David Rosenbaum - Jun 6, 2022 Form 4 Insider Report for ARDELYX, INC. (ARDX)

Role
Chief Development Officer
Signature
/s/ Elizabeth Grammer, Attorney-in-Fact for David Rosenbaum
Stock symbol
ARDX
Transactions as of
Jun 6, 2022
Transactions value $
-$40,102
Form type
4
Date filed
6/8/2022, 08:01 PM
Previous filing
May 23, 2022
Next filing
Aug 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARDX Common Stock Sale -$28K -43.1K -12.39% $0.65* 305K Jun 6, 2022 Direct F1
transaction ARDX Common Stock Sale -$579 -911 -0.3% $0.64* 304K Jun 6, 2022 Direct F1
transaction ARDX Common Stock Sale -$11.2K -17.3K -16.06% $0.65* 90.2K Jun 6, 2022 By Wife F1, F2
transaction ARDX Common Stock Sale -$233 -366 -0.41% $0.64* 89.9K Jun 6, 2022 By Wife F1, F2
holding ARDX Common Stock 77.6K Jun 6, 2022 Family Trust F3
* 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 The shares are directly held by the Reporting Person's wife.
F3 The shares are directly held by David Paul Rosenbaum and Susan Edelstein Rosenbaum, Trustees of the David Paul Rosenbaum Family Trust.