MOTT DAVID M 4

What Happened

• David M. Mott, a director of Ardelyx, purchased 333,333 shares in an open-market transaction on February 20, 2026.
• The filing reports a weighted-average purchase price of $5.84 per share for a total reported value of $1,946,331. This was a purchase (insider buy), which some investors view as a bullish signal.

Key Details

• Transaction date: 2026-02-20 (Open market purchase, Code P).
• Price: Weighted average $5.84; reported range $5.67 to $6.00 per share (footnote F1: multiple trades at different prices).
• Total shares acquired: 333,333; total value reported: $1,946,331.
• Shares held/beneficial ownership: Filing notes the Reporting Person holds 87,566 shares for entities associated with New Enterprise Associates and disclaims beneficial ownership of those shares (footnote F2). The Form 4 did not state a consolidated “shares owned following” figure beyond the purchased amount and the F2 disclosure.
• Timeliness: Filing dated Feb 23, 2026 for a Feb 20 transaction; filed within the normal Form 4 reporting window (timely).

Context

• This was a straight open-market purchase (no exercise, grant, gift, or sale reported).
• Footnote F1 allows the issuer or SEC staff to request a breakdown of the number of shares bought at each price within the $5.67–$6.00 range.
• Footnote F2 indicates certain shares are held for NEA-associated entities and are disclaimed by Mr. Mott except to the extent of any pecuniary interest; that disclosure affects how to interpret total beneficial ownership.