Corcept (CORT) Officer Reports 200-Share Donation; Holdings Now 5,287
Rhea-AI Filing Summary
William Guyer, Chief Development Officer of Corcept Therapeutics Inc. (CORT), reported a transaction dated 09/19/2025. The Form 4 shows a disposition of 200 shares of Common Stock coded as G(1) at a price of $0, with an explanatory note that the shares were donated to a Fidelity Charitable Giving Account. Following the reported transaction, the reporting person beneficially owned 5,287 shares. The form is signed by an attorney-in-fact and cites a power of attorney on file with the SEC.
Positive
- Transparent disclosure of the transaction including date, amount disposed, and post-transaction holdings
- Explanation provided that the disposition was a donation to a Fidelity Charitable Giving Account
- Form signed and power of attorney referenced, indicating procedural completeness
Negative
- Reduction in insider holdings of 200 shares (beneficial ownership falls to 5,287 shares)
- No percentage of outstanding shares disclosed, so ownership stake relative to total shares outstanding is not shown
Insights
TL;DR: Insider reported a 200-share donation, reducing beneficial holdings to 5,287 shares; transaction appears non-sale and non-cash.
The Form 4 discloses a non-cash disposition coded G(1) that the filer explains as a donation to a charitable account. Because the transaction is a gift, no cash proceeds are reported and the entry lists a price of $0. The remaining beneficial ownership is explicitly stated as 5,287 shares. The filing provides straightforward disclosure of the change in ownership but contains no financial details about total insider stake percentage or company-wide share counts, so materiality to the cap table cannot be assessed from this form alone.
TL;DR: Proper Section 16 disclosure of a charitable disposition; documentation and signature by attorney-in-fact noted.
The report uses the G(1) transaction code and includes an explicit explanation identifying the recipient as a Fidelity Charitable Giving Account, which aligns with Rule 16 reporting for gifts. The filing notes that a power of attorney was used and is on file with the Commission, and it is signed by the attorney-in-fact. The form meets standard disclosure elements: reporting person identity, relationship to issuer, transaction date, amount disposed, post-transaction holdings, and explanation. No governance concerns or corrective amendments are indicated within this document.