CORT CORCEPT THERAPEUTICS INC
Price Chart
Executive Summary
Four CORT insiders — including the CEO, CFO, and two senior executives — sold a total of $5.50M in open-market shares within a one-week window. CFO Mokari Atabak led with a 40,000-share sale ($2.80M), while CEO Belanoff and executive Maduck each sold over $1M. Most sales followed option exercises and were concentrated at $69-70, near recent highs. The cluster dollar value is 0.07% of CORT's $7.6B market cap, which falls below the 0.1% threshold for materiality, and the selling pattern aligns with routine post-vesting diversification rather than a coordinated bearish signal.
Key Financial Metrics
Actionable Insight
This cluster is small relative to market cap and consistent with routine post-vesting diversification. No evidence of a coordinated bearish view. CORT continues to trade at $70 with 83% analyst bullish consensus. Monitor next earnings filing for business updates — insider selling at this scale is not actionable on its own.
Key Facts
- 4 insiders sold $5.50M total in open-market sales over May 27 – June 1, 2026
- CFO Atabak sold 40,000 shares for $2.80M (largest single sale)
- CEO Belanoff sold 12,837 shares for $895K
- Maduck sold 21,069 shares for $1.48M after exercising options
- Total open-market sales = 0.07% of CORT's $7.6B market cap — below materiality threshold
- Sales followed option exercises at $8.27-$19.26 strike prices, indicating routine profit-taking
- CFO also had 395 shares withheld for taxes on June 2 (non-cash event)
Financial Impact
$5.50M in open-market sales, representing 0.07% of market cap
Risk Factors
- Insider selling could accelerate if stock continues to rally toward all-time highs
- Options exercises will add modest dilution (~78k shares exercised)
- Large June 2026 gift of 300k shares by CEO Belanoff may precede additional sales (gift eliminates holding period for future sales)
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CORT-1780529647359 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 4, 2026
today
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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
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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
2d ago
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8-K
| $72.65 awaiting T+1 | awaiting T+1 | — | $72.96 (+0.42%) |
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Jun 2, 2026
2d ago
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Insider Cluster
| $72.65 $74.89 | ▲ +3.08% | ▲ +2.68% | $72.96 (+0.42%) |
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May 29, 2026
6d ago
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Insider Cluster
| $70.44 $71.20 | ▲ +1.08% | ▲ +0.93% | $72.96 (+3.57%) |
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May 29, 2026
6d ago
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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% | $72.96 (+41.88%) |
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Mar 20, 2026
11w ago
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Insider Cluster
| $34.64 $33.63 | ▼ −2.92% | ▼ −4.02% | $72.96 (+110.61%) |
US Market Status
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