Ardelyx (ARDX) Proxy filing summary

Executive summary

• Proposal to amend the 2014 Equity Incentive Award Plan by adding 9,000,000 shares to the reserve, supporting growth and talent retention through 2027.

• The amendment is positioned as essential for scaling operations, commercializing products, and building the pipeline.

• Forward-looking statements highlight plans for continued growth, commercialization, and pipeline development, with risks noted regarding talent competition and capital resources.

Voting matters and shareholder proposals

• Stockholders are asked to approve the amendment to the equity plan at the June 16, 2026 annual meeting.

• The Board of Directors, after review with independent advisors, strongly recommends voting in favor of the proposal.

Board of directors and corporate governance

• The Compensation and Leadership Development Committee conducted a thorough evaluation and recommended the equity plan amendment to the Board.

• Directors, officers, and employees may be participants in the proxy solicitation, with their interests disclosed in the proxy statement.