Michael Raab - Aug 3, 2021 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
Aug 3, 2021
Transactions value $
-$101,901
Form type
4
Date filed
8/5/2021, 05:01 PM
Previous filing
Jun 29, 2021
Next filing
Aug 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARDX Common Stock Options Exercise $145K +268K +124.74% $0.54* 483K Aug 3, 2021 Direct
transaction ARDX Common Stock Tax liability -$247K -150K -31.15% $1.64 332K Aug 3, 2021 Direct F1
holding ARDX Common Stock 24.4K Aug 3, 2021 Family Trust F2
holding ARDX Common Stock 1K Aug 3, 2021 Family Trust F3

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 -268K -100% $0.00* 0 Aug 3, 2021 Common Stock 268K $0.54 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were withheld so the Reporting Person could satisfy the exercise price and the withholding of taxes arising from a net (cashless) exercise of stock options. The options subject to the net exercise were granted in August 2011 and set to expire on August 11, 2021.
F2 The shares are directly held by Michael G. Raab, Trustee of the Michael G. Raab Living Trust dated July 25, 2012.
F3 The shares are owned directly by trusts for the benefit of the Reporting Person's children.
F4 Fully exercisable.