Ardelyx officer sells 3,719 shares to cover taxes
ARDELYX, INC. officer Joseph James Reilly reported selling a total of 3,719 shares of common stock at an average price of $6.2675 per share.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
ARDELYX, INC. officer Joseph James Reilly reported selling a total of 3,719 shares of common stock at an average price of $6.2675 per share. According to the footnotes, these sales were automatic sell-to-cover transactions triggered by the vesting of restricted stock units and were made solely to cover withholding taxes. After the sales, he directly holds 149,107 shares of Ardelyx common stock. The holdings include 1,765 shares acquired under the company’s employee stock purchase plan on February 27, 2026.
Insider Trade Summary
Net Seller: 3,719 shares
Net Sell
2 txns
Insider
Reilly Joseph James
Role
See Remarks
Sold
3,719 shs ($23K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,683 | $6.2675 | $17K |
| Sale | Common Stock | 1,036 | $6.2675 | $6K |
Holdings After Transaction:
Common Stock — 149,836 shares (Direct)
Footnotes (2)
- 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.
- F2. Includes 1,765 shares acquired under the Issuer's employee stock purchase plan on February 27, 2026.
Key Figures
Total shares sold: 3,719 shares
Sale price: $6.2675 per share
Shares after transactions: 149,107 shares
+3 more
6 metrics
Total shares sold
3,719 shares
Open-market sales on May 21, 2026
Sale price
$6.2675 per share
Price for both reported sale transactions
Shares after transactions
149,107 shares
Direct common stock holdings following sales
ESPP acquisition
1,765 shares
Acquired under employee stock purchase plan on February 27, 2026
First sale tranche
1,036 shares
Common stock sold on May 21, 2026
Second sale tranche
2,683 shares
Common stock sold on May 21, 2026
Key Terms
automatic sell-to-cover, restricted stock units ("RSUs"), withholding taxes, employee stock purchase plan, +1 more
5 terms
automatic sell-to-cover financial
"Pursuant to an automatic sell-to-cover imposed by the terms of the initial grant"
restricted stock units ("RSUs") financial
"the 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
"the 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.
employee stock purchase plan financial
"Includes 1,765 shares acquired under the Issuer's employee stock purchase plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Ardelyx (ARDX) report for Joseph James Reilly?
Ardelyx reported that officer Joseph James Reilly sold 3,719 shares of common stock at $6.2675 per share. Footnotes state these were automatic sell-to-cover transactions tied to RSU vesting, executed solely to satisfy tax withholding obligations.
Does the Ardelyx (ARDX) Form 4 involve any derivative or option exercises?
The Form 4 does not report any derivative or option exercises. All disclosed transactions involve non-derivative common stock sales. A derivative summary is present but contains no remaining derivative positions or option exercises associated with this specific reporting period.
What role do restricted stock units (RSUs) play in this Ardelyx (ARDX) insider sale?
The insider sale is directly linked to RSU vesting. Footnotes state that, under the initial RSU grant terms, an automatic sell-to-cover mechanism required selling shares upon vesting specifically to fund applicable tax withholding obligations on the restricted stock unit awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
