Ardelyx's Hohenleitner plans 2,650-share sale

Rhea-AI Filing Summary

ARDELYX, INC. (ARDX) received a Rule 144 notice stating that Susan Hohenleitner plans to sell 2,650 shares of common stock through Morgan Stanley Smith Barney LLC on or after 08/21/2026, with an indicated aggregate market value of $10,679.50. The shares relate to 5,355 RSUs vesting on 08/19/2026, with sales made pursuant to an automatic sell-to-cover arrangement to satisfy withholding taxes. A prior sale of 1,455 shares for $9,119.21 on 05/21/2026 is also reported. ARDELYX had 249,187,572 shares outstanding as referenced in the notice.

Key Figures

Shares to be sold: 2,650 shares of common stock Aggregate market value of planned sale: $10,679.50 Shares outstanding: 249,187,572 shares +4 more

7 metrics

Shares to be sold 2,650 shares of common stock Planned sale through Morgan Stanley Smith Barney LLC around 08/21/2026

Aggregate market value of planned sale $10,679.50 Value associated with 2,650 ARDELYX shares to be sold

Shares outstanding 249,187,572 shares Issuer’s common stock outstanding referenced in the notice

RSUs vesting 5,355 shares Common stock underlying RSUs vesting on 08/19/2026

Shares sold in past 3 months 1,455 shares Common stock sold on 05/21/2026

Proceeds from past 3-month sale $9,119.21 Total consideration for 1,455 shares sold on 05/21/2026

Date of Notice 08/21/2026 Date the Rule 144 notice was signed and submitted

Key Terms

Rule 144, restricted stock units, sell-to-cover, withholding taxes

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

restricted stock units financial

"Vesting of restricted stock units | Issuer | | | 5355"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

sell-to-cover financial

"Pursuant to an automatic sell-to-cover imposed by the terms of the initial grant"

Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.

withholding taxes financial

"shares are to be sold upon the vesting of the RSUs solely to cover applicable withholding taxes"

Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filed in relation to ARDX disclose?

The notice discloses that Susan Hohenleitner plans to sell 2,650 ARDX common shares through Morgan Stanley Smith Barney LLC around 08/21/2026, tied to the vesting of restricted stock units, with sales made under an automatic sell-to-cover for withholding taxes.

How many ARDX shares are proposed to be sold under this Rule 144 filing?

The filing indicates a proposed sale of 2,650 shares of ARDELYX common stock, with an aggregate market value of $10,679.50, to be executed through Morgan Stanley Smith Barney LLC on or about 08/21/2026.

What is the source of the ARDX shares to be sold by Susan Hohenleitner?

The shares arise from the vesting of 5,355 restricted stock units on 08/19/2026. Under the grant terms, shares are automatically sold upon vesting solely to cover applicable withholding taxes (a sell-to-cover arrangement).

Were there recent ARDX stock sales reported for Susan Hohenleitner before this notice?

Yes. The notice reports that on 05/21/2026, 1,455 shares of ARDELYX common stock were sold for total proceeds of $9,119.21 during the prior three months.

What share count for ARDX is referenced in this Rule 144 notice?

The notice references 249,187,572 shares of ARDELYX common stock outstanding in connection with the calculation fields, providing a baseline figure for the issuer’s equity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/21/2026 - 08:40 PM Accepted by SEC EDGAR 08/21/2026 - 08:40 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0002093095
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	ARDELYX, INC.
SEC File Number	001-36485
Address of Issuer	400 Fifth Avenue, Suite 210 Waltham MASSACHUSETTS 02451
Phone	617 675-2739
Name of Person for Whose Account the Securities are To Be Sold	Hohenleitner Susan
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza, 8th Floor New York NY 10004	2650	10679.50	249187572	08/21/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	08/19/2026	Vesting of restricted stock units	Issuer			5355	08/19/2026	Services Rendered

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Susan Hohenleitner 400 Fifth Avenue, Suite 210 Waltham MA 02451	Common Stock	05/21/2026	1455	9119.21

144: Remarks and Signature

Remarks	Pursuant to an automatic sell-to-cover imposed by the terms of the initial grant of the restricted stock units (RSUs) awards, the shares are to be sold upon the vesting of the RSUs solely to cover applicable withholding taxes.
Date of Notice	08/21/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Orlando Wells
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)