Michael Raab Insider Trading Report

Michael Raab, President & CEO of ARDELYX, INC. (ARDX), reported a series of transactions on May 15, 2026. Raab acquired 20,833 shares of Common Stock via the exercise of a stock option at a price of $0.99 per share, pursuant to a 10b5-1 trading plan. Concurrently, he disposed of 41,666 shares of Common Stock at a weighted average price of $6.2788 per share. These transactions were made directly by Raab. Following these transactions, Raab directly holds 1,774,781 shares. Additionally, Raab has indirect ownership of 24,364 shares held in a family trust and 1,000 shares held in another family trust for his children. The reported stock option becomes exercisable as it vests in monthly installments through January 2026.