Corcept Therapeutics (CORT) CFO reports stock awards and tax-withholding trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corcept Therapeutics Chief Financial Officer Atabak Mokari reported a mix of share awards and tax withholding transactions in company stock. On March 2, 2026, he acquired 397 shares of common stock in one grant/award transaction at $35.97 per share and another 397-share grant at a stated price of $0.00 per share.
On March 3, 2026, 96 shares were disposed of in a tax-withholding transaction at $35.97 per share to cover obligations tied to vesting restricted stock units. Following these transactions, he directly owned 15,257 shares of common stock, including unvested restricted stock awards subject to future vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Mokari Atabak
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 96 | $35.97 | $3K |
| Grant/Award | Common Stock | 397 | $35.97 | $14K |
| Grant/Award | Common Stock | 397 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 15,257 shares (Direct)
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 March 2, 2026. In accordance with the Purchase Plan, the price was established based on the closing price on the day of the purchase. Includes 232 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on March 3, 2025, 775 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on June 2, 2025, 200 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on September 2, 2025 and 178 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on December 1, 2025. 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 March 2, 2026 was used to calculate the withholding obligation. Includes 775 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on June 2, 2025, 200 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on September 2, 2025 and 178 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on December 1, 2025. 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.
FAQ
What insider transactions did Corcept Therapeutics (CORT) CFO report on March 2–3, 2026?
The CFO reported two stock award acquisitions of 397 shares each on March 2, 2026, and a 96-share tax-withholding disposition on March 3, 2026. All transactions involved Corcept Therapeutics common stock at or referenced to a price of $35.97 per share.
What price was used for the Corcept Therapeutics (CORT) stock purchase plan and tax withholding?
The price for purchase plan shares and tax withholding was based on the March 2, 2026 closing price of $35.97. Footnotes state this closing price determined both the purchase plan share price and the calculation of the tax withholding obligation.
What vesting conditions apply to the Corcept Therapeutics (CORT) CFO’s restricted stock awards?
Unvested restricted stock awards generally vest 100% on the one-year anniversary of their grant date. Vesting requires that the CFO satisfy specified service requirements and, for awards under the purchase plan, remain the beneficial owner of the purchase plan shares through the one-year anniversary.