Hohenleitner Susan 4

What Happened Susan Hohenleitner, Chief Financial Officer of Ardelyx, sold a total of 2,033 shares following RSU vesting. The filing shows two dispositions on 2026-02-20: 1,786 shares at $5.87 for $10,475 and 247 shares at $5.71 for $1,411, totaling about $11,886. This was a sale (routine sell-to-cover) to satisfy tax withholding on vested restricted stock units, not an open-market investment decision.

Key Details

• Transaction date: 2026-02-20
• Sales reported: 1,786 shares @ $5.87 ($10,475) and 247 shares @ $5.71 ($1,411); total 2,033 shares for ~$11,886
• Transaction type: S (Sale) — automatic sell-to-cover tied to RSU vesting (footnote F1)
• Footnote F1: Shares were sold upon RSU vesting solely to cover applicable withholding taxes
• Filing date/accession: Form filed 2026-02-23 (within the required reporting window)
• Shares owned after transaction: Not specified in the provided excerpt of the filing

Context Sell-to-cover transactions are common when restricted stock units vest; a portion of the newly vested shares are automatically sold to pay withholding taxes. These transactions are routine administrative actions and do not necessarily indicate the insider’s view on the company’s stock.