Bazemore Robert B 4

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.