Timothy M. Papp - 08 Sep 2025 Form 4 Insider Report for DURECT CORP (DRRX)

Role
Chief Financial Officer
Signature
/s/ Timothy M. Papp
Issuer symbol
DRRX
Transactions as of
08 Sep 2025
Transactions value $
$143,000
Form type
4
Filing time
09 Sep 2025, 19:17:05 UTC
Previous filing
15 Jul 2025
Next filing
12 Sep 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Papp Timothy M. Chief Financial Officer C/O DURECT CORPORATION, 10240 BUBB ROAD, CUPERTINO /s/ Timothy M. Papp 08 Sep 2025 0001935786

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRRX Common Stock Options Exercise $143K +110K +34.2% $1.30 432K 08 Sep 2025 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DRRX Stock Option (right to buy) Options Exercise $0 -110K -100% $0.00 0 08 Sep 2025 Common Stock 110K $1.30 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option will vest and become exercisable in installments of one-sixteenth (1/16) of the total number of shares at the end of each three-month period following the grant date, subject to the Reporting Person providing continuous service to the Issuer through the applicable vesting date.