James E. Brown - 09 Sep 2025 Form 4 Insider Report for DURECT CORP (DRRX)

Role
President & CEO, Director
Signature
/s/ James E. Brown
Issuer symbol
DRRX
Transactions as of
09 Sep 2025
Net transactions value
+$340,500
Form type
4
Filing time
11 Sep 2025, 17:52:25 UTC
Previous filing
10 Sep 2025
Next filing
16 Sep 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
BROWN JAMES E President & CEO, Director C/O DURECT CORPORATION, 10240 BUBB ROAD, CUPERTINO /s/ James E. Brown 11 Sep 2025 0001134620

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRRX Common Stock Options Exercise $171,500 +131,923 +47% $1.30 415,335 09 Sep 2025 Direct
transaction DRRX Common Stock Options Exercise $169,000 +130,000 +31% $1.30 545,335 10 Sep 2025 Direct
holding DRRX Common Stock 8,000 09 Sep 2025 by Brown 2006 Trust F1

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 -131,923 -36% $0.000000 233,077 09 Sep 2025 Common Stock 131,923 $1.30 Direct F2
transaction DRRX Stock Option (right to buy) Options Exercise $0 -130,000 -56% $0.000000 103,077 10 Sep 2025 Common Stock 130,000 $1.30 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held by the Brown Family Trust DTD 5/10/2006.
F2 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.