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 10/11/2024, with an aggregate market value of $45,075. The shares to be sold were acquired as restricted stock on various dates, with the most recent acquisition on 11/19/2022, when Raab acquired 4,494 shares from the issuer. Prior acquisitions include 2,073 shares on 08/19/2022 and 933 shares on 02/19/2023. This planned sale follows a series of transactions over the past three months, where a total of 116,454 shares were sold for gross proceeds of $671,190.28. The notice of the upcoming sale was filed on the same date as the planned sale, 10/11/2024, following a plan adoption or instruction given on 12/13/2023.