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.
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
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
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CORT-1780529647359 |
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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