910,078 Corcept (CORT) shares gifted via Wilson family entities
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corcept Therapeutics director James N. Wilson reported indirect gifts of company stock made through family entities. Entities associated with Wilson, including a family trust and James and Pamela Wilson Family Partners, made bona fide gifts totaling 910,078 shares of Corcept common stock at no consideration.
Following these transactions, the James N. Wilson and Pamela D. Wilson Trust held 1,104,543 shares indirectly, and two 2025 Grantor Retained Annuity Trusts each held 200,000 shares. Wilson has voting power over certain shares via voting agreements but disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
910,078 shares gifted
Mixed
5 txns
Insider
WILSON JAMES N
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 892,056 | $0.00 | -- |
| Gift | Common Stock | 9,011 | $0.00 | -- |
| Gift | Common Stock | 9,011 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,011 shares (Indirect, James and Pamela Wilson Family Partners)
Footnotes (1)
- Reporting Person has voting power over the shares held by the James N. Wilson and Pamela D. Wilson Trust and James and Pamela Wilson Family Partners pursuant to voting agreements and disclaims beneficial ownership of all of such shares, except to the extent of his pecuniary interest therein. Transfer of shares without consideration to the James N. Wilson and Pamela D. Wilson Trust.
Key Figures
Total shares gifted: 910,078 shares
Large gift block: 892,056 shares
Smaller gift blocks: 9,011 shares each
+4 more
7 metrics
Total shares gifted
910,078 shares
Aggregate bona fide gifts of common stock
Large gift block
892,056 shares
Single bona fide gift entry of common stock
Smaller gift blocks
9,011 shares each
Two bona fide gift entries of common stock
Trust holdings after gift
1,104,543 shares
James N. Wilson and Pamela D. Wilson Trust post-transaction
Pamela Wilson 2025 GRAT
200,000 shares
Indirect holding of Corcept common stock
James Wilson 2025 GRAT
200,000 shares
Indirect holding of Corcept common stock
Gift price per share
$0.0000 per share
Bona fide gift transactions with no consideration
Key Terms
bona fide gift, Grantor Retained Annuity Trust, pecuniary interest, voting agreements, +1 more
5 terms
bona fide gift financial
"transaction code description is listed as "Bona fide gift" for several entries"
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.
Grantor Retained Annuity Trust financial
"nature_of_ownership references the 2025 Grantor Retained Annuity Trusts for James and Pamela Wilson"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
pecuniary interest financial
"footnote states Wilson disclaims beneficial ownership except to the extent of his pecuniary interest"
voting agreements financial
"footnote notes Wilson has voting power over certain shares pursuant to voting agreements"
A voting agreement is a legally binding deal where shareholders promise to cast their votes the same way on corporate matters, such as choosing directors or approving big transactions. Think of it like a neighborhood group agreeing to support the same candidate so they can decide how the block is run; for investors, these pacts can change who controls a company, influence strategy and risk, and affect the value and liquidity of shares.
indirect ownership financial
"ownership_type and ownership_code indicate indirect holdings through trusts and family partnerships"
FAQ
What did Corcept Therapeutics (CORT) director James N. Wilson report on this Form 4?
James N. Wilson reported indirect bona fide gifts of Corcept common stock made through family entities totaling 910,078 shares. These are non-market transfers recorded as gifts rather than open-market sales or purchases, reflecting estate or family planning activity.
What indirect Corcept (CORT) holdings are shown for the Wilson Grantor Retained Annuity Trusts?
The filing shows 200,000 Corcept shares held indirectly in the Pamela D. Wilson 2025 Grantor Retained Annuity Trust and another 200,000 shares in the James N. Wilson 2025 Grantor Retained Annuity Trust. These entries are reported as holdings on the transaction date.