ARDELYX, INC. — Director's Dealing 2020

Feb 20, 2020

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2019-09-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-05	Common Stock	S	3000	$5.0339	Disposed	20638	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	77592	Indirect
Common Stock	162966	Direct

Footnotes

F1: Reflects the adjusted total which includes the purchase of 2,609 shares under the Ardelyx Employee
Stock Purchase Plan on August 31, 2019.

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

F3: The shares are directly held by David Paul Rosenbaum and Susan Edelstein Rosenbaum, Trustees of the David Paul Rosenbaum Family Trust.

F4: Reflects the adjusted total which includes the purchase of 2,795 shares under the Ardelyx Employee
Stock Purchase Plan on August 31, 2019.