Form 4: Corcept Director Reports Gift of Indirect Share Interests

Corcept Therapeutics Director G. Leonard Baker Jr. reported a gift of limited partnership interests affecting his indirect beneficial ownership of company common stock.

Summary

• G. Leonard Baker Jr., a Director of Corcept Therapeutics Inc. (CORT), filed a Form 4 to report changes in beneficial ownership.
• The transaction, dated January 1, 2026, was a gift (transaction code 'G') of limited partnership interests to other limited partners.
• Following this transaction, Mr. Baker beneficially owns 1,046,631 shares of Common Stock directly.
• He also indirectly beneficially owns 3,308,303 shares through a limited partnership and 955,262 shares through a trust.
• Mr. Baker disclaims beneficial ownership of shares held by the limited partnership and the trust, except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: This is a routine insider transaction report detailing a gift of indirect ownership interests, which has no direct operational or financial impact on the company.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• G. Leonard Baker Jr. reported a gift of limited partnership interests to other limited partners, which impacts his indirect beneficial ownership of Corcept Therapeutics common stock.

Stakeholder Impact

• Minimal impact on shareholders, as this is a routine disclosure of a director's personal transaction involving indirect ownership and does not reflect on the company's operational performance or strategy.

Key Dates

Keywords

Corcept Therapeutics, CORT, Form 4, Insider Transaction, Beneficial Ownership, Director, Gift, Equity