ARDELYX, INC. - Director's Dealing 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2019-11-19

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-19	Common Stock	M	5000	$3.42	Acquired	123219	Direct
2019-11-19	Common Stock	S	5000	$7.00	Disposed	118219	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-19	Stock Option (Right to Buy)	$3.42	M	5000	Acquired	2022-12-06	Common Stock (5000)	Direct

Security	Shares	Ownership
Common Stock	2000	Indirect

F1: Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on June 3, 2019

F2: Reflects the adjusted total which includes the purchase of 2,329 shares under the Ardelyx Employee Stock Purchase Plan on August 31, 2019

F3: The option is fully vested and exercisable.