Ardelyx CHRO sells 1,846 shares for taxes
ARDELYX, INC. reported that Chief Human Resources Officer Brady James Parker had 1,846 shares of common stock sold at an average price of $6.2675 per share.
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Form Type
4
Rhea-AI Filing Summary
ARDELYX, INC. reported that Chief Human Resources Officer Brady James Parker had 1,846 shares of common stock sold at an average price of $6.2675 per share. According to the footnote, this automatic sell-to-cover transaction occurred upon RSU vesting to satisfy withholding taxes, leaving him with 261,066 shares directly owned.
Insider Trade Summary
Net Seller: 1,846 shares
Net Sell
1 txn
Insider
Brady James Parker
Role
Chief Human Resources Officer
Sold
1,846 shs ($12K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,846 | $6.2675 | $12K |
Holdings After Transaction:
Common Stock — 261,066 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.
Key Figures
Shares sold: 1,846 shares
Average sale price: $6.2675 per share
Shares owned after transaction: 261,066 shares
3 metrics
Shares sold
1,846 shares
Open-market sale to cover RSU withholding taxes
Average sale price
$6.2675 per share
Automatic sell-to-cover transaction
Shares owned after transaction
261,066 shares
Direct ownership following sell-to-cover
Key Terms
restricted stock units ("RSUs"), sell-to-cover, withholding taxes, Common Stock
4 terms
restricted stock units ("RSUs") financial
"initial grant of the restricted stock units ("RSUs") awards, the shares were sold"
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.
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 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.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Ardelyx (ARDX) report for Brady James Parker?
Ardelyx reported that Chief Human Resources Officer Brady James Parker had 1,846 shares of common stock sold. The shares were sold automatically upon RSU vesting to cover withholding taxes, rather than as a discretionary open-market sale.
Was the Ardelyx (ARDX) insider sale by Brady James Parker discretionary?
The sale was not discretionary. The filing states it was an automatic sell-to-cover triggered by the vesting of restricted stock units, with shares sold solely to satisfy applicable withholding tax requirements.
What is the nature of the Ardelyx (ARDX) transaction reported under code S in this Form 4?
Although coded as an S sale, the footnote explains the transaction is an automatic sell-to-cover. Shares were sold when RSUs vested to pay withholding taxes, rather than reflecting an elective open-market reduction of Parker’s investment position.
AI-generated analysis. How Rhea-AI works. Not financial advice.
