Corcept (CORT) director’s entities report 20K-share sale and large holdings
Filing Impact
Filing Sentiment
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 Trade Summary
Net Seller: 20,000 shares ($1,690,506)
Net Sell
2 txns
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)
- [object Object]
Key Figures
Shares sold: 20,000 shares
Weighted average sale price: $84.5253 per share
Sale price range: $84.44–$85.11 per share
+2 more
5 metrics
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
Key Terms
open-market sale, weighted average sale price, indirect ownership, Form 4
4 terms
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.
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.
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.