Forest Baskett - 09 Dec 2021 Form 4 Insider Report for ARDELYX, INC. (ARDX)

Reporting relationship: 10%+ Owner
Issuer ticker: ARDX
Reported as of: 09 Dec 2021
Net transaction value: -$3,642,572
SEC form: 4
Accepted by SEC: 27 Dec 2021, 16:40:19 UTC
Prior SEC filing: 12 Nov 2021
Next SEC filing: 27 Dec 2021
Source filing: View source filing
Reporting owner signature: /s/ Sasha Keough, attorney-in-fact

Key filing fact

Forest Baskett filed Form 4 for ARDELYX, INC. (ARDX) on 27 Dec 2021.

Key facts

This page summarizes Forest Baskett's Form 4 filing for ARDELYX, INC. (ARDX).
8 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 27 Dec 2021, 16:40.

Change

Previous filing in this sequence was filed on 12 Nov 2021.
Current net transaction value: -$3,642,572.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ARDX transaction

Common Stock

Sale

Transaction value: $600,809
Shares: -397,124
Change %: -4.9%
Price: $1.51
Shares after: 7,689,277
Date: 09 Dec 2021
Ownership: See Note 2
Footnotes: F1, F2

ARDX transaction

Common Stock

Sale

Transaction value: $193,388
Shares: -127,826
Change %: -4.9%
Price: $1.51
Shares after: 2,476,756
Date: 09 Dec 2021
Ownership: See Note 3
Footnotes: F1, F3

ARDX transaction

Common Stock

Sale

Transaction value: $218,664
Shares: -144,533
Change %: -4.9%
Price: $1.51
Shares after: 2,798,066
Date: 09 Dec 2021
Ownership: See Note 4
Footnotes: F1, F4

ARDX transaction

Common Stock

Sale

Transaction value: $738,513
Shares: -593,612
Change %: -7.7%
Price: $1.24
Shares after: 7,095,665
Date: 14 Dec 2021
Ownership: See Note 2
Footnotes: F2

ARDX transaction

Common Stock

Sale

Transaction value: $237,715
Shares: -191,074
Change %: -7.7%
Price: $1.24
Shares after: 2,285,682
Date: 14 Dec 2021
Ownership: See Note 3
Footnotes: F3

ARDX transaction

Common Stock

Sale

Transaction value: $268,787
Shares: -216,049
Change %: -7.7%
Price: $1.24
Shares after: 2,582,017
Date: 14 Dec 2021
Ownership: See Note 4
Footnotes: F4

ARDX transaction

Common Stock

Sale

Transaction value: $1,015,284
Shares: -888,185
Change %: -13%
Price: $1.14
Shares after: 6,207,480
Date: 15 Dec 2021
Ownership: See Note 2
Footnotes: F2

ARDX transaction

Common Stock

Sale

Transaction value: $369,412
Shares: -323,167
Change %: -13%
Price: $1.14
Shares after: 2,258,850
Date: 15 Dec 2021
Ownership: See Note 4
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Forest Baskett is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.50 to $1.58, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.

Footnote F2

The Reporting Person is a manager of NEA 12 GP, LLC, which is the sole general partner of NEA Partners 12, Limited Partnership ("NEA Partners 12"). NEA Partners 12 is the sole general partner of New Enterprise Associates 12, Limited Partnership ("NEA 12"), which is the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the NEA 12 securities in which the Reporting Person has no pecuniary interest.

Footnote F3

The Reporting Person is a manager of NEA 15 GP, LLC ("NEA 15 GP"), which is the sole general partner of NEA Partners 15, L.P. ("NEA Partners 15"). NEA Partners 15 is the sole general partner of New Enterprise Associates 15, L.P. ("NEA 15"), the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the NEA 15 securities in which the Reporting Person has no pecuniary interest.

Footnote F4

The Reporting Person is a manager of NEA 15 GP, which is the sole general partner of NEA Partners 15-OF, L.P. ("NEA Partners 15-OF"). NEA Partners 15-OF is the sole general partner of NEA 15 Opportunity Fund, L.P. ("NEA 15-OF"), the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the NEA 15-OF securities in which the Reporting Person has no pecuniary interest.