ELIZABETH GRAMMER - 23 May 2023 Form 4 Insider Report for ARDELYX, INC. (ARDX)

Role
Chief Legal and Administrative Officer
Signature
/s/ Elizabeth Grammer
Issuer symbol
ARDX
Transactions as of
23 May 2023
Net transactions value
-$8,709
Form type
4
Filing time
25 May 2023, 08:54:56 UTC
Previous filing
24 Feb 2023
Next filing
13 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARDX Common Stock Sale $8,709 -2,384 -0.72% $3.65 330,451 23 May 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to an automatic sell-to-cover imposed by the terms of the initial grant of the restricted stock units ("RSUs") awards, the shares were sold upon the vesting of the RSUs solely to cover applicable withholding taxes.
F2 Reflects the adjusted total which includes the purchase of 2,881 shares under the Ardelyx Employee Stock Purchase Plan in February 2023.

Remarks:

Chief Legal and Administrative Officer