Bhanji Muna 4

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

AI-generated summary of this filing

Updated Jun 18, 2026

Ardelyx (ARDX) Director Muna Receives RSUs & Option Grant

What Happened

Muna Bhanji, a director of Ardelyx, received equity awards on 2026-06-16: 26,455 restricted stock units (RSUs) and a derivative option covering 39,715 shares. Both awards were granted under the company’s Non-Employee Director Compensation Program. Each award shows an acquisition price of $0.00 on the Form 4 (typical for awards).

Key Details

Transaction date(s): 2026-06-16; Form 4 filed 2026-06-18 (covers the 6/16 grants).
Award amounts and reported price: 26,455 RSUs @ $0.00; 39,715 option-based derivative @ $0.00.
Shares owned after transaction: not stated in the provided filing details.
Footnotes of note:
- RSUs convert to one share per RSU upon vesting (F1).
- The option was issued under the Non-Employee Director Compensation Program (F2).
- Option vests 1/12th monthly and will fully accelerate on the next annual stockholder meeting to the extent unvested, subject to continued service (F3).
Exhibit: 24.1 Power of Attorney included in filing.

Context

These are compensation grants to a director, not open-market purchases or sales. RSUs deliver shares only when they vest; the option grant is a derivative award that vests over time (with an acceleration feature tied to the next annual meeting). Such awards are routine for non-employee directors and do not require cash outlay at grant.

Form 4

Period: 2026-06-16

Director

Transactions

Award
Common Stock
[F1]
2026-06-16+26,455→ 163,808 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 Muna Bhanji|2026-06-18

4 files