Form 4: Ardelyx CEO Sells Shares
Insider Transaction (Form 4)
Michael Raab, President & CEO and a Director of Ardelyx, Inc., sold 58,574 shares of common stock on August 21, 2026 for $3.86 per share.
Summary
- Open-market sale: disposed of 15,009 Common Stock at $3.86 ($57,888) on August 21, 2026; holds 1,663,357 after (Direct).
- Open-market sale: disposed of 15,976 Common Stock at $3.86 ($61,618) on August 21, 2026; holds 1,647,381 after (Direct).
- Open-market sale: disposed of 8,411 Common Stock at $3.86 ($32,440) on August 21, 2026; holds 1,638,970 after (Direct).
- Open-market sale: disposed of 19,178 Common Stock at $3.86 ($73,968) on August 21, 2026; holds 1,619,792 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative signal: an insider sold $225,914 of stock on the open market.
Insider Transactions
Michael Raab — Director, Officer (President & CEO)
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-21 | Open-market sale | Common Stock | 15,009 | $4 | $57.9K | 1,663,357 |
| 2026-08-21 | Open-market sale | Common Stock | 15,976 | $4 | $61.6K | 1,647,381 |
| 2026-08-21 | Open-market sale | Common Stock | 8,411 | $4 | $32.4K | 1,638,970 |
| 2026-08-21 | Open-market sale | Common Stock | 19,178 | $4 | $74.0K | 1,619,792 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-21 | Open-market sale (15,009 shares) |
| 2026-08-21 | Open-market sale (15,976 shares) |
| 2026-08-21 | Open-market sale (8,411 shares) |
| 2026-08-21 | Open-market sale (19,178 shares) |
Keywords
insider transaction, Form 4, ARDX, ARDELYX, INC., bearish, Michael Raab
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