SCHEDULE 13G/A: R. Scott Asen Discloses 9.92% Beneficial Ownership in Durect Corp.
Beneficial Ownership Statement
R. Scott Asen has filed an amended Schedule 13G, reporting a 9.92% beneficial ownership stake in Durect Corp. as of December 31, 2024.
Summary
- R. Scott Asen reported beneficial ownership of 3,080,000 shares of Durect Corp. common stock as of December 31, 2024.
- This ownership represents 9.92% of Durect Corp.'s issued and outstanding common stock, calculated based on 31,041,981 shares outstanding as of September 30, 2024.
- The reported stake is comprised of 2,550,000 shares directly owned by Mr. Asen, 30,000 shares held by The Asen Foundation (where Mr. Asen serves as a trustee with investment authority), and 500,000 shares held by Managed Accounts advised by Asen and Co.
- Mr. Asen holds sole voting and dispositive power over 2,580,000 shares (including direct and Foundation shares) and shared voting and dispositive power over 500,000 shares (Managed Accounts).
- Mr. Asen disclaims beneficial ownership of shares held by the Foundation and Managed Accounts except to the extent of his pecuniary interest.
- The filing certifies that the securities were not acquired or held for the purpose of changing or influencing control of Durect Corp., other than activities solely in connection with a nomination under Rule 14a-11.
Sentiment
Score: 5
Explanation: The document is a routine beneficial ownership disclosure, providing factual information without indicating positive or negative operational or financial performance.
Positives
- The continued disclosure of a significant 9.92% stake by R. Scott Asen, a substantial investor, may be viewed as a sign of ongoing confidence in Durect Corp.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of beneficial ownership and does not provide information related to broader industry trends or competitive analysis.
Stakeholder Impact
- Provides transparency to shareholders regarding significant ownership stakes, which can influence investor perception and confidence.
Key Dates
| Date | Description |
|---|---|
| 2024-12-31 | Date of event which requires the filing of this statement (beneficial ownership calculation date). |
| 2025-01-07 | Date of filing of the Schedule 13G Amendment No. 2. |
Keywords
Durect Corp., R. Scott Asen, Schedule 13G, beneficial ownership, common stock, SEC filing, institutional investor, shareholding
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