ARDELYX, INC. — Director's Dealing 2020

Feb 20, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2020-01-21

Reporting Person: Rosenbaum David P. (Chief Development Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-21	Stock Option (Right to Buy)	$7.17	A	47500	Acquired	2030-01-21	Common Stock (47500)	Indirect

Footnotes

F1: The option becomes exercisable as it vests and the shares subject to the option vest with respect to 1/48 of the shares subject thereto on each monthly anniversary of January 21, 2020, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.

F2: The shares are directly held by the Reporting Person's wife.