Robert Ora Felsch - 06 May 2024 Form 4 Insider Report for ARDELYX, INC. (ARDX)

Role
SVP Finance and Chief Accounting Officer
Signature
/s/ Elizabeth Grammer, Attorney-in-Fact for Robert Ora Felsch
Issuer symbol
ARDX
Transactions as of
06 May 2024
Net transactions value
-$1,655,058
Form type
4
Filing time
09 May 2024, 16:03:51 UTC
Previous filing
22 Feb 2024
Next filing
23 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARDX Common Stock Options Exercise $66,445 +79,101 +43% $0.8400* 263,935 06 May 2024 Direct
transaction ARDX Common Stock Options Exercise $110,000 +40,000 +15% $2.75* 303,935 06 May 2024 Direct
transaction ARDX Common Stock Sale $1,347,503 -152,988 -50% $8.81 150,947 06 May 2024 Direct F1
transaction ARDX Common Stock Sale $484,000 -55,000 -36% $8.80 95,947 06 May 2024 Direct

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 -79,101 -56% $0.000000 61,525 06 May 2024 Common Stock 79,101 $0.8400 Direct F2
transaction ARDX Stock Option (Right to Buy) Options Exercise $0 -40,000 -33% $0.000000 80,000 06 May 2024 Common Stock 40,000 $2.75 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades in prices ranging from $8.63 to $9.01, inclusive. The price reported in Column 4 above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F2 Twenty Five Percent (25%) of the shares subject to the option vest on February 1, 2023 and the remaining shares subject to the option vest in 36 successive, equal monthly installments thereafter, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.
F3 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 5, 2023, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.

Remarks:

SVP Finance and Chief Accounting Officer