Sean Maduck - Mar 31, 2025 Form 4 Insider Report for CORCEPT THERAPEUTICS INC (CORT)

Role
Officer
Signature
/s/ Joseph Douglas Lyon, as attorney-in-fact for Sean Maduck
Stock symbol
CORT
Transactions as of
Mar 31, 2025
Transactions value $
-$9,291,614
Form type
4
Date filed
4/2/2025, 08:20 PM
Previous filing
Mar 26, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CORT Common Stock Options Exercise $827K +100K +116.79% $8.27 186K Mar 31, 2025 Direct F1
transaction CORT Common Stock Sale -$7.95M -79.3K -42.71% $100.26 106K Mar 31, 2025 Direct F1, F2, F3
transaction CORT Common Stock Sale -$1.53M -15.1K -14.23% $101.43 91.2K Mar 31, 2025 Direct F1, F2, F4
transaction CORT Common Stock Sale -$571K -5.59K -6.13% $102.16 85.6K Mar 31, 2025 Direct F1, F2, F5
transaction CORT Common Stock Options Exercise $2.98K +590 +0.69% $5.05 86.2K Apr 1, 2025 Direct F1
transaction CORT Common Stock Sale -$67.6K -590 -0.68% $114.55 85.6K Apr 1, 2025 Direct F1, F2, F6
holding CORT Common Stock 10K Mar 31, 2025 See Footnote F7
holding CORT Common Stock 10K Mar 31, 2025 See Footnote 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) Options Exercise $0 -100K -25% $0.00 300K Mar 31, 2025 Common Stock 100K $8.27 Direct F9
transaction CORT Stock option (right to buy) Options Exercise $0 -590 -0.48% $0.00 121K Apr 1, 2025 Common Stock 590 $5.05 Direct F9
* 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 Includes 458 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on September 3, 2024, 265 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on December 2, 2024 and 266 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on March 3, 2025. 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 This transaction was made pursuant to a 10b5-1 plan adopted by the Reporting Person on September 5, 2024 in effect at the time of this transaction.
F3 Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range from $100.00 to $100.97 per share. Information on the exact number of shares sold at each sale price can be obtained from the Issuer upon request.
F4 Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range from $101.00 to $101.95 per share. Information on the exact number of shares sold at each sale price can be obtained from the Issuer upon request.
F5 Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range from $102.00 to $102.5250 per share. Information on the exact number of shares sold at each sale price can be obtained from the Issuer upon request.
F6 Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range from $114.29 to $114.71 per share. Information on the exact number of shares sold at each sale price can be obtained from the Issuer upon request.
F7 Represents the shares held by Duckhill Capital, LLC of which the Reporting Person is President and disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.
F8 Represents the shares held by Sean and Molly Maduck Living Trust of which the Reporting Person is a co-trustee.
F9 Fully exercisable.

Remarks:

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