PAPP TIMOTHY M. (Chief Financial Officer) exercised options at DURECT CORP
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 1 exercise
Filed: 9/9/2025ACC: 0000950170-25-113858
Officer· Chief Financial Officer
Since Jul 2022
0.00
Net shares
Net seller
$143.0K
Total acquired
0
Open market trades
0B · 0S
2
Total transactions
110K acquired · 110K disposed
Non-Derivative Transactions1
Common Stock
Direct
Shares
+110K
Price / share
$1.30
Trade value
$143K
% of position
34.2%
9/8/2025
321.66K→431.66K
Total
Net shares
+110K
Net value
$143K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 9/8/2025 | M · Option Exercise | +110K | $1.30 | $143K | 34.2% | 321.66K | 431.66K |
| Total | +110K | $143K | ||||||
Derivative Transactions1
Stock Option (right to buy)
Direct
Converts to
Common Stock
110K shares
Shares
−110K
Strike price
1.3
Held after
0.00
Exercisable
—
9/8/2025
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Stock Option (right to buy) Direct | Common Stock110K shares | 9/8/2025 | M · Option Exercise | −110K | 1.3 | — | 0.00 |