Corcept Therapeutics (CORT) director offloads stock under 10b5-1 plan
Rhea-AI Filing Summary
Corcept Therapeutics Inc (CORT) director David L. Mahoney reported indirect sales of company common stock on August 18, 2026. A family trust associated with him sold a total of 103,606 shares in multiple open-market transactions at weighted average prices between $116.595 and $119.6775, pursuant to a Rule 10b5-1 trading plan adopted on May 11, 2026. The filing also reports 26,147 shares of common stock held indirectly through The Black Dog Private Foundation.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 103,606 shares
Net Sell
5 txns
Insider
MAHONEY DAVID L
Role
Director
Sold
103,606 shs ($12.25M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 4,984 | $117.4716 | $585K |
| Sale | Common Stock F1, F3 | 91,167 | $118.2376 | $10.78M |
| Sale | Common Stock F1, F4 | 7,055 | $118.8817 | $839K |
| Sale | Common Stock F1, F5 | 400 | $119.6381 | $48K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,133,539 shares (Indirect, Held by David L. Mahoney and Winnifred C. Ellis 1998 Family Trust);
Common Stock — 26,147 shares (Indirect, The Black Dog Private Foundation)
Footnotes (5)
- F1. This transaction was made pursuant to a 10b5-1 plan adopted by the Reporting Person on May 11, 2026 in effect at the time of this transaction.
- F2. Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range from $116.595 to $117.59. Information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.
- F3. Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range from $117.60 to $118.595. Information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.
- F4. Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range from $118.60 to $119.345. Information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.
- F5. Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range from $119.605 to $119.6775. Information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.
Key Figures
Total shares sold: 103,606 shares
Block sale 1: 4,984 shares at $117.4716 per share
Block sale 2: 91,167 shares at $118.2376 per share
+5 more
8 metrics
Total shares sold
103,606 shares
Indirect open-market sales on August 18, 2026 by associated family trust
Block sale 1
4,984 shares at $117.4716 per share
Indirect open-market sale on August 18, 2026
Block sale 2
91,167 shares at $118.2376 per share
Indirect open-market sale on August 18, 2026
Block sale 3
7,055 shares at $118.8817 per share
Indirect open-market sale on August 18, 2026
Block sale 4
400 shares at $119.6381 per share
Indirect open-market sale on August 18, 2026
Price range of sales
$116.595 to $119.6775 per share
Actual trade-price ranges from weighted-average price footnotes
Indirect foundation holdings
26,147 shares
Shares of common stock held by The Black Dog Private Foundation
Rule 10b5-1 plan adoption date
May 11, 2026
Plan under which August 18, 2026 sales were executed
Key Terms
Rule 10b5-1 plan, weighted average sale price, indirect, open market or private transaction
4 terms
Rule 10b5-1 plan regulatory
"This transaction was made pursuant to a 10b5-1 plan adopted by the Reporting Person"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted average sale price financial
"Represents the weighted average sale price for the entire number of shares sold"
indirect financial
"ownership_type":"indirect","ownership_code":"I""
open market or private transaction financial
"transaction_code_description":"Sale in open market or private transaction""
FAQ
What insider transactions did CORT report for David L. Mahoney on August 18, 2026?
The report shows that a family trust associated with director David L. Mahoney sold 103,606 shares of Corcept Therapeutics (CORT) common stock on August 18, 2026 in multiple open-market transactions at weighted average prices between $116.595 and $119.6775.
What other indirect CORT holdings are disclosed for Mahoney?
The Form 4 discloses that 26,147 shares of Corcept Therapeutics (CORT) common stock are held indirectly through The Black Dog Private Foundation, reported as an indirect ownership position.
AI-generated analysis. How Rhea-AI works. Not financial advice.