Michael Raab - May 20, 2022 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 20, 2022
Transactions value $
-$4,112
Form type
4
Date filed
5/23/2022, 04:32 PM
Previous filing
May 4, 2022
Next filing
Jun 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARDX Common Stock Sale -$4.11K -6.12K -0.79% $0.67 772K May 20, 2022 Direct F1, F2
holding ARDX Common Stock 24.4K May 20, 2022 Family Trust F3
holding ARDX Common Stock 1K May 20, 2022 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 on February 28, 2022.
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.