Justin Renz - Aug 21, 2023 Form 4 Insider Report for ARDELYX, INC. (ARDX)

Role: Chief Financial Officer
Signature: /s/ Elizabeth Grammer, Attorney-in-Fact for Justin Renz
Stock symbol: ARDX
Transactions as of: Aug 21, 2023
Transactions value $: -$10,243
Form type: 4
Date filed: 8/23/2023, 04:42 PM
Previous filing: May 25, 2023
Next filing: Nov 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARDX	Common Stock	Sale	-$10.2K	-2.88K	-0.86%	$3.55	334K	Aug 21, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Pursuant to an automatic sell-to-cover imposed by the terms of the initial grant of the restricted stock units ("RSUs") awards, the shares were sold upon the vesting of the RSUs solely to cover applicable withholding taxes.
F2	This transaction was executed in multiple trades in prices ranging from $3.5135 to $3.551843, 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.

Content

Pursuant to an automatic sell-to-cover imposed by the terms of the initial grant of the restricted stock units ("RSUs") awards, the shares were sold upon the vesting of the RSUs solely to cover applicable withholding taxes.

This transaction was executed in multiple trades in prices ranging from $3.5135 to $3.551843, 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.