[Form 4] Corcept Therapeutics Inc. Insider Trading Activity
Gillian M. Cannon, a director of Corcept Therapeutics Inc. (CORT), reported a donation of 7,393 shares of the issuer's common stock executed on 09/10/2025 under transaction code G(1). The filing shows the shares were donated to a Fidelity Charitable Giving Account and the reporting person’s beneficial ownership of common stock following the transaction is reported as 0 shares. The Form 4 was signed by an attorney-in-fact, Joseph Douglas Lyon, on 09/11/2025. The filing includes a remark that the power of attorney is on file with the SEC.
- Clear disclosure of a charitable donation of 7,393 shares with transaction code G(1)
- Post-transaction beneficial ownership is explicitly reported as 0 shares, eliminating ambiguity
- Power of attorney and signature are documented, indicating procedural compliance
- Reduction to zero beneficial ownership may be notable for investors tracking insider holdings
Insights
TL;DR Director reported a charitable donation that reduced her reported holdings to zero; procedural filing appears routine.
The transaction was coded G(1), indicating a bona fide gift to a charitable account, and the filer discloses the power of attorney used to execute the Form 4. From a governance perspective, the disclosure meets Section 16 reporting requirements by reporting the donor, the amount gifted, and the post-transaction beneficial ownership. There is no indication of an associated sale or compensation transaction in this filing.
TL;DR Insider donated 7,393 shares; the report is informational and shows no sale or exercise activity.
As reported, the disposition was a donation rather than a market transaction, so there is no direct cash flow impact to the issuer. The filing discloses the exact share count and that the recipient is a Fidelity Charitable account. The timing and form execution are documented, suggesting standard compliance with reporting procedures. No additional transactions or derivative positions are reported.