SEC Form 4 · accession 0001567619-18-006485
ARDELYX, INC. · ARDX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P. Rosenbaum
Officer — Chief Development Officer
Period of report
Nov 13, 2018
Accepted (ET)
Nov 15, 2018 · 5:39 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001437402
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Nov 13, 2018 | S | 5,570 | $2.84 | D | 165,612 | D | |
| Common StockF4,F5 | holding | — | — | — | 18,830 | I | See Footnote | |
| Common StockF6 | holding | — | — | — | 77,592 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant 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.
- F2This transaction was executed in multiple trades in prices ranging from $2.81 to $2.84, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- F3Includes 2,627 shares acquired under the Issuer's Employee Stock Purchase Plan on August 31, 2018.
- F4Includes 1,785 shares acquired by the Reporting Person's spouse under the ESPP on August 31, 2018.
- F5The shares are directly held by the Reporting Person's wife.
- F6The shares are directly held by David Paul Rosenbaum and Susan Edelstein Rosenbaum, Trustees of the David Paul Rosenbaum Family Trust.