Laura A. Williams - 05 Jun 2024 Form 4 Insider Report for ARDELYX, INC. (ARDX)

Signature
/s/ Elizabeth Grammer, Attorney-in-Fact for Laura A. Williams
Issuer symbol
ARDX
Transactions as of
05 Jun 2024
Net transactions value
-$758,080
Form type
4
Filing time
07 Jun 2024, 18:29:35 UTC
Previous filing
23 May 2024
Next filing
22 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARDX Common Stock Options Exercise $275,000 +100,000 +27% $2.75 467,152 05 Jun 2024 Direct
transaction ARDX Common Stock Sale $320,580 -45,000 -9.6% $7.12 422,152 05 Jun 2024 Direct F1
transaction ARDX Common Stock Sale $712,500 -100,000 -24% $7.12 322,152 05 Jun 2024 Direct F1

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 -100,000 -28% $0.000000 251,000 05 Jun 2024 Common Stock 100,000 $2.75 Direct F2
* 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 $7.11 to $7.145, inclusive. The price reported in Column 4 above reflects the weighted average sale 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 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.