Chief Financial Officer Susan Hohenleitner of Ardelyx Inc. sold 1,558 shares of common stock on August 21 to satisfy U.S. tax withholding requirements tied to the vesting of restricted stock units. The transaction, executed as a "sell-to-cover" order, generated approximately $6,009 in proceeds at a weighted average price of $3.8569 per share, with individual trades ranging from $3.648 to $3.984.
The disposal leaves Hohenleitner with a direct holding of 227,520 Ardelyx shares. The filing was signed on August 25 and reported to regulators under standard insider-transaction protocols.
Ardelyx’s stock has declined 35% year-to-date and is trading near its 52-week low of $3.73, down from a 2026 peak of $8.40. The company’s market capitalization stands at $932 million, and its shares are cited as undervalued relative to InvestingPro’s Fair Value estimate.
The CFO’s transaction follows recent corporate developments. Second-quarter revenue rose 31% year-over-year to a record $118 million, though the company adjusted full-year guidance for IBSRELA and withdrew its revenue target for XPHOZAH, contributing to after-hours share weakness. Options activity surged to 11,147 contracts, the highest since April 2025, with put volume totaling 10,676 contracts compared to 471 calls.
