Summary by Futu AI
Ardelyx, Inc. officer and director Michael G. Raab is set to sell 7,500 shares of common stock on 07/15/2024, as announced by the company. The shares, valued at an aggregate market value of $44,766.75, were acquired as restricted stock on two separate occasions, with 3,528 shares obtained on 11/19/2021 and 3,972 shares on 02/19/2022, both directly from the issuer. This planned sale follows a series of transactions over the past three months, where a total of 109,294 shares were sold for gross proceeds of $760,294.27. The notice of the upcoming sale was filed on the same date as the planned sale, with the plan for this transaction having been adopted on 12/13/2023.