Jeffrey W. Jacobs - 15 Jun 2021 Form 4 Insider Report for ARDELYX, INC. (ARDX)

Signature
/s/ Elizabeth Grammer, Attorney-in-Fact for Jeffrey W. Jacobs
Issuer symbol
ARDX
Transactions as of
15 Jun 2021
Net transactions value
-$50,608
Form type
4
Filing time
17 Jun 2021, 16:32:14 UTC
Previous filing
21 May 2021
Next filing
05 Aug 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARDX Common Stock Options Exercise $4,050 +7,500 +6% $0.5400* 131,551 15 Jun 2021 Direct F1
transaction ARDX Common Stock Sale $54,658 -7,500 -5.7% $7.29 124,051 15 Jun 2021 Direct F1, F2

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 ARDX Stock Option (Right to Buy) Options Exercise $0 -7,500 -43% $0.000000 10,000 15 Jun 2021 Common Stock 7,500 $0.5400 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on May 10, 2021.
F2 This transaction was executed in multiple trades in prices ranging from $7.242 to $7.41, inclusive. The price reported in Column 4 above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F3 The option, which was granted on August 11, 2011 and has an expiration date of August 11, 2021, is fully vested and exercisable.