ELIZABETH GRAMMER - 05 Jan 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
05 Jan 2023
Net transactions value
$0
Form type
4
Filing time
06 Jan 2023, 15:26:08 UTC
Previous filing
23 Nov 2022
Next filing
24 Feb 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 Award $0 +78,000 +31% $0.000000 332,868 05 Jan 2023 Direct F1
holding ARDX Common Stock 2,971 05 Jan 2023 By Son

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 +351,000 $0.000000 351,000 05 Jan 2023 Common Stock 351,000 $2.73 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 January 5, 2023, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.

Remarks:

Chief Legal and Administrative Officer