Corcept Therapeutics (CORT) director adds 100,000 shares in open-market buys
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corcept Therapeutics director Leonard G. Baker Jr. reported buying a total of 100,000 shares of Common Stock in open-market transactions on March 17, 2026. The purchases were split between 75,782 shares at a weighted average price of $33.0022 and 24,218 shares at a weighted average price of $33.5633, with actual trade prices ranging from $32.43 to $33.68.
Following these purchases, Baker directly holds 1,146,631 Corcept shares. He also has indirect interests in 3,308,303 shares held by a limited partnership and 1,095,262 shares held by a trust, while disclaiming beneficial ownership except to the extent of his pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 100,000 shares ($3,313,809)
Net Buy
4 txns
Insider
BAKER G LEONARD JR
Role
Director
Bought
100,000 shs ($3.31M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 75,782 | $33.0022 | $2.50M |
| Purchase | Common Stock | 24,218 | $33.5633 | $813K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,122,413 shares (Direct);
Common Stock — 3,308,303 shares (Indirect, By Ltd Partnership)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $32.43 to $33.30 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $33.44 to $33.68 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. Shares held by a limited partnership of which the reporting person is a trustee of a trust which is the general partner. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein. Shares held by a trust of which the reporting person is a trustee. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest in the trust.
FAQ
What did Corcept Therapeutics (CORT) director Leonard G. Baker Jr. report in this Form 4?
Leonard G. Baker Jr. reported open-market purchases of Corcept Therapeutics Common Stock totaling 100,000 shares on March 17, 2026. The filing also updates his post-transaction direct and indirect share holdings in the company.
How are Leonard G. Baker Jr.’s indirect Corcept (CORT) holdings structured?
Indirect holdings include shares held by a limited partnership and a trust where he serves as trustee. He disclaims beneficial ownership of those shares except to the extent of his pecuniary interests in the entities.
Does this Corcept Therapeutics (CORT) Form 4 include any stock option exercises or derivative transactions?
No. The Form 4 only reports non-derivative Common Stock transactions and updated holdings. The derivative section shows no option exercises or other derivative activities associated with this reporting date.