Cadoret-Manier Onaiza 4

4 · ARDELYX, INC. · Filed Jun 18, 2026

AI-generated summary of this filing

Updated Jun 18, 2026

ARDELYX (ARDX) Director Onaiza Cadoret-Manier Receives Award

What Happened

Onaiza Cadoret-Manier, a director of Ardelyx (ARDX), received equity awards on 2026-06-16: 26,455 restricted stock units (RSUs) and a derivative award representing 39,715 shares (an option) as grants under the company's Non-Employee Director Compensation Program. Each line reports $0.00 per share in the Form 4 (no cash purchase price reported). If all awards eventually vest and the option is exercised, they could represent up to 66,170 shares in total (26,455 RSUs + 39,715 option shares).

Key Details

Transaction date: 2026-06-16; Form 4 filed: 2026-06-18 (filed within typical 2-business-day window).
RSUs: 26,455 shares granted (F1). Each RSU converts to one share of common stock upon vesting.
Derivative award: 39,715-share option granted (reported as a derivative; F2). Vesting: 1/12th of the option vests monthly, with full acceleration at the next annual stockholder meeting for any remaining unvested portion (F3).
Price: reported at $0.00 per share for both entries (standard for grants).
Shares owned after the transaction: not specified in the provided excerpt of the filing.
Administrative note: Exhibit 24.1 (Power of Attorney) referenced in the filing.

Context

RSUs are a grant that convert to shares only when they vest; options are a derivative right that must be exercised (and may require payment of an exercise price) to acquire shares. Neither type is an immediate open-market purchase or sale—these are compensation grants to a non-employee director.
Such director compensation grants are routine for board members and do not by themselves indicate a buy/sell view of the issuer's stock.

Form 4

Period: 2026-06-16

Director

Transactions

Award
Common Stock
[F1]
2026-06-16+26,455→ 178,156 total
Award
Stock Option (Right to Buy)
[F2][F3]
2026-06-16+39,715→ 39,715 total
Exercise: $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.

Signature

/s/ Felecia Ettenberg, Attorney-in-fact for Onaiza Cadoret-Manier|2026-06-18

4 files