Robert Blanks - 21 Aug 2023 Form 4 Insider Report for ARDELYX, INC. (ARDX)

Role
Chief Regulatory and Quality Affairs Officer
Signature
/s/ Elizabeth Grammer, Attorney-in-Fact for Robert Blanks
Issuer symbol
ARDX
Transactions as of
21 Aug 2023
Net transactions value
-$10,108
Form type
4
Filing time
23 Aug 2023, 16:36:21 UTC
Previous filing
27 Jun 2023
Next filing
22 Nov 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 $10,108 -2,846 -1.1% $3.55 263,288 21 Aug 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 This transaction was executed in multiple trades in prices ranging from $3.515 to $3.551843, inclusive. The price reported in Column 4 above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.

Remarks:

Chief Regulatory and Quality Affairs Officer