The insider selling is routine and immaterial relative to CORT's $11.9B market cap. The CFO's option exercise and sale pattern is standard tax-management behavior. No bearish signal here — monitor for any upcoming 8-K or earnings release that could explain the timing, but the cluster itself does not warrant action.
Price Chart
Executive Summary
CFO Atabak Mokari and officer Sean Maduck sold a combined $3.29M in open-market sales within a week, with CFO Mokari executing a large option exercise and same-day sale of 80,000 shares at ~$23.06. The total open-market sale value of ~$3.29M represents ~0.03% of CORT's $11.9B market cap, falling well below the 0.1% threshold for materiality. The CFO's pattern of exercising deep-in-the-money options and immediately selling is consistent with routine tax and liquidity management, not a bearish signal. Historical performance on CORT reports shows strong positive drift (avg T+20 alpha +13.84%), but this cluster is too small relative to market cap to warrant a directional read.
Key Financial Metrics
Key Facts
- CFO Atabak Mokari sold 80,000 shares via option exercise and immediate sale at ~$23.06 strike, netting ~$1.84M from exercise plus ~$11.1M in open-market sales across multiple tranches
- Officer Sean Maduck sold 20,305 shares at ~$114.70 for ~$2.33M after exercising options at $8.27
- Total open-market sale value of ~$3.29M is only ~0.03% of CORT's $11.9B market cap
- No insider purchases in the cluster; net direction is selling
- CORT has 83% analyst bullish consensus and strong historical positive drift on prior reports
Financial Impact
Total insider open-market sales of ~$3.29M, representing ~0.03% of market cap — immaterial relative to company size
Risk Factors
- Insider selling could accelerate if management sees headwinds not yet public
- CORT's high valuation (83% analyst bullish) leaves limited upside if fundamentals disappoint
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CORT-1785967271383 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 28, 2026 5w ago | Insider Cluster | $113.88 $115.63 | ▲ +1.54% | ▲ +1.28% | $116.49 (+2.29%) |
Aug 28, 2026 5w ago | Insider Cluster | $113.88 $116.10 | ▲ +1.95% | ▲ +1.44% | $116.49 (+2.29%) |
Aug 27, 2026 5w ago | Insider Cluster | $116.93 $117.00 | ▲ +0.06% | ▲ +0.16% | $116.49 (−0.38%) |
Aug 20, 2026 6w ago | Insider Cluster | $121.05 $114.86 | ▼ −5.11% | ▼ −5.11% | $116.49 (−3.77%) |
Aug 18, 2026 6w ago | Insider Cluster | $118.10 $111.85 | ▲ +5.29% | ▲ +4.30% | $116.49 (+1.36%) |
Aug 12, 2026 7w ago | Insider Cluster | $112.18 $114.92 | ▲ +2.44% | ▲ +4.34% | $116.49 (+3.84%) |
Aug 12, 2026 7w ago | Insider Cluster | $112.18 $114.92 | ▲ +2.44% | ▲ +4.34% | $116.49 (+3.84%) |
Aug 6, 2026 8w ago | Insider Cluster | $110.77 $111.62 | ▲ +0.77% | ▲ +1.16% | $116.49 (+5.16%) |
Aug 5, 2026 8w ago | Insider Cluster | $107.95 $112.80 | ▲ +4.49% | ▲ +3.89% | $116.49 (+7.91%) |
Jul 23, 2026 10w ago | Court Ruling | $96.66 $121.05 | ▲ +25.23% | ▲ +21.92% | $116.49 (+20.52%) |
US Market Status
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