Eric D. Foster - 08 Aug 2024 Form 4 Insider Report for ARDELYX, INC. (ARDX)

Role
Chief Commercial Officer
Signature
/s/ Elizabeth Grammer, Attorney-in-fact for Eric D. Foster
Issuer symbol
ARDX
Transactions as of
08 Aug 2024
Net transactions value
$0
Form type
4
Filing time
16 Aug 2024, 18:10:41 UTC
Next filing
27 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARDX Common Stock Award $0 +180,000 $0.000000 180,000 08 Aug 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) Award $0 +230,000 $0.000000 230,000 08 Aug 2024 Common Stock 230,000 $5.87 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of 180,000 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 Twenty Five Percent (25%) of the shares subject to the option vest on August 8, 2025 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.