Joseph Douglas Lyon - 28 Feb 2025 Form 4 Insider Report for CORCEPT THERAPEUTICS INC (CORT)

Signature
/s/ Joseph Douglas Lyon
Issuer symbol
CORT
Transactions as of
28 Feb 2025
Transactions value $
-$214,077
Form type
4
Date filed
04 Mar 2025, 19:58
Previous filing
05 Feb 2025
Next filing
26 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CORT Common Stock Tax liability -$11K -182 -2.08% $60.58 8.58K 03 Mar 2025 Direct F1, F2, F3
transaction CORT Common Stock Award $12.8K +216 +2.52% $59.07 8.79K 03 Mar 2025 Direct F3, F4, F5
transaction CORT Common Stock Award $0 +216 +2.46% $0.00 9.01K 03 Mar 2025 Direct F3, F6
transaction CORT Common Stock Options Exercise $62.1K +4.58K +50.83% $13.56 13.6K 03 Mar 2025 Direct F3
transaction CORT Common Stock Sale -$278K -4.58K -33.7% $60.69 9.01K 03 Mar 2025 Direct F3, F7, F8

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) Award $0 +140K $0.00 140K 28 Feb 2025 Common Stock 140K $60.58 Direct F9
transaction CORT Stock option (right to buy) Options Exercise $0 -4.58K -4.74% $0.00 92K 03 Mar 2025 Common Stock 4.58K $13.56 Direct F10
* 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 were withheld by the Issuer in order to satisfy certain withholding obligations in connection with the issuance of shares upon the vesting of restricted stock units.
F2 The closing price on February 28, 2025 was used to calculate the withholding obligation.
F3 Includes 1,232 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on June 3, 2024, 372 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on September 3, 2024 and 215 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on December 2, 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.
F4 The Reporting Person purchased shares ("Purchase Plan Shares") of the Issuer's common stock pursuant to a purchase plan ("Purchase Plan") established under the Corcept Therapeutics Incorporated 2024 Incentive Award Plan on March 3, 2025.
F5 In accordance with the Purchase Plan, the price was established based on the closing price on the day of the purchase.
F6 Shares underlie unvested restricted stock awards granted to the Reporting Person by the Issuer under the Purchase Plan. 100% of the shares underlying the restricted stock awards will vest on the one-year anniversary of the grant date provided the Reporting Person remains the beneficial owner of the Purchase Plan Shares through such one-year anniversary.
F7 The transaction was made pursuant to a 10b5-1 plan adopted by the Reporting Person on August 30, 2024 in effect at the time of this transaction.
F8 Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range from $60.58 to $61.055 per share. Information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.
F9 Exercise ratably in equal installments on each monthly anniversary of February 28, 2025 over a four-year period subject to the Reporting Person's continued service through each vesting date.
F10 Fully exercisable.

Remarks:

Chief Accounting & Technology Officer