Reilly Joseph James 4

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).