Form 4 for ARDX ARDELYX, INC.
Accepted 2023-06-27 00:00:00 ET · period of report 2023-06-23 · accession 0001628280-23-023651 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-06-27 | 2023-06-23 | ARDX | Blanks Robert | See Remarks | S - Sale+OE | $3.63 | -33.3K | 266.1K | -11% | -$121.0K |
| D | 2023-06-27 | 2023-06-23 | ARDX | Blanks Robert | See Remarks | M - OptEx | $3.42 | +33.3K | 299.5K | +13% | +$114.0K |
| D | 2023-06-27 | 2023-06-23 | ARDX | Blanks Robert | See Remarks | M - OptEx | $0.00 | -33.3K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-06-23 | S | D | 33,333 | $3.63 | 266,134 | D | — | — | (F1) This transaction relates an option that would have expired on July 18, 2023 and does not result in a reduction of shares held outright by the Reporting Person. The shares acquired upon the exercise of the option were sold pursuant to a Rule 10b5-1 stock trading plan adopted by the Reporting Person on March 24, 2023. accordingly, the Reporting Person had no discretion with regard to the timing of the transaction. (F2) This transaction was executed in multiple trades in prices ranging from $3.62 to $3.70, 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. |
| 2 | Common | Common Stock | 2023-06-23 | M | A | 33,333 | $3.42 | 299,467 | D | — | — | (F1) This transaction relates an option that would have expired on July 18, 2023 and does not result in a reduction of shares held outright by the Reporting Person. The shares acquired upon the exercise of the option were sold pursuant to a Rule 10b5-1 stock trading plan adopted by the Reporting Person on March 24, 2023. accordingly, the Reporting Person had no discretion with regard to the timing of the transaction. |
| 3 | Derivative | Stock Option (Right to Buy) | 2023-06-23 | M | D | 33,333 | $0.00 | 0 | D | $3.42 · 2014-07-18 to 2023-07-18 | 33,333 Common Stock | (F3) The option, which was granted on July 18, 2013, and has an expiration date of July 18, 2023, is fully vested and exercisable. |