Corcept officer buys 328 shares, 91 withheld for tax
Corcept Therapeutics’ chief business officer reported small equity grants, a tax withholding share disposition, and indirect trust and custodial holdings.
Rhea-AI Filing Summary
CORCEPT THERAPEUTICS INC (CORT) reported insider equity activity by Chief Business Officer Gary Charles Robb. On September 1, 2026, he acquired 164 shares of common stock through a purchase plan and a further 164 shares underlying restricted stock awards, which vest after one year if specified conditions are met. On September 2, 2026, 91 shares were withheld by the company to satisfy tax withholding obligations upon vesting of restricted stock units. He also reports indirect ownership of 39,716 shares held in a revocable trust, plus additional shares in 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 F5, F6, F7 | 91 | $113.38 | $10K |
| Grant/Award | Common Stock F1, F2, F3 | 164 | $113.38 | $19K |
| Grant/Award | Common Stock F4, F3 | 164 | $0.00 | $0.00 |
| holding | Common Stock F8 | -- | -- | -- |
| holding | Common Stock F9 | -- | -- | -- |
| holding | Common Stock F10 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,663 shares (Direct);
Common Stock — 39,716 shares (Indirect, Gary Charles Robb TTE Robb Revocable Trust);
Common Stock — 31,142 shares (Indirect, Custodial Account for Child)
Footnotes (10)
- F1. 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 September 1, 2026.
- F2. In accordance with the Purchase Plan, the price was established based on the closing price on the day of the purchase.
- F3. 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, 499 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on March 2, 2026 and 776 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on June 1, 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.
- F4. 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.
- F5. 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.
- F6. The closing price on September 1, 2026 was used to calculate the withholding obligation.
- F7. Includes 224 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on December 1, 2025, 499 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on March 2, 2026 and 776 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on June 1, 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.
- F8. These shares are held by Gary Charles Robb TTE Robb Revocable Trust of which the Reporting Person is trustee.
- F9. 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.
- F10. 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.
Key Figures
Purchase plan shares acquired: 164 shares
Additional restricted shares granted: 164 shares
Shares withheld for tax: 91 shares
+3 more
6 metrics
Purchase plan shares acquired
164 shares
Common stock purchased on September 1, 2026 under a purchase plan
Additional restricted shares granted
164 shares
Common stock underlying unvested restricted stock awards on September 1, 2026
Shares withheld for tax
91 shares
Common stock withheld September 2, 2026 to satisfy tax withholding obligations
Reference closing price
$113.38 per share
Closing price on September 1, 2026 used for purchase plan and tax calculation
Indirect trust holdings
39,716 shares
Common stock held by Gary Charles Robb TTE Robb Revocable Trust
Unvested restricted stock from prior grants
1,499 shares
Total unvested restricted stock from 2025–2026 grants included in holdings
Key Terms
restricted stock awards, restricted stock units, Uniform Transfers to Minors Act, Incentive Award Plan
4 terms
restricted stock awards financial
"Includes 251 shares underlying unvested restricted stock awards granted"
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
"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.
Uniform Transfers to Minors Act regulatory
"custodial account under the Uniform Transfers to Minors Act for which"
Incentive Award Plan financial
"established under the Corcept Therapeutics Incorporated 2024 Incentive Award Plan"
An incentive award plan is a formal program that rewards employees, executives, or directors with cash, stock, options, or other pay when the company meets set goals or performance targets. Like a sales commission or a loyalty program that pays out when you hit milestones, it’s designed to align staff behavior with company objectives; investors care because it affects a company’s costs, share count (dilution), leadership incentives, and long-term value creation.
FAQ
What insider transactions did CORT’s Chief Business Officer report on this Form 4?
The Chief Business Officer reported two acquisitions of 164 shares each of Corcept Therapeutics common stock on September 1, 2026, related to a purchase plan and restricted stock awards, and a disposition of 91 shares on September 2, 2026, withheld for tax obligations.
What are the vesting terms of the new restricted stock awards at CORT?
The filing states that 100% of the shares underlying the relevant restricted stock awards vest on the one-year anniversary of the grant date, provided the reporting person satisfies certain requirements, including in some cases remaining the beneficial owner of the purchase plan shares.
What indirect holdings of Corcept Therapeutics (CORT) stock does the insider report?
The insider reports 39,716 shares of Corcept Therapeutics common stock held indirectly through the Gary Charles Robb TTE Robb Revocable Trust, where he is trustee, plus additional shares held for his children in custodial accounts under the Uniform Transfers to Minors Act.
Were the reported CORT transactions made under a Rule 10b5-1 trading plan?
The form’s Rule 10b5-1 checkbox is not checked, and there is no footnote stating that the reported transactions were made under a Rule 10b5-1 trading plan, although some shares were acquired under a purchase plan established under the 2024 Incentive Award Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
