ARDELYX, INC. — Director's Dealing 2021

Aug 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2021-08-03

Reporting Person: RAAB MICHAEL (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-03	Common Stock	M	267892	$0.54	Acquired	482646	Direct
2021-08-03	Common Stock	F	150343	$1.64	Disposed	332303	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-03	Stock Option (Right to Buy)	$0.54	M	267892	Disposed	2021-08-11	Common Stock (267892)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	24364	Indirect
Common Stock	1000	Indirect

Footnotes

F1: These shares were withheld so the Reporting Person could satisfy the exercise price and the withholding of taxes arising from a net (cashless) exercise of stock options. The options subject to the net exercise were granted in August 2011 and set to expire on August 11, 2021.

F2: The shares are directly held by Michael G. Raab, Trustee of the Michael G. Raab Living Trust dated July 25, 2012.

F3: The shares are owned directly by trusts for the benefit of the Reporting Person's children.

F4: Fully exercisable.