Michael Raab, President & CEO at ARDELYX, INC. (ARDX), sold 45,980 shares at $5.70 ($269K) on 2026-02-20, disclosed to the SEC on 2026-02-23.
Seasonal sale ($269k) by President & CEO — this insider has traded ARDX in February in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $5.70 | 1 | $6 | 0.0% |
| 2 | $5.70 | 2 | $11 | 0.0% |
| 3 | $5.71 | 5,576 | $32K | 11.8% |
| 4 | $5.87 | 40,401 | $237K | 88.2% |
| Total | $5.85 avg | 45,980 | $269K | 100% |
| Filing → |
| ARDX | SELL | 2026-06-17 | $236K | — | Filing → |
| ARDX | SELL | 2026-05-22 | $343K | — | Filing → |
| ARDX | SELL | 2026-05-19 | $262K | — | Filing → |