In psychiatric disorders, common and rare genetic variants cause widespread dysfunction of cells and their interactions, especially in the prefrontal cortex, giving rise to psychiatric symptoms. To better understand these processes, we traced the effects of common and rare genetics, and cumulative disease risk scores, to their molecular footprints in human cortical single-cell types. We demonstrated that examining gene expression at single-exon resolution is crucial for understanding the cortical dysregulation associated with diagnosis and genetic risk derived from common variants. We then used disease risk scores to identify a core set of genes that serve as a footprint of common and rare variants in the cortex. Pathways enriched in these genes indicated impaired cell-cell interactions and neuronal activity in psychopathology. With single-nuclei-RNA-sequencing, we pinpointed these effects to inhibitory cortical neurons and oligodendrocyte progenitors, two cell-types that closely interact. This constitutes a clear cellular target for new treatments for psychiatric disorders.