Summary by Futu AI
Michael G. Raab, an officer and director at Ardelyx, Inc., is set to sell 7,500 shares of common stock on April 15, 2024. The shares, valued at an aggregate market price of $52,923.75, were originally acquired as restricted stock from the issuer on two separate occasions, with 2,840 shares obtained on May 19, 2021, and an additional 4,660 shares on February 19, 2021. This upcoming transaction follows a recent history of sales over the past three months, where a total of 24,435 shares were sold for gross proceeds of approximately $211,400.88. The notice for the planned sale was filed on the same date as the sale, April 15, 2024, with the plan for this transaction having been adopted on December 13, 2023.