ARDELYX, INC. — Director's Dealing 2020

Dec 15, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2020-12-11

Reporting Person: GRAMMER ELIZABETH A (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-11	Common Stock	M	1000	$2.32	Acquired	73527	Direct
2020-12-11	Common Stock	S	1000	$7.3	Disposed	72527	Direct
2020-12-14	Common Stock	M	41000	$2.32	Acquired	113527	Direct
2020-12-14	Common Stock	S	41000	$7.30	Disposed	72527	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-11	Stock Option (Right to Buy)	$2.32	M	1000	Disposed	2029-01-17	Common Stock (1000)	Direct
2020-12-14	Stock Option (Right to Buy)	$2.32	M	41000	Disposed	2029-01-17	Common Stock (41000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2566	Indirect

Footnotes

F1: Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on June 29, 2020.

F2: The option becomes exercisable as it vests and the shares subject to the option vest in 48 successive, equal monthly installments on each monthly anniversary of January 17, 2019, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.