Bishop John E 4

What Happened
John E. Bishop, Chief Technical Operations Officer of Ardelyx, sold a total of 3,179 shares on Feb 20, 2026 in three transactions: 2,792 shares at $5.87 ($16,375), 386 shares at $5.71 ($2,206), and 1 share at $5.70 ($6), totaling approximately $18,587. These sales were reported on a Form 4 filed Feb 23, 2026.

Key Details

• Transaction date: 2026-02-20 (reported 2026-02-23; filing appears timely).
• Trades: 2,792 shares @ $5.87; 386 shares @ $5.71; 1 share @ $5.70.
• Total proceeds: ≈ $18,587.
• Footnote: Sale was an automatic "sell-to-cover" tied to the vesting of RSUs to cover applicable withholding taxes (per filing).
• Shares owned after the transaction: not disclosed in the provided excerpt.

Context
These sales were tax-withholding transactions associated with RSU vesting (routine and not necessarily an indicator of the insider’s view on the company). Transaction code S = sale; F (per footnote) indicates tax withholding/sell-to-cover.