William Guyer to sell 20,000 CORT shares (NASDAQ: CORT) via option exercise

Rhea-AI Filing Summary

William Guyer filed a Form 144 to sell 20,000 shares of common stock via a stock option exercise on 07/07/2026. The notice lists the sale method as Cash through Stifel Nicolaus & Company, Inc. The filing also discloses three sales in the prior three months: 20,000 shares on 04/07/2026 for $819,453, 20,000 shares on 05/05/2026 for $1,036,522, and 20,000 shares on 06/02/2026 for $1,411,993.

Insights

Securities Counsel

Form 144 notifies the market of an intended registered sale under Rule 144.

Form 144 is a regulatory notice that a holder intends to sell restricted or control securities under applicable resale rules. The filing lists a 20,000-share proposed sale by William Guyer via a stock option exercise, with proceeds noted as Cash.

Past transactions of 20,000 shares each in April, May, and June are disclosed with exact proceeds. The filing documents intent and recent activity; timing and final execution are governed by the resale rule conditions and broker processing.

Key Figures

Proposed sale: 20,000 shares Prior sale 1 proceeds: $819,453 Prior sale 2 proceeds: $1,036,522 +1 more

4 metrics

Proposed sale 20,000 shares stock option exercise on <date> 07/07/2026

Prior sale 1 proceeds $819,453 20,000 shares sold on <date> 04/07/2026

Prior sale 2 proceeds $1,036,522 20,000 shares sold on <date> 05/05/2026

Prior sale 3 proceeds $1,411,993 20,000 shares sold on <date> 06/02/2026

Key Terms

Form 144, Stock Option Exercise, Rule 144

3 terms

Form 144 regulatory

"Filed notice of proposed sale of restricted or control securities"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Stock Option Exercise financial

"Listed as the method of acquiring securities for the proposed sale"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

Rule 144 regulatory

"Regulatory resale framework implicit in Form 144 filings"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

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Available on EDGAR 07/07/2026 - 11:37 AM Accepted by SEC EDGAR 07/07/2026 - 11:12 AM Learn about SEC filing dates

FAQ

What does William Guyer's Form 144 disclose for CORT?

It discloses a proposed sale of 20,000 shares by William Guyer via a stock option exercise on 07/07/2026. The broker listed is Stifel Nicolaus & Company, Inc. and the sale method is cash.

How many shares did William Guyer sell in the prior three months?

The filing lists three completed sales of 20,000 shares each: 04/07/2026, 05/05/2026, and 06/02/2026. Each sale includes the reported cash proceeds in the filing.

What were the reported proceeds for the recent prior sales?

The Form 144 shows proceeds of $819,453 (04/07/2026), $1,036,522 (05/05/2026), and $1,411,993 (06/02/2026) for each respective 20,000-share sale, as disclosed in the filing.

Who is the broker handling the proposed sale in the Form 144?

The filing lists Stifel Nicolaus & Company, Inc. at 501 N Broadway, St. Louis, MO as the broker-dealer named for the proposed transaction, per the Form 144 details.

Does the Form 144 confirm the sale has occurred?

No. The Form 144 notifies an intended resale of securities under Rule 144; it shows proposed sale details for 07/07/2026, while separate entries list prior completed sales in earlier months.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Stifel Nicolaus & Company Inc 501 N Broadway St Louis MO 63102	20000	1862530.00	107350000	07/07/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/07/2026	Stock Option Exercise	Issuer			20000	07/07/2026	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
William Guyer 101 Redwood Shores Parkway Redwood City CA 94065	Common	04/07/2026	20000	819453.00
William Guyer 101 Redwood Shores Parkway Redwood City CA 94065	Common	05/05/2026	20000	1036522.00
William Guyer 101 Redwood Shores Parkway Redwood City CA 94065	Common	06/02/2026	20000	1411993.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)