Ardelyx officer sells 10,739 shares in tax-cover trade
Rhea-AI Filing Summary
ARDELYX, INC. (ARDX) reported that Chief Patient Officer Laura A. Williams sold common stock in multiple transactions on August 21, 2026. A total of 10,739 shares of common stock were sold at a weighted average price of $3.8569 per share, with individual trade prices ranging from $3.648 to $3.984 per share. According to the RSU grant terms, these were automatic sell-to-cover transactions executed upon vesting of restricted stock units, conducted solely to cover applicable withholding taxes.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,739 shares
Net Sell
4 txns
Insider
Williams Laura A
Role
Chief Patient Officer
Sold
10,739 shs ($41K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 3,486 | $3.8569 | $13K |
| Sale | Common Stock F1 | 3,089 | $3.8569 | $12K |
| Sale | Common Stock F1 | 2,430 | $3.8569 | $9K |
| Sale | Common Stock F1 | 1,734 | $3.8569 | $7K |
Holdings After Transaction:
Common Stock — 367,456 shares (Direct)
Footnotes (1)
- F1. Pursuant 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. The transaction was executed in multiple trades in prices ranging from $3.648 to $3.984, 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.
Key Figures
Shares sold: 10,739 shares of Common Stock
Weighted average sale price: $3.8569 per share
Sale price range: $3.648 to $3.984 per share
+2 more
5 metrics
Shares sold
10,739 shares of Common Stock
Total non-derivative sales on August 21, 2026 by Laura A. Williams
Weighted average sale price
$3.8569 per share
Average price for the reported sales on August 21, 2026
Sale price range
$3.648 to $3.984 per share
Price range of multiple trades on August 21, 2026
Number of sale transactions
4 transactions
Non-derivative sales of common stock on August 21, 2026
Net buy/sell shares
-10,739 shares
Net share change from reported transactions (net-sell)
Key Terms
sell-to-cover, restricted stock units ("RSUs"), withholding taxes, weighted average sale price
4 terms
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.
restricted stock units ("RSUs") financial
"terms of the initial grant of the restricted stock units ("RSUs") awards"
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.
withholding taxes financial
"shares were 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.
weighted average sale price financial
"The price reported in Column 4 above reflects the weighted average sale price"
FAQ
What insider transaction did ARDX report for Laura A. Williams on this Form 4?
ARDX reported that Chief Patient Officer Laura A. Williams sold 10,739 shares of common stock on August 21, 2026. The sales were tied to RSU vesting and were executed solely to cover withholding taxes under an automatic sell-to-cover provision.
How many separate sale transactions did ARDX report for Laura A. Williams?
The Form 4 lists four separate sale transactions of ARDX common stock for Laura A. Williams on August 21, 2026, all reported with the transaction code S for sales in open market or private transactions.
Does the Form 4 indicate these ARDX sales were under a Rule 10b5-1 plan?
No. The document-level Rule 10b5-1 checkbox is not checked, and the footnote describes the transactions as an automatic sell-to-cover under RSU grant terms, rather than as trades under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
