ARDELYX, INC. — Director's Dealing 2018

Jul 31, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2018-07-26

Reporting Person: Kaufmann Mark (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-07-26	Common Stock	A	100000	$0.00	Acquired	151386	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-07-26	Stock Option (Right to Buy)	$4.30	A	54730	Acquired	2028-07-26	Common Stock (54730)	Direct

Footnotes

F1: Restricted stock units ("RSUs"). The Reporting Person is entitled to receive one (1) share of Common Stock for each one (1) RSU upon the vesting thereof.

F2: Includes (i) an aggregate of 2,708 shares acquired under the Issuer's Employee Stock Purchase Plan on August 31, 2017 and February 28, 2018, and (ii) 90 shares which were inadvertently omitted from the Reporting Person's Form 4 filed on August 11, 2017.

F3: The option becomes exercisable as it vests and the shares subject to the option vest with respect to 1/48 of the shares subject thereto on each monthly anniversary of July 26, 2018, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.