, subject to the Reporting Person's continued service. |
The power of attorney under which this form was signed is on file with the Commission.