Reilly Joseph James 4
4 · ARDELYX, INC. · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Ardelyx (ARDX) SVP & CAO Reilly James Sells Shares
What Happened
Reilly Joseph James, Senior Vice President and Chief Accounting Officer of Ardelyx (ARDX), disposed of a total of 3,719 shares on 2026-05-21 in two open-market transactions at $6.27 per share. The sales consisted of 2,683 shares ($16,816) and 1,036 shares ($6,493), totaling roughly $23,309. The filing indicates these were sell-to-cover trades tied to RSU vesting (to cover tax withholding), not independent market purchases.
Key Details
- Transaction date: 2026-05-21; Filing date (Form 4): 2026-05-22 (timely).
- Prices and amounts: 2,683 shares @ $6.27 ($16,816) and 1,036 shares @ $6.27 ($6,493); total 3,719 shares for ~$23,309.
- Shares owned after transaction: Not specified in the filed excerpt.
- Footnotes: F1—sales were automatic sell-to-cover upon RSU vesting to cover withholding taxes; F2—reported holdings include 1,765 shares acquired under the issuer’s ESPP on 2026-02-27.
- Transaction code: S (Sale); withholding sales (routine tax-related disposition), not a new discretionary sale plan.
Context
Sell-to-cover transactions occur when vested restricted stock units are partially sold to satisfy tax withholding obligations; they are commonly routine and do not necessarily indicate a change in insider sentiment. The filing appears timely (next-business-day report).
Insider Transaction Report
- Sale
Common Stock
[F1]2026-05-21$6.27/sh−2,683$16,816→ 149,107 total - Sale
Common Stock
[F1][F2]2026-05-21$6.27/sh−1,036$6,493→ 149,836 total
Footnotes (2)
- [F1]Pursuant to an automatic sell-to-cover imposed by the terms of the initial grant of the restricted stock units ("RSUs") awards, the shares were sold upon the vesting of the RSUs solely to cover applicable withholding taxes.
- [F2]Includes 1,765 shares acquired under the Issuer's employee stock purchase plan on February 27, 2026.