Michael Raab - Feb 21, 2023 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
Feb 21, 2023
Transactions value $
-$40,360
Form type
4
Date filed
2/24/2023, 04:39 PM
Previous filing
Jan 6, 2023
Next filing
Mar 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARDX Common Stock Sale -$40.4K -13.4K -1.48% $3.00 896K Feb 21, 2023 Direct F1
holding ARDX Common Stock 24.4K Feb 21, 2023 Family Trust F2
holding ARDX Common Stock 1K Feb 21, 2023 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 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.