ARDELYX, INC. — Director's Dealing 2020

Sep 18, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2020-09-15

Reporting Person: GRAMMER ELIZABETH A (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-15	Common Stock	S	28810	$5.3653	Disposed	72527	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2566	Indirect

Footnotes

F1: 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.

F2: This transaction was executed in multiple trades in prices ranging from $5.30 to $5.7797, 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.

F3: Includes 1,229 shares acquired under the Issuer's Employee Stock Purchase Plan on August 31, 2020.