Brady James Parker 4

What Happened

Brady James Parker, Chief Human Resources Officer of ARDELYX, sold 1,846 shares on 2026-05-21 at $6.27 per share, for total proceeds of $11,570. The sale was an automatic "sell-to-cover" tied to the vesting of restricted stock units (RSUs) and was executed solely to cover applicable withholding taxes (footnote F1). This transaction is a sale (not a new purchase).

Key Details

• Transaction date & price: 2026-05-21, 1,846 shares at $6.27 each; proceeds $11,570.
• Transaction type/code: Sale (S). Footnote F1: automatic sell-to-cover on RSU vesting to satisfy tax withholding.
• Shares owned after transaction: Not disclosed in this Form 4.
• Filing timeliness: Report filed 2026-05-22 (one day after the transaction) — appears timely; no late-filing indication in the report.
• No 10b5-1 plan or other trading plan referenced in this filing.

Context

A sell-to-cover is a routine administrative sale that occurs when RSUs vest and shares are sold to pay taxes; such sales generally reflect tax obligations rather than a directional signal about the insider’s view of the company. This report does not indicate a purchase, option exercise for cash gain, or a gift.