Bishop John E 4

What Happened

• John E. Bishop, Chief Technical and Quality Officer at ARDELYX, sold 2,306 shares on 2026-05-21 at $6.27 per share, generating $14,453 in proceeds. The sale was reported on a Form 4 filed 2026-05-22.
• This was a sale (not a purchase). However, the sale was an automatic sell-to-cover to satisfy tax withholding on restricted stock units (RSUs), not a discretionary cash-out.

Key Details

• Transaction date and price: 2026-05-21 — 2,306 shares sold at $6.27 each.
• Total proceeds: $14,453.
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 — sale occurred automatically upon RSU vesting solely to cover applicable withholding taxes (sell-to-cover).
• Filing timeliness: Reported on 2026-05-22 for a 2026-05-21 transaction (filed within the typical Form 4 reporting window; not indicated as late).

Context

• Sell-to-cover transactions are routine tax-withholding actions when RSUs vest and generally do not signal an executive’s intent to reduce their position or express a view on the company’s prospects.
• For retail investors, purchases and discretionary sales typically carry more informational weight than automatic withholding sales like this one.