Bishop John E 4
4 · ARDELYX, INC. · Filed Jan 26, 2026
Research Summary
AI-generated summary of this filing
ARDELYX (ARDX) Chief Technical Officer John E. Bishop Receives Awards
What Happened
John E. Bishop, Chief Technical and Quality Officer at Ardelyx, received equity awards on January 23, 2026. The filing shows two grants: 124,330 restricted stock units (RSUs) and 186,500 derivative awards (optioned shares), each granted at $0.00 (i.e., no cash paid). The RSUs convert one-for-one to common shares upon vesting; the derivative award is subject to a monthly vesting schedule.
Key Details
- Transaction date: 2026-01-23; Form 4 filed 2026-01-26 (timely filing).
- Grants: 124,330 RSUs (F1) and 186,500 derivative/share option awards (listed as A) at $0.00. Reported total cash exchanged: $0.
- Vesting/exercise terms: RSUs convert 1:1 to common stock upon vesting (F1). The option/derivative vests in 48 equal monthly installments beginning January 23, 2026; the option becomes exercisable as it vests (F2).
- Shares owned after transaction: not specified in the filing.
- Remarks: Reporting person is Chief Technical and Quality Officer. No 10b5-1 plan, tax withholding, or sale noted in the filing.
Context
These are compensation awards (a grant/award), not open-market purchases or sales. RSU grants and time-based option awards are standard executive compensation and reflect future vesting/service conditions rather than an immediate buy or sell signal. The derivative award vests monthly over four years; absent immediate exercise or sale, these do not increase public float until vested/exercised and delivered.
Insider Transaction Report
- Award
Common Stock
[F1]2026-01-23+124,330→ 342,330 total - Award
Stock Option (Right to Buy)
[F2]2026-01-23+186,500→ 186,500 totalExercise: $7.77Exp: 2036-01-23→ Common Stock (186,500 underlying)
Footnotes (2)
- [F1]Restricted stock units ("RSUs"). The Reporting Person is entitled to receive one (1) shares of Common Stock for each one (1) RSU upon the vesting thereof.
- [F2]The option becomes exercisable as it vests and the shares subject to the option vest in 48 successive, equal monthly installments on each monthly anniversary of January 23, 2026, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.