MOTT DAVID M 4

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.