MOTT DAVID M 4
4 · ARDELYX, INC. · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
ARDELYX (ARDX) Director David Mott Receives Stock Awards
What Happened
David M. Mott, a director of ARDELYX, received stock-based compensation on June 16, 2026. The filing reports three grants totaling 86,452 units: 20,282 shares (issued), 26,455 shares (issued), and 39,715 derivative units (an option/RSU-type award). All were issued at $0.00 as part of the company’s Non-Employee Director Compensation Program (i.e., issued in lieu of cash).
Key Details
- Transaction date: 2026-06-16; Form filed 2026-06-18.
- Consideration: $0.00 per share/unit — awards issued as compensation, not purchased.
- Grant breakdown: 20,282 shares; 26,455 shares; 39,715 derivative units (total = 86,452).
- Footnotes: awards granted under the Non-Employee Director Compensation Program. Some awards are restricted stock units (RSUs) that convert 1:1 to common stock upon vesting; another award is an option/derivative that vests 1/12th monthly with full acceleration at the next annual meeting (subject to continued service).
- Ownership note: Reporting person disclaims beneficial ownership of 87,566 shares held for entities associated with New Enterprise Associates, except to the extent of any pecuniary interest.
- Filing timeliness: filed two days after the grant date (no late-filing indication in the report).
Context
RSUs convert to shares only when they vest; the derivative award is subject to monthly vesting (and may accelerate at the next annual meeting). These awards are routine director compensation and represent grants, not open-market purchases or insider sales; they do not by themselves indicate the director bought or sold company stock.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-06-16+20,282→ 3,323,200 total - Award
Common Stock
[F3][F2]2026-06-16+26,455→ 3,349,655 total - Award
Stock Option (Right to Buy)
[F4][F5]2026-06-16+39,715→ 39,715 totalExercise: $5.67Exp: 2036-06-16→ Common Stock (39,715 underlying)
Footnotes (5)
- [F1]The shares were issued pursuant to the Issuer's Non-Employee Director Compensation Program. The Reporting Person elected to receive stock in lieu of cash as permitted under the program.
- [F2]The Reporting Person holds 87,566 shares for the benefit of entities associated with New Enterprise Associates and disclaims beneficial ownership of such shares, except to the extent of his actual pecuniary interest therein.
- [F3]Restricted stock units ("RSUs"). The Reporting Person is entitled to receive one (1) share of Common Stock for each one (1) RSU upon the vesting thereof. The RSUs were issued pursuant to the Issuer's Non-Employee Director Compensation Program.
- [F4]The option was issued pursuant to the Issuer's Non-Employee Director Compensation Program.
- [F5]The option vests with respect to 1/12th of the shares subject thereto on each monthly anniversary of the grant date, which vesting will accelerate in full on the date of the next annual stockholder's meeting to the extent unvested as of such date, subject to continued service through each applicable vesting date.