Corcept (CORT) chief business officer reports 7,300-share gift of common stock
Rhea-AI Filing Summary
Corcept Therapeutics’ Chief Business Officer Gary Charles Robb reported several bona fide gifts of Corcept Therapeutics common stock and updated his indirect holdings. On May 13, 2026, he gifted 5,300 shares from his direct holdings and two gifts of 1,000 shares each from custodial accounts for a child, totaling 7,300 shares. After these gifts, he directly holds 24,487 shares, while a custodial account for a child holds 12,571 shares and a revocable trust holds 49,716 shares. Footnotes also note unvested restricted stock awards of 997, 251, 224 and 499 shares, each scheduled to vest in full on the one-year anniversary of their respective grant dates if specified conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,300 shares
Net Sell
4 txns
Insider
Robb Gary Charles
Role
Chief Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 5,300 | $0.00 | $0.00 |
| Gift | Common Stock | 1,000 | $0.00 | $0.00 |
| Gift | Common Stock | 1,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 24,487 shares (Direct);
Common Stock — 12,571 shares (Indirect, Custodial Account for Child);
Common Stock — 49,716 shares (Indirect, Gary Charles Robb TTE Robb Revocable Trust)
Footnotes (4)
- F1. Includes 997 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on June 2, 2025, 251 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on September 2, 2025, 224 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on December 1, 2025, and 499 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. Excludes 49,716 shares previously owned directly which were transferred to the Gary Charles Robb TTE Robb Revocable Trust.
- F2. These shares are held by a child of the Reporting Person through a custodial account under the Uniform Transfers to Minors Act for which the Reporting Person is custodian.
- F3. These shares are held by a child of the Reporting Person through a custodial account under the Uniform Transfers to Minors Act for which the Reporting Person is custodian.
- F4. These shares are held by Gary Charles Robb TTE Robb Revocable Trust of which the Reporting Person is trustee.
Key Figures
Total gifted shares: 7,300 shares
Direct holdings after gifts: 24,487 shares
Custodial account holdings: 12,571 shares
+5 more
8 metrics
Total gifted shares
7,300 shares
Bona fide gifts of common stock on May 13, 2026
Direct holdings after gifts
24,487 shares
Common stock held directly following May 13, 2026 transactions
Custodial account holdings
12,571 shares
Common stock held in child’s custodial account after gifts
Revocable trust holdings
49,716 shares
Common stock held by Gary Charles Robb TTE Robb Revocable Trust
Unvested RSA 1
997 shares
Restricted stock award granted June 2, 2025, vests in one year if conditions met
Unvested RSA 2
251 shares
Restricted stock award granted September 2, 2025, vests in one year if conditions met
Unvested RSA 3
224 shares
Restricted stock award granted December 1, 2025, vests in one year if conditions met
Unvested RSA 4
499 shares
Restricted stock award granted March 2, 2026, vests in one year if conditions met
Key Terms
bona fide gift, Uniform Transfers to Minors Act, restricted stock awards, Revocable Trust
4 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Uniform Transfers to Minors Act financial
"custodial account under the Uniform Transfers to Minors Act for which the Reporting Person is custodian"
restricted stock awards financial
"Includes 997 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.
Revocable Trust financial
"held by Gary Charles Robb TTE Robb Revocable Trust of which the Reporting Person is trustee"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Corcept Therapeutics (CORT) report for Gary Charles Robb?
The filing shows Gary Charles Robb made bona fide gifts of Corcept common stock totaling 7,300 shares on May 13, 2026. These gifts came from both his direct holdings and custodial accounts for a child.
What are Gary Charles Robb’s Corcept (CORT) holdings after these Form 4 gifts?
After the gifts, he directly holds 24,487 shares of Corcept common stock. Indirectly, a custodial account for a child holds 12,571 shares, and a revocable trust holds 49,716 shares, according to the Form 4 data.
Are there unvested restricted stock awards for the Corcept (CORT) executive in this filing?
Yes. Footnotes list unvested restricted stock awards of 997, 251, 224 and 499 shares. Each award vests 100% on its one-year grant anniversary, provided the executive satisfies specified vesting requirements.
Were the Corcept (CORT) Form 4 transactions open-market sales or purchases?
No. The reported transactions are all coded G for bona fide gifts of common stock, with a price of $0.00 per share. The filing does not show any open-market buys or sells by the executive.