ARDELYX, INC. — Director's Dealing 2018

Apr 13, 2018

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2017-12-31

Reporting Person: Rosenbaum David P. (Chief Development Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-08-09	Common Stock	A	2500	$0.00	Acquired	4345	Indirect
2017-12-27	Common Stock	S	300	$6.6222	Disposed	4045	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	66911	Direct
Common Stock	77592	Indirect

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 568 shares acquired under the Issuer's Employee Stock Purchase Plan on August 31, 2017.

F3: The shares are directly held by the Reporting Person's wife.

F4: The shares are directly held by David Paul Rosenbaum and Susan Edelstein Rosenbaum, Trustees of the David Paul Rosenbaum Family Trust.

F5: Includes 270 shares acquired under the Issuer's Employee Stock Purchase Plan on August 31, 2017.