Scott D. Sandell - Dec 9, 2021 Form 4 Insider Report for ARDELYX, INC. (ARDX)

Role
10%+ Owner
Signature
/s/ Sasha Keough, attorney-in-fact
Stock symbol
ARDX
Transactions as of
Dec 9, 2021
Transactions value $
-$3,642,572
Form type
4
Date filed
12/27/2021, 04:40 PM
Previous filing
Jan 13, 2022
Next filing
Dec 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARDX Common Stock Sale -$601K -397K -4.91% $1.51 7.69M Dec 9, 2021 See Note 2 F1, F2
transaction ARDX Common Stock Sale -$193K -128K -4.91% $1.51 2.48M Dec 9, 2021 See Note 3 F1, F3
transaction ARDX Common Stock Sale -$219K -145K -4.91% $1.51 2.8M Dec 9, 2021 See Note 4 F1, F4
transaction ARDX Common Stock Sale -$739K -594K -7.72% $1.24 7.1M Dec 14, 2021 See Note 2 F2
transaction ARDX Common Stock Sale -$238K -191K -7.71% $1.24 2.29M Dec 14, 2021 See Note 3 F3
transaction ARDX Common Stock Sale -$269K -216K -7.72% $1.24 2.58M Dec 14, 2021 See Note 4 F4
transaction ARDX Common Stock Sale -$1.02M -888K -12.52% $1.14 6.21M Dec 15, 2021 See Note 2 F2
transaction ARDX Common Stock Sale -$369K -323K -12.52% $1.14 2.26M Dec 15, 2021 See Note 4 F4
holding ARDX Common Stock 47 Dec 9, 2021 See Note 5 F5
holding ARDX Common Stock 47 Dec 9, 2021 See Note 6 F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Scott D. Sandell is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.50 to $1.58, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.
F2 The Reporting Person is a manager of NEA 12 GP, LLC, which is the sole general partner of NEA Partners 12, Limited Partnership ("NEA Partners 12"). NEA Partners 12 is the sole general partner of New Enterprise Associates 12, Limited Partnership ("NEA 12"), which is the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the NEA 12 securities in which the Reporting Person has no pecuniary interest.
F3 The Reporting Person is a manager of NEA 15 GP, LLC ("NEA 15 GP"), which is the sole general partner of NEA Partners 15, L.P. ("NEA Partners 15"). NEA Partners 15 is the sole general partner of New Enterprise Associates 15, L.P. ("NEA 15"), the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the NEA 15 securities in which the Reporting Person has no pecuniary interest.
F4 The Reporting Person is a manager of NEA 15 GP, which is the sole general partner of NEA Partners 15-OF, L.P. ("NEA Partners 15-OF"). NEA Partners 15-OF is the sole general partner of NEA 15 Opportunity Fund, L.P. ("NEA 15-OF"), the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the NEA 15-OF securities in which the Reporting Person has no pecuniary interest.
F5 The securities are directly held by Genevieve P. Hardigg, as trustee of the Jennifer Ayer Sandell Rising River Trust, dated December 20, 2012 (the "Jennifer Ayer Sandell Rising River Trust"). The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the 1934 Act, as amended, or otherwise of such portion of the Jennifer Ayer Sandell Rising River Trust securities in which the Reporting Person has no pecuniary interest.
F6 The securities are directly held by Genevieve P. Hardigg, as trustee of the Scott Sandell Rising River Trust, dated December 20, 2012 (the "Scott Sandell Rising River Trust"). The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the 1934 Act, as amended, or otherwise of such portion of the Scott Sandell Rising River Trust securities in which the Reporting Person has no pecuniary interest.