ARDELYX, INC. — Director's Dealing 2020

Apr 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2020-04-27

Reporting Person: GRAMMER ELIZABETH A (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-27	Common Stock	S	1446	$7.5407	Disposed	117986	Direct
2020-04-27	Common Stock	S	2500	$7.5237	Disposed	115486	Direct
2020-04-27	Common Stock	S	3542	$7.4922	Disposed	111944	Direct
2020-04-27	Common Stock	S	10336	$7.4422	Disposed	101608	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2066	Indirect

Footnotes

F1: Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 27, 2020.

F2: The transaction was executed in multiple trades in prices ranging from $7.48 to $7.675, 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: Reflects the adjusted total which includes the purchase of 1,213 shares under the Ardelyx Employee Stock Purchase Plan on February 28, 2020.

F4: The transaction was executed in multiple trades in prices ranging from $7.38 to $7.68, 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.

F5: The transaction was executed in multiple trades in prices ranging from $7.31 to $7.68, 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.

F6: The transaction was executed in multiple trades in prices ranging from $7.31 to $7.69, 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.