Michael Raab - Jan 16, 2024 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
Jan 16, 2024
Transactions value $
$0
Form type
4
Date filed
1/18/2024, 04:35 PM
Previous filing
Nov 22, 2023
Next filing
Feb 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARDX Common Stock Award $0 +475K +54.73% $0.00 1.34M Jan 16, 2024 Direct F1
holding ARDX Common Stock 24.4K Jan 16, 2024 Family Trust F2
holding ARDX Common Stock 1K Jan 16, 2024 Family Trust F3

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) Award $0 +606K $0.00 606K Jan 16, 2024 Common Stock 606K $8.78 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs"). The Reporting Person is entitled to receive one (1) shares of Common Stock for each one (1) RSU upon the vesting thereof.
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.
F4 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 16, 2024, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.