Corcept Therapeutics (CORT) CSO Hazel Hunt awarded 140,000 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corcept Therapeutics reported that Chief Scientific Officer Hazel Hunt received a grant of stock options. The award covers 140,000 stock options with a stated exercise price of $0.00 per share, reflecting a compensatory equity grant rather than an open-market purchase.
These options begin vesting from February 27, 2026 and will vest in equal installments on each monthly anniversary of that date over a four-year period. Vesting is conditioned on Hunt’s continued service through each vesting date, tying the award to long-term employment and performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hunt Hazel
Role
Chief Scientific Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 140,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 140,000 shares (Direct)
Footnotes (1)
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FAQ
What did Corcept Therapeutics (CORT) disclose about Hazel Hunt in this Form 4?
Corcept Therapeutics disclosed that Chief Scientific Officer Hazel Hunt received a grant of 140,000 stock options. The options were awarded at a stated exercise price of $0.00 per share and are structured as part of her equity compensation package.
How many stock options did Hazel Hunt receive from Corcept Therapeutics (CORT)?
Hazel Hunt received 140,000 stock options from Corcept Therapeutics. This entire amount is reported as beneficially owned following the transaction, indicating it is a new equity award rather than a partial adjustment to an existing option position.
What is the exercise price of Hazel Hunt’s Corcept Therapeutics (CORT) stock options?
The reported exercise price of Hazel Hunt’s stock options is $0.00 per share. This structure is typical for certain compensatory grants, making the economic value dependent on the company’s share price performance and the continued vesting of the award over time.
How do Hazel Hunt’s Corcept Therapeutics (CORT) options vest over time?
Hazel Hunt’s options vest in equal installments on each monthly anniversary of February 27, 2026, over a four-year period. Vesting is contingent on her continued service through each vesting date, aligning the award with long-term retention and ongoing employment at Corcept Therapeutics.
Is Hazel Hunt’s Form 4 transaction a purchase or a grant of CORT securities?
Hazel Hunt’s Form 4 transaction reflects a grant or award acquisition of derivative securities, not an open-market purchase. The filing classifies the transaction under code A, meaning a compensatory grant of stock options rather than a buy or sell in the public market.
Does Hazel Hunt hold the Corcept Therapeutics (CORT) options directly or indirectly?
The Form 4 indicates Hazel Hunt holds the 140,000 stock options directly. The ownership code is reported as direct, and there is no footnote describing any trust, LLC, or third-party entity holding voting or investment power over these derivative securities.