Insider Cluster (1 insider) ·Filed Mar 17, 2026
Insider cluster: 2 insiders, $2.9M total
Actionable Insight • Neutral
Monitor for additional insider selling; this single sale is routine and not indicative of distress, but track whether it's part of a broader trend ahead of earnings or regulatory events.
Final — all horizons settled through T+60d
CORT ▲ +131.24% at T+60d
NEUTRAL call ✓ call won +131.24% · α vs SPY +121.38% · entry $33.51 → $77.49
T+1d
-0.63%
call -0.63% · α +0.77%
$33.30
settled 7mo ago
T+5d
+0.93%
call +0.93% · α +3.58%
$33.82
settled 6mo ago
T+20d
+31.01%
call +31.01% · α +26.71%
$43.90
settled 6mo ago
T+60d
+131.24%
call +131.24% · α +121.38%
$77.49
settled 4mo ago
Price Chart
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Executive Summary
Chief Development Officer William Guyer exercised stock options and sold 11,767 shares in the open market for approximately $424,000. The transaction was part of a pre-arranged plan or routine post-exercise sale, with no open-market purchases observed in the cluster.
Key Financial Metrics
Direction
selling
Total Value
$423.7K
Insiders
1
Key Facts
- William Guyer, Chief Development Officer, exercised 23,534 derivative securities on March 20, 2026, in two tranches: one non-cash exercise (11,767 shares at $0) and one at $21.65 per share.
- He sold 11,767 shares in the open market at $36.01, generating $423,730 in proceeds.
- Total value of open-market sale represents ~0.012% of company's $3.6B market cap — well below materiality threshold.
Financial Impact
$423,730 in open-market share sales by C-suite executive
insider ownershippotential dilution
Risk Factors
- Perception risk if viewed as insider exiting position, though likely routine option exercise and sale
- Potential for misinterpretation due to lack of public 10b5-1 plan disclosure timing
Market Snapshot
Exchange
Nasdaq
Investment Themes
Biotech & Drug Discovery
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (3 trades, 7d window) | cluster-CORT-1774385713966 |
26 reports for CORT
100% Hit rate best @ T+60▲ +63.06%
Filters
Rows
| 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%) |
Showing 10 of 26
US Market Status
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