The insider sales are immaterial relative to market cap and likely driven by routine diversification or tax planning. The CEO's gift and director's gift are non-cash events with no market signal. Monitor upcoming earnings for any fundamental changes, but this cluster alone does not warrant a bearish read.
Price Chart
Executive Summary
Two Corcept Therapeutics insiders sold a combined $3.89M in open-market sales on May 27, 2026, with CEO Belanoff also gifting 300,000 shares (non-cash) on May 29. The sales represent ~0.05% of the $7.6B market cap, well below the 0.1% materiality threshold, and are likely routine liquidity/vesting-related transactions rather than a bearish signal.
Key Financial Metrics
Key Facts
- Maduck Sean sold 54,575 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
- CEO Belanoff gifted 300,000 shares at $0 (non-cash) on May 29
- CEO Belanoff also sold 12,837 shares at $69.74 for $895K on June 1
- Total open-market sales in cluster: $3.89M, or ~0.05% of $7.6B market cap
- Director Wilson gifted 892,056 shares at $0 (non-cash) on May 27
- Maduck also exercised 75,000 derivative shares at $8.27 for $620,250 (non-cash exercise)
Financial Impact
Open-market sales of $3.89M represent ~0.05% of market cap — trivial relative to company size
Risk Factors
- CEO's June 1 sale at higher price ($69.74) could indicate incremental selling, but still small relative to his holdings
- No insider buying to offset the selling pattern
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-1780430796567 |
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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