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Corcept officer plans sale of 10,000 shares

A company officer filed a Rule 144 notice to sell 10,000 CORT shares from a stock option exercise, plus disclosed a smaller sale in the prior three months.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

CORCEPT THERAPEUTICS INC (CORT) received a Rule 144 notice from officer Joseph Douglas Lyon regarding a planned sale of company stock. The notice reports an intended sale of 10,000 shares of common stock, to be issued through a stock option exercise for cash on September 14, 2026, with sales through broker Stifel Nicolaus on NASDAQ.

The filing also reports that over the prior three months, Joseph D. Lyon sold 1,540 shares of common stock on August 3, 2026. Rule 144 requires this disclosure of planned and recent sales by affiliates of the issuer.

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Planned shares to be sold 10,000 shares Common stock intended for sale under Rule 144 on September 14, 2026
Shares underlying stock option exercise 10,000 shares Stock Option Exercise for cash dated September 14, 2026
Shares sold in past 3 months 1,540 shares Common stock sold by Joseph D. Lyon on August 3, 2026
Planned sale date September 14, 2026 Date listed for the 10,000-share stock option exercise and planned sale
Prior sale date August 3, 2026 Date of 1,540-share sale disclosed for the past 3 months
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144"
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.
Stock Option Exercise financial
"Common | 09/14/2026 | Stock Option Exercise | Issuer"
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.
securities to be sold regulatory
"Name of Person for Whose Account the Securities are To Be Sold"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for CORCEPT THERAPEUTICS INC (CORT)?

The Form 144 discloses that officer Joseph Douglas Lyon intends to sell 10,000 shares of CORCEPT THERAPEUTICS INC common stock, to be issued via a stock option exercise for cash on September 14, 2026, with transactions through broker Stifel Nicolaus on NASDAQ.

How many CORT shares are planned to be sold under this Form 144?

The filing reports an intended sale of 10,000 shares of common stock of CORCEPT THERAPEUTICS INC. These shares are tied to a stock option exercise and are expected to be sold on September 14, 2026, subject to Rule 144 conditions.

What recent CORT stock sales by Joseph D. Lyon are disclosed in the Form 144?

The notice states that 1,540 shares of CORCEPT THERAPEUTICS INC common stock were sold by Joseph D. Lyon on August 3, 2026. Rule 144 requires disclosure of such securities sold during the past 3 months when filing a new sale notice.

How will the 10,000 CORT shares in this Form 144 be obtained for sale?

The 10,000 shares are associated with a Stock Option Exercise reported for September 14, 2026. The Form 144 indicates the exercise will be paid in cash, after which the resulting shares of common stock may be sold under Rule 144.

Who is the broker for the planned CORT stock sale in this Form 144?

The filing lists Stifel Nicolaus, located in St. Louis, Missouri, as the broker for the 10,000-share planned sale of CORCEPT THERAPEUTICS INC common stock, which is listed on NASDAQ according to the Form 144 disclosure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

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