Daniel N. Swisher JR - 11 Nov 2024 Form 4 Insider Report for CORCEPT THERAPEUTICS INC (CORT)

Role
Director
Signature
/s/ Joseph Douglas Lyon, as attorney-in-fact for Daniel N. Swisher, Jr.
Issuer symbol
CORT
Transactions as of
11 Nov 2024
Transactions value $
-$105,050
Form type
4
Filing time
13 Nov 2024, 20:06:03 UTC
Previous filing
05 Aug 2024
Next filing
12 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CORT Common Stock Options Exercise $26.7K +2.2K $12.13 2.2K 11 Nov 2024 Direct
transaction CORT Common Stock Sale -$132K -2.2K -100% $59.88 0 11 Nov 2024 Direct F1

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 -2.2K -14.67% $0.00 12.8K 11 Nov 2024 Common Stock 2.2K $12.13 Direct F2, F3
* 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 The transaction was made pursuant to a 10b5-1 plan in effect at the time of this transaction.
F2 Fully exercisable.
F3 The Reporting Person previously transferred 15,000 shares underlying the stock option to his ex-spouse. The Reporting Person no longer reports as beneficially owned any securities owned by his ex-spouse.

Remarks:

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