Corcept (NASDAQ: CORT) CBO reports equity awards and tax-share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corcept Therapeutics’ Chief Business Officer Gary Charles Robb reported routine equity compensation and related tax withholding in common stock. On June 1, 2026, he acquired 776 shares under a purchase plan established within the 2024 Incentive Award Plan, with the price based on the closing price that day. The filing also notes restricted stock awards that vest after one year if specific service or ownership conditions are met. On June 2, 2026, 358 shares were withheld by the company at $70.44 per share to satisfy tax obligations tied to vesting restricted stock units, leaving him with 25,681 directly held shares. Additional common stock is held indirectly through a revocable trust and custodial accounts for his children.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Robb Gary Charles
Role
Chief Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 358 | $70.44 | $25K |
| Grant/Award | Common Stock | 776 | $70.44 | $55K |
| Grant/Award | Common Stock | 776 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 25,681 shares (Direct, null);
Common Stock — 12,571 shares (Indirect, Custodial Account for Child)
Footnotes (1)
- The Reporting Person purchased shares ("Purchase Plan Shares") of the Issuer's common stock pursuant to a purchase plan ("Purchase Plan") established under the Corcept Therapeutics Incorporated 2024 Incentive Award Plan on June 1, 2026. In accordance with the Purchase Plan, the price was established based on the closing price on the day of the purchase. Includes 997 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on June 2, 2025, 251 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on September 2, 2025, 224 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on December 1, 2025, and 499 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on March 2, 2026. 100% of the shares underlying the restricted stock awards will vest on the one-year anniversary of the grant date provided the Reporting Person satisfies certain requirements. Shares underlie unvested restricted stock awards granted to the Reporting Person by the Issuer under the Purchase Plan. 100% of the shares underlying the restricted stock awards will vest on the one-year anniversary of the grant date provided the Reporting Person remains the beneficial owner of the Purchase Plan Shares through such one-year anniversary. These shares were withheld by the Issuer in order to satisfy certain tax withholding obligations in connection with the issuance of shares upon the vesting of restricted stock units. The closing price on June 1, 2026 was used to calculate the withholding obligation. Includes 251 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on September 2, 2025, 224 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on December 1, 2025, and 499 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on March 2, 2026. 100% of the shares underlying the restricted stock awards will vest on the one-year anniversary of the grant date provided the Reporting Person satisfies certain requirements. These shares are held by a child of the Reporting Person through a custodial account under the Uniform Transfers to Minors Act for which the Reporting Person is custodian. These shares are held by a child of the Reporting Person through a custodial account under the Uniform Transfers to Minors Act for which the Reporting Person is custodian. These shares are held by Gary Charles Robb TTE Robb Revocable Trust of which the Reporting Person is trustee.
Key Figures
Equity award shares: 776 shares
Tax withholding shares: 358 shares
Tax withholding price: $70.44 per share
+3 more
6 metrics
Equity award shares
776 shares
Grant/award acquisition of common stock on June 1, 2026
Tax withholding shares
358 shares
Shares withheld to satisfy tax obligations on June 2, 2026
Tax withholding price
$70.44 per share
Price used to calculate withholding obligation on June 1–2, 2026
Direct holdings post-transaction
25,681 shares
Directly held Corcept common stock after June 2, 2026 transaction
Trust holdings
49,716 shares
Common stock held indirectly via Robb Revocable Trust
Custodial account holdings
12,571 shares
Common stock held indirectly in a custodial account for a child
Key Terms
restricted stock awards, restricted stock units, Purchase Plan, 2024 Incentive Award Plan, +2 more
6 terms
restricted stock awards financial
"Includes 997 shares underlying unvested restricted stock awards granted to the Reporting Person..."
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
restricted stock units financial
"tax withholding obligations in connection with the issuance of shares upon the vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Purchase Plan financial
"purchased shares ("Purchase Plan Shares") of the Issuer's common stock pursuant to a purchase plan ("Purchase Plan") established under the Corcept Therapeutics Incorporated 2024 Incentive Award Plan..."
2024 Incentive Award Plan financial
"purchase plan ("Purchase Plan") established under the Corcept Therapeutics Incorporated 2024 Incentive Award Plan on June 1, 2026."
tax withholding obligations financial
"These shares were withheld by the Issuer in order to satisfy certain tax withholding obligations in connection with the issuance of shares upon the vesting of restricted stock units."
Uniform Transfers to Minors Act financial
"custodial account under the Uniform Transfers to Minors Act for which the Reporting Person is custodian."
FAQ
What insider transactions did CORT executive Gary Charles Robb report in this Form 4?
Gary Charles Robb reported routine equity compensation and tax withholding. He acquired 776 Corcept Therapeutics common shares under a purchase plan and had 358 shares withheld by the company to cover tax obligations associated with vesting restricted stock units.
What indirect Corcept Therapeutics (CORT) holdings are reported for Gary Charles Robb?
The filing shows indirect holdings through the Gary Charles Robb TTE Robb Revocable Trust and custodial accounts for his children under the Uniform Transfers to Minors Act. These positions are reported as indirect ownership separate from his directly held common stock.
How do Gary Charles Robb’s restricted stock awards in CORT vest over time?
Certain restricted stock awards vest 100% on the one-year anniversary of their grant date. Vesting requires that Gary Charles Robb satisfy service requirements or, for some awards tied to purchase plan shares, remain the beneficial owner of those shares through the one-year anniversary.