Gary Charles Robb - 30 Aug 2022 Form 4 Insider Report for CORCEPT THERAPEUTICS INC (CORT)

Role
Chief Business Officer
Signature
/s/ Joseph Douglas Lyon, as attorney-in-fact for Gary Charles Robb.
Issuer symbol
CORT
Transactions as of
30 Aug 2022
Transactions value $
-$2,107,089
Form type
4
Filing time
01 Sep 2022, 17:45:12 UTC
Previous filing
08 Jul 2022
Next filing
06 Sep 2022
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 $348K +167K +693.62% $2.08* 191K 30 Aug 2022 Direct
transaction CORT Common Stock Tax liability -$2.46M -93.9K -49.06% $26.14 97.5K 30 Aug 2022 Direct F1
holding CORT Common Stock 5.81K 30 Aug 2022 Custodial Account for Child F2
holding CORT Common Stock 5.81K 30 Aug 2022 Custodial Account for Child F2
holding CORT Common Stock 5.81K 30 Aug 2022 Custodial Account for Child 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 +167K $0.00* 0 30 Aug 2022 Common Stock 167K $2.08 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 August 30, 2022. The options subject to the net exercise were to expire on January 30, 2023.
F2 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.
F3 Fully exercisable.

Remarks:

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