Blanks Robert 4
4 · ARDELYX, INC. · Filed Jun 27, 2023
Insider Transaction Report
Form 4
ARDELYX, INC.ARDX
Blanks Robert
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2023-06-23$3.42/sh+33,333$113,999→ 299,467 total - Sale
Common Stock
2023-06-23$3.63/sh−33,333$121,042→ 266,134 total - Exercise/Conversion
Stock Option (Right to Buy)
2023-06-23−33,333→ 0 totalExercise: $3.42From: 2014-07-18Exp: 2023-07-18→ Common Stock (33,333 underlying)
Footnotes (3)
- [F1]This transaction relates an option that would have expired on July 18, 2023 and does not result in a reduction of shares held outright by the Reporting Person. The shares acquired upon the exercise of the option were sold pursuant to a Rule 10b5-1 stock trading plan adopted by the Reporting Person on March 24, 2023. accordingly, the Reporting Person had no discretion with regard to the timing of the transaction.
- [F2]This transaction was executed in multiple trades in prices ranging from $3.62 to $3.70, inclusive. The price reported in Column 4 above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F3]The option, which was granted on July 18, 2013, and has an expiration date of July 18, 2023, is fully vested and exercisable.