Company: CORT
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022173
Chunk: 86

Company: CORCEPT THERAPEUTICS INC
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 86
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5, we issued 165,406 shares of common stock as part of net-share settlement of cashless option exercises, of which 62,818 shares were surrendered to us. In January 2025, we issued 22,588 shares of common stock as part of restricted award vesting, of which 8,934 shares were surrendered to us in satisfaction of related tax obligations. In February 2025, we issued 51,499 shares of common stock as part of restricted award vesting, of which 20,731 shares were surrendered to us. In March 2025, we issued 44,095 shares of common stock as part of restricted award vesting, of which 16,595 shares were surrendered to us.(2)We paid $15.8 million to satisfy the tax withholding obligations associated with the net-share settlement of these cashless option exercises and restricted stock vesting.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

Not applicable.

ITEM 4.  MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5.  OTHER INFORMATION

Insider Trading Arrangements

During the three months ended March 31, 2025, no directors and officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted, terminated, or modified any contract, instruction or written plan for the purchase or sales of our securities intended to satisfy the affirmative defense of Rule 10b5-1(c) of the Exchange or any “non-Rule 10b5-1 trading arrangement,” as defined in Item 408(a) of Regulation S-K.

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ITEM 6.  EXHIBITSExhibitNumber Description of Document3.1 Restated Certificate of Incorporation (incorporated by reference to Exhibit 3.1 to the registrant’s Current Report on Form 8-K filed on May 24, 2023).3.2 Amended and Restated Bylaws (incorporated by reference to Exhibit 3.1 to the registrant’s Current Report on Form 8-K filed on December 11, 2023).31.1 Rule 13a-14(a)/15d-14(a) Certifications of Joseph K. Belanoff, M.D., Chief Executive Officer of the registrant.31.2 Rule 13a-14(a)/15d-14(a) Certifications of Atabak Mokari