Gary Charles Robb - Sep 27, 2024 Form 4 Insider Report for CORCEPT THERAPEUTICS INC (CORT)

Signature
/s/ Joseph Douglas Lyon, as attorney-in-fact for Gary Charles Robb.
Stock symbol
CORT
Transactions as of
Sep 27, 2024
Transactions value $
-$472,890
Form type
4
Date filed
10/1/2024, 07:55 PM
Previous filing
Sep 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CORT Common Stock Gift $0 +415 +4.49% $0.00 9.67K Sep 27, 2024 Custodial Account for Child F1
transaction CORT Common Stock Gift $0 +415 +4.49% $0.00 9.67K Sep 27, 2024 Custodial Account for Child F1
transaction CORT Common Stock Options Exercise $36.2K +11K +48.3% $3.29 33.8K Oct 1, 2024 Direct F2
transaction CORT Common Stock Sale -$509K -11K -32.57% $46.28 22.8K Oct 1, 2024 Direct 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 -11K -43.93% $0.00 14K Oct 1, 2024 Common Stock 11K $3.29 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 These shares are held by a child of the Reporting Person through a custodial account under the Uniform Transfers to Minors Act for which the Reporting Person is custodian.
F2 Includes 638 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on December 1, 2023, 697 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on March 1, 2024, 1,818 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on June 3, 2024 and 503 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on September 3, 2024. 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.
F3 The transaction was made pursuant to a 10b5-1 plan in effect at the time of this transaction.
F4 Full exercisable.

Remarks:

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