ARDELYX, INC. — Director's Dealing 2020

Jun 12, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2020-06-10

Reporting Person: KERINS PATRICK J (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-10	Common Stock	J	1482809	$0.00	Disposed	8086401	Indirect
2020-06-10	Common Stock	J	455222	$0.00	Acquired	455222	Indirect
2020-06-10	Common Stock	J	455222	$0.00	Disposed	0	Indirect
2020-06-10	Common Stock	J	10825	$0.00	Acquired	11066	Direct
2020-06-10	Common Stock	J	121	$0.00	Acquired	11187	Direct
2020-06-10	Common Stock	J	137	$0.00	Acquired	11324	Direct

Footnotes

F1: New Enterprise Associates 12, Limited Partnership ("NEA 12") made a pro rata distribution for no consideration of an aggregate of 1,482,809 shares of Common Stock of the Issuer to its general partner and its limited partners on June 10, 2020.

F2: The Reporting Person is a manager of NEA 12 GP, LLC ("NEA 12 GP"), which is the sole general partner of NEA Partners 12, Limited Partnership ("NEA Partners 12"). NEA Partners 12 is the sole general partner of NEA 12, which is the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the NEA 12 shares in which the Reporting Person has no pecuniary interest.

F3: NEA Partners 12 received 455,222 shares of Common Stock of the Issuer in the distribution by NEA 12 on June 10, 2020.

F4: The Reporting Person is a manager of NEA 12 GP, which is the sole general partner of NEA Partners 12, the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the NEA Partners 12 shares in which the Reporting Person has no pecuniary interest.

F5: NEA Partners 12 made a pro rata distribution for no consideration of an aggregate of 455,222 shares of Common Stock of the Issuer to its limited partners on June 10, 2020.

F6: The Reporting Person received 10,825 shares of Common Stock of the Issuer in the distribution by NEA Partners 12 on June 10, 2020.

F7: NEA Partners 15, L.P. made a pro rata distribution for no consideration of shares of Common Stock of the Issuer to its limited partners on June 10, 2020. The Reporting Person received 121 shares of Common Stock of the Issuer in the distribution.

F8: NEA Partners 15-OF, L.P. made a pro rata distribution for no consideration of shares of Common Stock of the Issuer to its limited partners on June 10, 2020. The Reporting Person received 137 shares of Common Stock of the Issuer in the distribution.