The cluster is routine in size relative to market cap and tied to option exercises/vesting. No bearish signal. Monitor for any 8-K filings or material events that could explain the timing, but the pattern is consistent with normal portfolio diversification.
Price Chart
Executive Summary
Five Corcept Therapeutics insiders, including the CEO, CFO, and Chief Development Officer, sold a total of $6.91M in open-market shares over a 7-day window. The sales are clustered around the vesting and exercise of stock options and restricted stock units, suggesting a liquidity/planning motive rather than a coordinated bearish signal. The total value represents ~0.09% of the $7.8B market cap, which is below the 0.1% materiality threshold for insider sales.
Key Financial Metrics
Key Facts
- Total insider sales of $6.91M across 5 insiders in a 7-day window
- CEO Joseph Belanoff sold $895K, CFO Atabak Mokari sold $2.80M, CDO William Guyer sold $1.41M
- Sales coincide with option exercises and RSU vesting (non-cash grants of $0 exercise price)
- Total sales represent ~0.09% of Corcept's $7.8B market cap
- CEO also made a non-cash gift of 300,000 shares on May 29
Financial Impact
Total insider sales of $6.91M, or ~0.09% of market cap
Risk Factors
- Insider sales could accelerate if stock continues to rise
- CEO gift of 300K shares may precede further selling by donee
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-1780606298668 |
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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