Robert Blanks - 06 Jan 2022 Form 4 Insider Report for ARDELYX, INC. (ARDX)

Role
Chief Regulatory and Quality Affairs Officer
Signature
/s/ Elizabeth Grammer, Attorney-in-Fact for Robert Blanks
Issuer symbol
ARDX
Transactions as of
06 Jan 2022
Net transactions value
$0
Form type
4
Filing time
12 Jan 2022, 18:47:20 UTC
Previous filing
24 Nov 2021
Next filing
25 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARDX Common Stock Award $0 +40,000 +11% $0.000000 400,868 06 Jan 2022 Direct F1

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) Award $0 +190,000 $0.000000 190,000 06 Jan 2022 Common Stock 190,000 $0.9900 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs"). The Reporting Person is entitled to receive one (1) shares of Common Stock for each one (1) RSU upon the vesting thereof.
F2 The option becomes exercisable as it vests and the shares subject to the option vest in 48 successive, equal monthly installments on each monthly anniversary of January 6, 2022, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.

Remarks:

Chief Regulatory and Quality Affairs Officer