Brady James Parker 4

What Happened
Brady James Parker, Chief Human Resources Officer of Ardelyx, received equity awards on January 23, 2026: 99,455 restricted stock units (RSUs) and a derivative option award covering 149,185 shares. Both items were granted at a $0 per-share acquisition price (i.e., awards, not open-market purchases). These are compensation grants, not sales or exercises—so they are routine long-term incentive awards rather than immediate cash transactions.

Key Details

• Transaction date: 2026-01-23; Form 4 filed 2026-01-26 (filed within the SEC’s reporting deadline).
• Awards: 99,455 RSUs (F1) and a derivative option award for 149,185 shares (not exercised, grant recorded at $0).
• Vesting/terms: RSUs convert 1-for-1 to common stock upon vesting (F1). The option becomes exercisable as it vests; shares subject to the option vest in 48 equal monthly installments beginning January 23, 2026, subject to continued employment (F2).
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing timeliness: Timely (filed within required days after the grant).

Context
RSUs and option grants are common executive compensation meant to retain employees and align incentives; they are not the same as an insider buying shares on the open market. The option award vests monthly over four years and becomes exercisable as it vests—no immediate sale or exercise occurred here. For retail investors, grants indicate company compensation practices but should not be read alone as a directional buy/sell signal.