Elizabeth Grammer - Dec 11, 2023 Form 4 Insider Report for ARDELYX, INC. (ARDX)

Signature
/s/ Elizabeth Grammer
Stock symbol
ARDX
Transactions as of
Dec 11, 2023
Transactions value $
-$253,925
Form type
4
Date filed
12/13/2023, 05:44 PM
Previous filing
Nov 22, 2023
Next filing
Jan 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARDX Common Stock Sale -$254K -50K -15.35% $5.08 276K Dec 11, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 24, 2023.
F2 This transaction was executed in multiple trades in prices ranging from $4.99 to $5.27, 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.

Remarks:

Chief Legal and Administrative Officer