CORT CORCEPT THERAPEUTICS INC
Price Chart
Executive Summary
CEO Joseph Belanoff sold $895K worth of CORT shares on June 1, and two other executives sold a combined $3.9M on May 27, forming a $4.79M insider selling cluster over a 7-day window. The total sales represent approximately 0.06% of CORT's $7.6B market cap, which is below the 0.1% materiality threshold and considered trivial. The CEO also gifted 300,000 shares (non-cash) and the CBO had routine tax-withholding and grant transactions, which do not alter the cluster's neutral read.
Key Financial Metrics
Actionable Insight
The dollar value of insider sales is trivial relative to CORT's $7.6B market cap. Per academic literature, cluster sales are not predictive of future returns, especially when driven by routine diversification or vesting. No bearish signal here — monitor for any upcoming 8-K or earnings release that might explain the timing, but this cluster alone does not warrant a trade.
Key Facts
- CEO Joseph Belanoff sold 12,837 shares at $69.74 for $895K on June 1
- Maduck Sean sold 54,600 shares at $65.37 for $3.57M on May 27
- Lyon Joseph Douglas sold 5,000 shares at $65.00 for $325K on May 27
- Total cluster sales: $4.79M, or ~0.06% of $7.6B market cap
- CEO also gifted 300,000 shares (non-cash) on May 29
- CBO Gary Charles had a grant of 776 shares and tax withholding of 358 shares (both non-cash)
- No open-market purchases in the cluster
Financial Impact
Total insider sales of $4.79M represent ~0.06% of market cap — well below the 0.1% materiality floor
Risk Factors
- Insider sales could accelerate if the stock continues to appreciate, but current volume is immaterial
- CEO's large gift (300K shares) may precede further selling by the donee, though not reportable by the insider
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CORT-1780528546115 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 4, 2026
1d ago
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Insider Cluster
| — | awaiting T+1 | — | — |
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Jun 3, 2026
1d ago
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Insider Cluster
| — | awaiting T+1 | — | — |
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Jun 3, 2026
1d ago
|
Insider Cluster
| — | awaiting T+1 | — | — |
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Jun 3, 2026
1d ago
|
Insider Cluster
| — | awaiting T+1 | — | — |
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Jun 3, 2026
2d ago
|
8-K
| $72.65 $74.89 | ▲ +3.08% | ▲ +2.68% | $72.62 (−0.04%) |
|
Jun 2, 2026
3d ago
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Insider Cluster
| $72.65 $74.89 | ▲ +3.08% | ▲ +2.68% | $72.62 (−0.04%) |
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May 29, 2026
6d ago
|
Insider Cluster
| $70.44 $71.20 | ▲ +1.08% | ▲ +0.93% | $72.62 (+3.09%) |
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May 29, 2026
6d ago
|
Insider Cluster
| — | awaiting T+1 | — | — |
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May 1, 2026
5w ago
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Insider Cluster
| $51.42 $51.60 | ▲ +0.35% | ▲ +0.69% | $72.62 (+41.23%) |
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Mar 20, 2026
11w ago
|
Insider Cluster
| $34.64 $33.63 | ▼ −2.92% | ▼ −4.02% | $72.62 (+109.64%) |
US Market Status
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