CDO William Guyer sells 20,000 CORT shares at $70.60 under pre-arranged 10b5-1 plan; retains 150,000 stock options.
William Guyer, Chief Development Officer of Corcept Therapeutics, sold 20,000 shares at $70.60 on 2026-06-02 as part of a scheduled 10b5-1 trading plan adopted on 2024-11-27. The trade reduced his direct shareholding from 23,985 to 3,985 shares while leaving 150,000 stock options intact. The stock has appreciated 40.8% over the prior 30 days and 113.4% over 90 days, and currently trades at $72.65—near its 52-week range of $28.66–$91.00 and only 20.2% below the recent high. Across his same-ticker history at CORT, Guyer's five prior sales show a volatile pattern: gains in the 30 days following two May 2026 and November 2025 sales, but losses between -55.1% and -57.0% over 90 days after both December 2025 sales. The company is unprofitable (net income $-31.8M against revenue of $164.9M) with a elevated P/E of 165.11. Because this sale is pre-arranged and scheduled rather than discretionary, the filing provides limited signal about Guyer's current conviction; investors should note the structured execution and monitor whether the company's profitability trajectory aligns with its valuation.