ARDELYX, INC. — Director's Dealing 2018

Nov 16, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2018-11-13

Reporting Person: GRAMMER ELIZABETH A (EVP, General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-09-21	Common Stock	G	1000	—	Disposed	142743	Direct
2018-09-21	Common Stock	G	1000	—	Acquired	1000	Indirect
2018-09-21	Common Stock	G	1000	—	Disposed	141743	Direct
2018-09-21	Common Stock	G	1000	—	Disposed	140743	Direct
2018-11-13	Common Stock	S	6539	$2.84	Disposed	134204	Direct

Footnotes

F1: This transaction involved a gift of securities by the Reporting Person to her son, who shares Reporting Person's household. The Reporting Person disclaims beneficial ownership of the shares held by her son, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of her son's shares for purposes of Section 16 or for any other purpose.

F2: Includes 2,463 shares acquired under the Issuer's Employee Stock Purchase Plan on August 31, 2018.

F3: Pursuant to an automatic sell-to-cover imposed by the terms of the initial grant of the restricted stock units ("RSUs") awards, the shares were sold upon the vesting of the RSUs solely to cover applicable withholding taxes.

F4: This transaction was executed in multiple trades in prices ranging from $2.8062 to $2.84, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.