ARDELYX, INC. — Director's Dealing 2023

Jun 28, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARDELYX, INC. (ARDX)
CIK: 0001437402
Period of Report: 2023-06-23

Reporting Person: Blanks Robert (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-23	Common Stock	M	33333	$3.42	Acquired	299467	Direct
2023-06-23	Common Stock	S	33333	$3.6313	Disposed	266134	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-06-23	Stock Option (Right to Buy)	$3.42	M	33333	Disposed	2023-07-18	Common Stock (33333)	Direct

Footnotes

F1: This transaction relates an option that would have expired on July 18, 2023 and does not result in a reduction of shares held outright by the Reporting Person. The shares acquired upon the exercise of the option were sold pursuant to a Rule 10b5-1 stock trading plan adopted by the Reporting Person on March 24, 2023. accordingly, the Reporting Person had no discretion with regard to the timing of the transaction.

F2: This transaction was executed in multiple trades in prices ranging from $3.62 to $3.70, inclusive. The price reported in Column 4 above reflects the weighted average sales 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: The option, which was granted on July 18, 2013, and has an expiration date of July 18, 2023, is fully vested and exercisable.