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.
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
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
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CORT-1780528546115 |
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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