Corcept director exercises options, shifts shares

Q: What indirect Corcept share holdings are reported for entities associated with James N. Wilson?

The filing reports 1,134,532 shares held by the James N. and Pamela D. Wilson Trust, 901,067 shares by James and Pamela Wilson Family Partners, and 200,000 shares each by two 2025 Grantor Retained Annuity Trusts. Wilson has voting power but disclaims full beneficial ownership.

Corcept Therapeutics director James N. Wilson reported several equity moves involving stock options and trust-related holdings.

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Rhea-AI Filing Summary

Corcept Therapeutics director James N. Wilson reported several equity moves involving stock options and trust-related holdings. He exercised stock options for 100,000 shares of common stock at an exercise price of $3.88 per share through a derivative conversion.

Of the resulting shares, 10,636 shares of common stock were disposed of to cover the exercise price or tax liability at a price of $36.48 per share in a tax-withholding transaction. He then made a bona fide gift of 89,364 shares of common stock, transferring them without consideration to the James N. Wilson and Pamela D. Wilson Trust.

The filing shows 1,134,532 shares of common stock held indirectly by the James N. Wilson and Pamela D. Wilson Trust, 901,067 shares held indirectly by James and Pamela Wilson Family Partners, and 200,000 shares each held indirectly by the James N. Wilson 2025 Grantor Retained Annuity Trust and the Pamela D. Wilson 2025 Grantor Retained Annuity Trust. Wilson has voting power over the trust and partnership shares pursuant to voting agreements and disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary

100,000 shares exercised/converted

Exercise 8 txns

Insider WILSON JAMES N

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock option (right to buy)	100,000	$0.00	$0.00
Exercise	Common Stock	100,000	$3.88	$388K
Exercise Price or Tax Liability	Common Stock	10,636	$36.48	$388K
Gift	Common Stock	89,364	$0.00	$0.00
Other	Common Stock	89,364	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock option (right to buy) — 0 contracts (Direct); Common Stock — 0 shares (Direct); Common Stock — 1,134,532 shares (Indirect, James N. Wilson and Pamela D. Wilson Trust); Common Stock — 901,067 shares (Indirect, James and Pamela Wilson Family Partners); Common Stock — 200,000 shares (Indirect, James N. Wilson 2025 Grantor Retained Annuity Trust.); Common Stock — 200,000 shares (Indirect, Pamela D. Wilson 2025 Grantor Retained Annuity Trust.)

Footnotes (4)

F1. These shares were withheld so the Reporting Person could satisfy the exercise price arising from a net (cashless) exercise of stock options. The options subject to the net exercise were to expire on February 26, 2026.
F2. Transfer of shares without consideration to the James N. Wilson and Pamela D. Wilson Trust.
F3. Reporting Person has voting power over the shares held by the James N. Wilson and Pamela D. Wilson Trust and James and Pamela Wilson Family Partners pursuant to voting agreements and disclaims beneficial ownership of all of such shares, except to the extent of his pecuniary interest therein.
F4. Fully exercisable.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Corcept (CORT) director James N. Wilson report in this Form 4?

James N. Wilson reported exercising stock options for 100,000 Corcept shares and related movements of common stock. These included tax-withholding dispositions and transfers of shares to family trust and partnership entities associated with him and his spouse.

How many Corcept shares did James N. Wilson acquire through option exercise?

He exercised stock options for 100,000 shares of Corcept common stock at an exercise price of $3.88 per share. This was reported as a derivative exercise or conversion transaction coded “M” on the Form 4 filing.

Why were 10,636 Corcept shares disposed of in this filing?

10,636 shares of Corcept common stock were disposed of at $36.48 per share to cover the option exercise price or tax liability. The Form 4 classifies this as a tax-withholding disposition under transaction code “F.”

What is the significance of the 89,364 Corcept shares transferred as a gift?

89,364 Corcept shares were transferred as a bona fide gift to the James N. Wilson and Pamela D. Wilson Trust. The transfer was made without consideration, shifting shares from Wilson’s direct ownership to an associated trust structure.

How does James N. Wilson describe his beneficial ownership of the Corcept shares in trusts and partnerships?

He states that he has voting power over shares held by the trust and family partnership under voting agreements, but disclaims beneficial ownership of all such shares except to the extent of his pecuniary interest in those entities.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/26/2026 - 04:45 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

WILSON JAMES N

(Last)

(First)

(Middle)

C/O CORCEPT THERAPEUTICS INCORPORATED

101 REDWOOD SHORES PARKWAY

(Street)

REDWOOD CITY

94065

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CORCEPT THERAPEUTICS INC [ CORT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/24/2026		M		100,000	A	$3.88	100,000	D
Common Stock	02/24/2026		F⁽¹⁾		10,636	D	$36.48	89,364	D
Common Stock	02/24/2026		G⁽²⁾		89,364	D	$0	0	D
Common Stock	02/24/2026		J⁽²⁾		89,364	A	$0	1,134,532	I	James N. Wilson and Pamela D. Wilson Trust⁽³⁾
Common Stock								901,067	I	James and Pamela Wilson Family Partners⁽³⁾
Common Stock								200,000	I	James N. Wilson 2025 Grantor Retained Annuity Trust.
Common Stock								200,000	I	Pamela D. Wilson 2025 Grantor Retained Annuity Trust.

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock option (right to buy)	$3.88	02/24/2026		M		100,000		⁽⁴⁾	02/26/2026	Common Stock	100,000	$0	0	D

Explanation of Responses:

1. These shares were withheld so the Reporting Person could satisfy the exercise price arising from a net (cashless) exercise of stock options. The options subject to the net exercise were to expire on February 26, 2026.

2. Transfer of shares without consideration to the James N. Wilson and Pamela D. Wilson Trust.

3. Reporting Person has voting power over the shares held by the James N. Wilson and Pamela D. Wilson Trust and James and Pamela Wilson Family Partners pursuant to voting agreements and disclaims beneficial ownership of all of such shares, except to the extent of his pecuniary interest therein.

4. Fully exercisable.

Remarks:

The power of attorney under which this form was signed is on file with the Commission.

	/s/ Joseph Douglas Lyon, as attorney-in-fact for James N. Wilson	02/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR