Corcept Therapeutics (CORT) officer awarded stock options on 140,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corcept Therapeutics reported that officer Sean Maduck received a grant of stock options covering 140,000 shares of the company’s stock. The award was recorded as an acquisition of derivative securities at no cash cost on the grant date.
According to the terms, these options vest in equal installments on each monthly anniversary of February 27, 2026 over a four-year period, and vesting requires Mr. Maduck’s continued service through each vesting date. Following this grant, he is shown as holding stock options for 140,000 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Maduck Sean
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 140,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 140,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Corcept Therapeutics (CORT) report for Sean Maduck?
Corcept Therapeutics reported that officer Sean Maduck received a grant of stock options for 140,000 shares. The transaction is classified as an acquisition of derivative securities, increasing his directly held stock options to 140,000 shares following the grant.
What type of security did Sean Maduck acquire in the Corcept Therapeutics (CORT) Form 4?
Sean Maduck acquired a stock option, described as a “Stock Option (right to buy)” Corcept Therapeutics shares. This is a derivative security giving the right to purchase 140,000 shares, rather than an immediate purchase of common stock itself.
When was Sean Maduck’s Corcept Therapeutics (CORT) stock option grant dated?
The stock option grant to Sean Maduck is dated February 27, 2026. This date is used as the reference point for the vesting schedule, with the options vesting in monthly installments starting from each monthly anniversary of that date.
How do Sean Maduck’s Corcept Therapeutics (CORT) options vest over time?
The options vest ratably in equal installments on each monthly anniversary of February 27, 2026 over four years. Vesting is conditioned on his continued service through each vesting date, meaning unvested portions depend on ongoing employment.
Does the Corcept Therapeutics (CORT) filing show Sean Maduck buying or selling stock?
The filing does not show open-market buying or selling of common stock by Sean Maduck. It reports an acquisition of stock options as a grant or award, recorded as a derivative security transaction rather than a cash stock purchase or sale.