David P. Rosenbaum - 06 Jan 2022 Form 4 Insider Report for ARDELYX, INC. (ARDX)

Role: Chief Development Officer
Signature: /s/ Elizabeth Grammer, Attorney-in-Fact for David Rosenbaum
Issuer symbol: ARDX
Transactions as of: 06 Jan 2022
Net transactions value: $0
Form type: 4
Filing time: 12 Jan 2022, 18:49:29 UTC
Previous filing: 24 Nov 2021
Next filing: 25 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARDX	Common Stock	Award	$0	+40,000	+13%	$0.000000	351,161	06 Jan 2022	Direct	F1
transaction	ARDX	Common Stock	Award	$0	+15,000	+17%	$0.000000	105,627	06 Jan 2022	By Wife	F1, F2
holding	ARDX	Common Stock						77,592	06 Jan 2022	Family Trust	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ARDX	Stock Option (Right to Buy)	Award	$0	+190,000		$0.000000	190,000	06 Jan 2022	Common Stock	190,000	$0.9900	Direct	F4
transaction	ARDX	Stock Option (Right to Buy)	Award	$0	+70,313		$0.000000	70,313	06 Jan 2022	Common Stock	70,313	$0.9900	By Wife	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units ("RSUs"). The Reporting Person is entitled to receive one (1) shares of Common Stock for each one (1) RSU upon the vesting thereof.
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	The option becomes exercisable as it vests and the shares subject to the option vest in 48 successive, equal monthly installments on each monthly anniversary of January 6, 2022, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.