Michael Raab - May 23, 2023 Form 4 Insider Report for ARDELYX, INC. (ARDX)

Role
President & CEO, Director
Signature
/s/ Elizabeth Grammer, Attorney-in-Fact for Michael Raab
Stock symbol
ARDX
Transactions as of
May 23, 2023
Transactions value $
-$41,489
Form type
4
Date filed
5/25/2023, 08:55 AM
Previous filing
Mar 21, 2023
Next filing
Jun 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARDX Common Stock Sale -$41.5K -11.4K -1.26% $3.65 888K May 23, 2023 Direct F1, F2
holding ARDX Common Stock 24.4K May 23, 2023 Family Trust F3
holding ARDX Common Stock 1K May 23, 2023 Family Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to an automatic sell-to-cover imposed by the terms of the initial grant of the restricted stock units ("RSUs") awards, the shares were sold upon the vesting of the RSUs solely to cover applicable withholding taxes.
F2 Reflects the adjusted total which includes the purchase of 3,000 shares under the Ardelyx Employee Stock Purchase Plan in February 2023.
F3 The shares are directly held by Michael G. Raab, Trustee of the Michael G. Raab Living Trust dated July 25, 2012.
F4 The shares are owned directly by trusts for the benefit of the Reporting Person's children.