RAAB MICHAEL

PrivateCIK: 1321402
Location

BALTIMORE, MD

RAAB MICHAEL (President & CEO) sold 2.4% of their position (45.98K shares) of ARDELYX, INC. on the open market

Open‑market sale worth $268.8K — a minor trim. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 5 sales
InsiderRAAB MICHAELCIK 1321402
IssuerARDELYX, INC.CIK 1437402
DirectorOfficer· President & CEO
Since Jul 2018
-45.98K
Net shares
Net seller
$268.8K
Total sold
5
Open market trades
0B · 5S
5
Total transactions
45.98K disposed
Non-Derivative Transactions5

Common Stock

Direct
S · Sale

Shares

40.40K

Price / share

$5.87

Trade value

$236.95K

% of position

2.1%
2/20/2026
1.90M1.86M

Common Stock

Direct
S · Sale

Shares

5.58K

Price / share

$5.71

Trade value

$31.86K

% of position

0.3%
2/20/2026
1.86M1.86M

Common Stock

Direct
S · Sale

Shares

2.00

Price / share

$5.70

Trade value

$11.40

% of position

0.0%
2/20/2026
1.86M1.86M

Common Stock

Direct
S · Sale

Shares

1.00

Price / share

$5.70

Trade value

$5.70

% of position

0.0%
2/20/2026
1.86M1.86M

Common Stock

Direct
S · Sale

Shares

2.00

Price / share

$5.70

Trade value

$11.40

% of position

0.0%
2/20/2026
1.86M1.86M
Total

Net shares

45.98K

Net value

-$268.84K

Derivative Transactions0
No derivative transactions reported
Non-Derivative Holdings (Post-Transaction)2

Common Stock

Indirect
Shares owned24.36K

Common Stock

Indirect
Shares owned1K
Total
25.36K indirect25.36K
Derivative Holdings (Post-Transaction)0
No derivative holdings reported
RAAB MICHAEL — Insider Transaction (Form 4) Filed Feb 23, 2026 | Finecho