Bazemore Robert B 4
4 · ARDELYX, INC. · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
Ardelyx (ARDX) Director Robert B. Bazemore Receives RSU & Option Awards
What Happened
Robert B. Bazemore, a director of Ardelyx, was granted compensation awards on June 16, 2026: 26,455 restricted stock units (RSUs) and a derivative award (an option) covering 39,715 shares. Both awards were recorded at $0.00 per share as director compensation rather than an open-market purchase or sale. These are standard equity grants under the company's Non-Employee Director Compensation Program and not cash purchases or sales.
Key Details
- Transaction date: 2026-06-16; Form 4 filed: 2026-06-18 (timely; within the 2-business-day filing window).
- Awards: 26,455 RSUs (F1) and an option/derivative covering 39,715 shares (F2/F3). Both reported at $0.00 acquisition price.
- Vesting: RSUs convert to one share per RSU upon vesting (F1). The option vests 1/12th monthly, with full acceleration on the next annual stockholders' meeting to the extent unvested, subject to continued service (F3).
- Shares owned after transaction: not specified in the provided summary of the filing.
- Remarks: Ex. 24.1 Power of Attorney included in filing.
Context
RSUs and options granted to non-employee directors are routine forms of compensation and do not, by themselves, indicate a stock purchase or sale. RSUs become company shares only as they vest; the option is a derivative right that vests over time and may require exercise to convert into shares. No sale or cashless exercise is reported here.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-16+26,455→ 68,006 total - Award
Stock Option (Right to Buy)
[F2][F3]2026-06-16+39,715→ 39,715 totalExercise: $5.67Exp: 2036-06-16→ Common Stock (39,715 underlying)
Footnotes (3)
- [F1]Restricted stock units ("RSUs"). The Reporting Person is entitled to receive one (1) share of Common Stock for each one (1) RSU upon the vesting thereof. The RSUs were issued pursuant to the Issuer's Non-Employee Director Compensation Program.
- [F2]The option was issued pursuant to the Issuer's Non-Employee Director Compensation Program.
- [F3]The option vests with respect to 1/12th of the shares subject thereto on each monthly anniversary of the grant date, which vesting will accelerate in full on the date of the next annual stockholder's meeting to the extent unvested as of such date, subject to continued service through each applicable vesting date.