ARDELYX (ARDX) SVP & Chief Accounting Officer Reilly Sells Shares

What Happened Reilly Joseph James, Senior Vice President and Chief Accounting Officer of ARDELYX, sold a total of 3,982 shares on 2026-08-21 via open-market transactions. The Form 4 reports two dispositions: 2,872 shares and 1,110 shares at a reported weighted-average price of $3.86, for aggregate proceeds of approximately $15,358. The filing (Accession 0002044416-26-000008) was submitted on 2026-08-25.

Key Details

• Transaction date: 2026-08-21; Form 4 filed: 2026-08-25 (appears timely under the two-business-day rule).
• Reported transactions: two sales (S) — 2,872 shares ($11,077) and 1,110 shares ($4,281); combined = 3,982 shares, ~$15,358.
• Reported price: weighted average $3.86; actual execution prices ranged from $3.648 to $3.984 across multiple trades (see footnote F1).
• Footnote: Sales were automatic sell-to-cover transactions upon RSU vesting to satisfy withholding taxes. The reporting person offers to provide detailed per-trade pricing on request.
• Shares owned after the transaction: not specified in the excerpt of this filing.

Context These sales were executed solely to cover tax withholding on vested restricted stock units (RSUs), a common administrative transaction (not a discretionary open-market sale for investment purposes). Such sell-to-cover transactions are routine and reflect tax obligations tied to equity awards rather than a direct signal of the insider’s view on the company.