Ardelyx director receives stock and option grants
Ardelyx director William C. Bertrand Jr. reported equity-based compensation grants.
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Form Type
4
Rhea-AI Filing Summary
Ardelyx director William C. Bertrand Jr. reported equity-based compensation grants. On June 16, 2026, he received 26,455 shares of common stock issued under Ardelyx’s Non-Employee Director Compensation Program after electing to take stock instead of cash fees.
He was also granted restricted stock units that convert into one share of common stock per unit upon vesting, issued under the same director program. In addition, he received a stock option for 39,715 shares at an exercise price of $5.67 per share, expiring June 16, 2036, which vests monthly with potential accelerated vesting at the next annual stockholders’ meeting.
Insider Trade Summary
Grant/Award: 78,515 shares
Grant/Award
3 txns
Insider
Bertrand William C JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 39,715 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 12,345 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 26,455 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 39,715 contracts (Direct);
Common Stock — 329,507 shares (Direct)
Footnotes (4)
- F1. The shares were issued pursuant to the Issuer's Non-Employee Director Compensation Program. The Reporting Person elected to receive stock in lieu of cash as permitted under the program.
- F2. Restricted stock units ("RSUs"). The Reporting Person is entitled to receive one (1) share of Common Stock for each one (1) RSU upon the vesting thereof. The RSUs were issued pursuant to the Issuer's Non-Employee Director Compensation Program.
- F3. The option was issued pursuant to the Issuer's Non-Employee Director Compensation Program.
- F4. The option vests with respect to 1/12th of the shares subject thereto on each monthly anniversary of the grant date, which vesting will accelerate in full on the date of the next annual stockholder's meeting to the extent unvested as of such date, subject to continued service through each applicable vesting date.
Key Figures
Stock received in lieu of cash: 26,455 shares
RSUs granted: 12,345 units
Stock options granted: 39,715 shares
+2 more
5 metrics
Stock received in lieu of cash
26,455 shares
Non-Employee Director Compensation Program grant on June 16, 2026
RSUs granted
12,345 units
Restricted stock units issued under director compensation program
Stock options granted
39,715 shares
Stock Option (Right to Buy) granted on June 16, 2026
Option exercise price
$5.67 per share
Exercise price for 39,715-share stock option
Option expiration date
June 16, 2036
Expiration of director’s 39,715-share stock option grant
Key Terms
Non-Employee Director Compensation Program, Restricted stock units ("RSUs"), Stock Option (Right to Buy), vesting
4 terms
Non-Employee Director Compensation Program financial
"The shares were issued pursuant to the Issuer's Non-Employee Director Compensation Program."
Restricted stock units ("RSUs") financial
"Restricted stock units ("RSUs"). The Reporting Person is entitled to receive one (1) share of Common Stock for each one (1) RSU upon the vesting thereof."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) with underlying security title Common Stock."
vesting financial
"The option vests with respect to 1/12th of the shares on each monthly anniversary of the grant date."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Ardelyx (ARDX) disclose for William C. Bertrand Jr.?
Ardelyx reported that director William C. Bertrand Jr. received equity-based compensation grants. These included common stock issued in lieu of cash fees, restricted stock units, and a stock option award, all under the company’s Non-Employee Director Compensation Program.
What restricted stock units were granted in this Ardelyx (ARDX) Form 4?
The filing shows a grant of restricted stock units (RSUs) to the director. Each RSU entitles him to receive one share of Ardelyx common stock upon vesting, and the RSUs were issued under the Non-Employee Director Compensation Program.
What are the key terms of the Ardelyx (ARDX) stock option granted to the director?
The director received a stock option covering 39,715 shares of Ardelyx common stock at an exercise price of $5.67 per share. The option expires on June 16, 2036 and vests monthly, with remaining unvested shares accelerating at the next annual stockholders’ meeting.
Is the Ardelyx (ARDX) director transaction an open-market stock purchase or sale?
The reported activity reflects equity compensation grants, not open-market trading. The director received shares, RSUs, and a stock option award under Ardelyx’s Non-Employee Director Compensation Program, rather than buying or selling shares on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
