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Corcept (CORT) director’s entities report 20K-share sale and large holdings

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Corcept Therapeutics director David L. Mahoney reported an indirect open-market sale of common stock through The Black Dog Private Foundation. The foundation sold 20,000 shares at a weighted average price of $84.5253 per share, with individual prices ranging from $84.44 to $85.11.

After the sale, the foundation held 26,147 shares of Corcept common stock. A separate indirect holding, the David L. Mahoney and Winnifred C. Ellis 1998 Family Trust, is shown with 1,237,145 shares of common stock following the reported transactions.

Positive

  • None.

Negative

  • None.
Insider MAHONEY DAVID L
Role null
Sold 20,000 shs ($1.69M)
Type Security Shares Price Value
Sale Common Stock 20,000 $84.5253 $1.69M
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 26,147 shares (Indirect, The Black Dog Private Foundation)
Footnotes (1)
  1. [object Object]
Shares sold 20,000 shares Open-market sale of Corcept common stock
Weighted average sale price $84.5253 per share Average price for 20,000 shares sold
Sale price range $84.44–$85.11 per share Range of actual sale prices
Foundation shares after sale 26,147 shares The Black Dog Private Foundation holding after transaction
Family trust holdings 1,237,145 shares David L. Mahoney and Winnifred C. Ellis 1998 Family Trust
open-market sale financial
"The foundation sold 20,000 shares at a weighted average price in an open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average sale price financial
"Represents the weighted average sale price for the entire number of shares sold"
indirect ownership financial
"nature_of_ownership: Held by David L. Mahoney and Winnifred C. Ellis 1998 Family Trust"
Form 4 regulatory
"reported as a routine Form 4 insider transaction"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
MAHONEY DAVID L

(Last)(First)(Middle)
C/O CORCEPT THERAPEUTICS INCORPORATED
101 REDWOOD SHORES PARKWAY

(Street)
REDWOOD CITY CALIFORNIA 94065

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CORCEPT THERAPEUTICS INC [ CORT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/17/2026S20,000D$84.5253(1)26,147IThe Black Dog Private Foundation
Common Stock1,237,145IHeld by David L. Mahoney and Winnifred C. Ellis 1998 Family Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range from $84.44 to $85.11. Information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.
Remarks:
The power of attorney under which this form was signed is on file with the Commission.
/s/ Joseph Douglas Lyon, as attorney-in-fact for David L Mahoney06/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Corcept Therapeutics (CORT) report?

Corcept Therapeutics reported an indirect open-market sale of 20,000 common shares linked to director David L. Mahoney. The sale was executed by The Black Dog Private Foundation and is disclosed as a routine Form 4 insider transaction.

At what price were the Corcept Therapeutics (CORT) shares sold?

The 20,000 Corcept shares were sold at a weighted average price of $84.5253 per share. Individual sale prices ranged from $84.44 to $85.11, according to the footnote that accompanies the reported transaction.

How many Corcept Therapeutics (CORT) shares remain with the selling entity?

After selling 20,000 shares, The Black Dog Private Foundation held 26,147 Corcept common shares. This remaining balance reflects the position attributed to that entity following the reported open-market sale transaction on the Form 4.

What other indirect holdings does David L. Mahoney report in Corcept (CORT)?

In addition to the foundation’s holdings, David L. Mahoney reports 1,237,145 Corcept shares indirectly held by the David L. Mahoney and Winnifred C. Ellis 1998 Family Trust. This amount reflects the trust’s common stock position following the reported transactions.

Was the Corcept (CORT) insider sale a market transaction?

Yes. The Form 4 describes the 20,000-share disposition as an open-market sale of common stock. The transaction code “S” and related description identify it as a sale in the open market or a private transaction at market-based prices.