Mike Kelliher - 25 Feb 2025 Form 4 Insider Report for ARDELYX, INC. (ARDX)

Role
Executive Vice President, Corporate Development and Strategy
Signature
/s/ Elizabeth Grammer, Attorney-in-Fact for Mike Kelliher
Issuer symbol
ARDX
Transactions as of
25 Feb 2025
Net transactions value
$0
Form type
4
Filing time
27 Feb 2025, 17:57:56 UTC
Previous filing
06 Jan 2025
Next filing
22 May 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 +136,680 +85% $0.000000 296,680 25 Feb 2025 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 +205,019 $0.000000 205,019 25 Feb 2025 Common Stock 205,019 $5.18 Direct F2
* 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 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 February 25, 2025, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.

Remarks:

Executive Vice President, Corporate Development and Strategy