Corcept Therapeutics (CORT) CAO sells 1,540 shares at $114.16
Rhea-AI Filing Summary
Corcept Therapeutics chief accounting & technology officer Joseph Douglas Lyon reported a sale of 1,540 shares of common stock on August 3, 2026, at $114.16 per share in an open-market or private transaction. After this trade, he holds 5,495 shares, including 200, 178, 398 and 537 shares underlying unvested restricted stock awards granted on September 2, 2025, December 1, 2025, March 2, 2026 and June 1, 2026, which will fully vest on the one-year anniversaries of their grant dates if required conditions are satisfied.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,540 shares
Net Sell
1 txn
Insider
Lyon Joseph Douglas
Role
See Remarks
Sold
1,540 shs ($176K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 1,540 | $114.16 | $176K |
Holdings After Transaction:
Common Stock — 5,495 shares (Direct)
Footnotes (1)
- F1. Includes 200 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on September 2, 2025, 178 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on December 1, 2025, 398 shares underlying unvested restricted stock awards granted to the Reporting Person by the Issuer on March 2, 2026 and 537 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.
Key Figures
Shares sold: 1,540 shares
Sale price: $114.16 per share
Shares held after sale: 5,495 shares
+4 more
7 metrics
Shares sold
1,540 shares
Common stock sale reported for August 3, 2026
Sale price
$114.16 per share
Price received for the 1,540 common shares sold
Shares held after sale
5,495 shares
Direct common stock holdings following the transaction
Unvested restricted shares (Sept. 2, 2025 grant)
200 shares
Shares underlying unvested restricted stock award vesting one year after the September 2, 2025 grant date
Unvested restricted shares (Dec. 1, 2025 grant)
178 shares
Shares underlying unvested restricted stock award vesting one year after the December 1, 2025 grant date
Unvested restricted shares (Mar. 2, 2026 grant)
398 shares
Shares underlying unvested restricted stock award vesting one year after the March 2, 2026 grant date
Unvested restricted shares (Jun. 1, 2026 grant)
537 shares
Shares underlying unvested restricted stock award vesting one year after the June 1, 2026 grant date
Key Terms
Common Stock, unvested restricted stock awards, grant date, vest
4 terms
Common Stock financial
"The security title for the reported transaction is Common Stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
unvested restricted stock awards financial
"Includes 200 shares underlying unvested restricted stock awards granted to the Reporting Person"
grant date financial
"100% of the shares underlying the restricted stock awards will vest on the one-year anniversary of the grant date"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
vest financial
"100% of the shares underlying the restricted stock awards will vest on the one-year anniversary"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Corcept Therapeutics (CORT) report for Joseph Douglas Lyon?
Corcept Therapeutics reported that executive Joseph Douglas Lyon sold 1,540 shares of common stock at $114.16 per share on August 3, 2026, in an open-market or private transaction, as disclosed in his Form 4 filing.
What unvested restricted stock awards in CORT are included in Joseph Douglas Lyon’s holdings?
His reported holdings include 200, 178, 398 and 537 shares underlying unvested restricted stock awards granted on September 2, 2025, December 1, 2025, March 2, 2026 and June 1, 2026, which vest 100% one year after each grant date if conditions are met.
Was Joseph Douglas Lyon’s Corcept Therapeutics (CORT) sale under a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox was not marked as affirmative, indicating the reported sale was not identified as being made under a Rule 10b5-1 trading plan in this filing.