Corcept director sells 26,685 shares after exercise
Rhea-AI Filing Summary
For CORCEPT THERAPEUTICS INC (CORT), director Kimberly Park reported an option exercise and related share dispositions on August 26, 2026. She exercised 30,000 stock options to acquire 30,000 shares of common stock at an exercise price of $13.49 per share, from a grant that is described as fully exercisable and expires on September 17, 2029. To fund the exercise, 3,315 shares of common stock were withheld by the issuer as payment of the exercise price, and 26,685 shares of common stock were sold at a weighted average price of $122.5471 per share, with actual sale prices ranging from $122.50 to $122.80. After this transaction, 30,000 stock options remain reported as directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F3 | 30,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 30,000 | $13.49 | $405K |
| Exercise Price Payment | Common Stock F1 | 3,315 | $122.09 | $405K |
| Sale | Common Stock F2 | 26,685 | $122.5471 | $3.27M |
Footnotes (3)
- F1. These shares were withheld by the Issuer in order to cover the exercise price in connection with the net exercise of stock options reported herein.
- F2. Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range from $122.50 to $122.80 per share. Information on the exact number of shares sold at each sale price can be obtained from the Issuer upon request.
- F3. Fully exercisable.
Key Figures
Key Terms
Stock Option (right to buy financial
Exercise or conversion of derivative security financial
net exercise of stock options financial
weighted average sale price financial
Payment of exercise price by delivering or withholding securities financial
FAQ
What did CORT director Kimberly Park report on this Form 4?
How many CORT stock options did Kimberly Park exercise and at what price?
Does Kimberly Park still hold Corcept Therapeutics stock options after this transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.