Jan M. Lundberg - Jun 15, 2023 Form 4 Insider Report for ARDELYX, INC. (ARDX)

Role: Director
Signature: /s/ Elizabeth Grammer, Attorney-in-Fact for Jan M. Lundberg
Stock symbol: ARDX
Transactions as of: Jun 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/16/2023, 06:33 PM
Previous filing: Jun 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARDX	Common Stock	Award	$0	+12.8K	+9.52%	$0.00	147K	Jun 15, 2023	Direct	F1

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	+49.2K		$0.00	49.2K	Jun 15, 2023	Common Stock	49.2K	$3.92	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	The shares were issued pursuant to the Issuer's Non-Employee Director Compensation Program. The Reporting Person elected to receive stock in lieu of cash as permitted under the program.
F2	The option was issued pursuant to the Issuer's Non-Employee Director Compensation Program.
F3	The option vests with respect to 1/12th of the shares subject thereto on each monthly anniversary of the grant date, which vesting will accelerate in full on the date of the next annual stockholder's meeting to the extent unvested as of such date, subject to continued service through each applicable vesting date.