SEC Form 4 · accession 0001567619-19-000642
ARDELYX, INC. · ARDX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Raab
Officer — President & CEO · Director
Period of report
Jan 2, 2019
Accepted (ET)
Jan 4, 2019 · 7:11 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 | Jan 2, 2019 | S | 19,644 | $1.7012 | D | 261,409 | D | |
| Common StockF3,F4 | holding | — | — | — | 80,831 | I | See Footnote | |
| Common StockF5 | holding | — | — | — | 1,000 | 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 $1.70 to $1.7256, 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.
- F3Shares held after the transaction reflects the prior transfer of an aggregate of 11,446, previously held directly by the Reporting Person, into the Reporting Person's trust.
- F4The shares are directly held by Michael G. Raab, Trustee of the Michael G. Raab Living Trust dated July 25, 2012.
- F5The shares are owned directly by trusts for the benefit of the Reporting Person's children.