Corcept (NASDAQ: CORT) CDO acquires 1,754 shares via grant and purchase plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corcept Therapeutics Chief Development Officer William Guyer reported stock-based compensation and share purchases in company stock. On June 1, 2026, he acquired 877 shares of common stock as a grant at $0.00 per share and an additional 877 shares at $70.44 per share under a purchase plan established within the 2024 Incentive Award Plan. Footnotes show these include shares underlying unvested restricted stock awards, which vest in full one year after their grant dates if service and ownership conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Guyer William
Role
Chief Development Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 877 | $70.44 | $62K |
| Grant/Award | Common Stock | 877 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,108 shares (Direct, null)
Footnotes (1)
- 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 June 1, 2026. In accordance with the Purchase Plan, the price was established based on the closing price on the day of the purchase. Includes 224 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on December 1, 2025 and 498 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on March 2, 2026. 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. 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.
Key Figures
Grant shares: 877 shares
Purchase plan shares: 877 shares at $70.44
Post-transaction holding (line 1): 3,985 shares
+2 more
5 metrics
Grant shares
877 shares
Common Stock grant at $0.00 per share on June 1, 2026
Purchase plan shares
877 shares at $70.44
Common Stock purchased under Purchase Plan on June 1, 2026
Post-transaction holding (line 1)
3,985 shares
Total common shares following the grant transaction
Post-transaction holding (line 2)
3,108 shares
Total common shares following the purchase plan transaction
Unvested RSA components
224 and 498 shares
Restricted stock awards from Dec 1, 2025 and Mar 2, 2026
Key Terms
Purchase Plan, 2024 Incentive Award Plan, restricted stock awards, beneficial owner, +1 more
5 terms
Purchase Plan financial
"purchased shares ("Purchase Plan Shares") of the Issuer's common stock pursuant to a purchase plan ("Purchase Plan")"
2024 Incentive Award Plan financial
"purchase plan ("Purchase Plan") established under the Corcept Therapeutics Incorporated 2024 Incentive Award Plan"
restricted stock awards financial
"Includes 224 shares underlying unvested restricted stock awards granted to the Reporting Person"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
beneficial owner financial
"vest on the one-year anniversary of the grant date provided the Reporting Person remains the beneficial owner"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
transaction code A financial
"transaction_code": "A" ... transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did CORT executive William Guyer report on June 1, 2026?
William Guyer reported acquiring Corcept Therapeutics common stock through compensation-related awards and a purchase plan. On June 1, 2026, he received 877 shares at $0.00 per share and bought 877 shares at $70.44 per share under the company’s 2024 Incentive Award Plan.
Was the CORT Form 4 transaction a market buy or compensation grant?
The Form 4 for Corcept Therapeutics shows compensation-related acquisitions, not open-market trading. Guyer received 877 common shares as a stock grant at $0.00 and 877 shares through a purchase plan at $70.44, all under the 2024 Incentive Award Plan framework.
How do the restricted stock awards for CORT’s William Guyer vest?
Guyer’s restricted stock awards vest 100% on the one-year anniversary of each grant date. Footnotes note 224 shares from December 1, 2025 and 498 shares from March 2, 2026, plus awards under the Purchase Plan, all subject to continued service and ownership conditions.