DAVID M. MOTT - 14 Jun 2024 Form 4 Insider Report for ARDELYX, INC. (ARDX)

Role: Director
Signature: /s/ Elizabeth Grammer, Attorney-in-Fact for David Mott
Issuer symbol: ARDX
Transactions as of: 14 Jun 2024
Net transactions value: $0
Form type: 4
Filing time: 17 Jun 2024, 18:47:24 UTC
Previous filing: 14 Jun 2024
Next filing: 01 Jul 2024
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	+17,322	+1.5%	$0.000000	1,209,597	14 Jun 2024	Direct	F1, F2

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	+40,243		$0.000000	40,243	14 Jun 2024	Common Stock	40,243	$6.35	Direct	F3, F4

* 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 Reporting Person holds 87,566 shares for the benefit of entities associated with New Enterprise Associates and disclaims beneficial ownership of such shares, except to the extent of his actual pecuniary interest therein.
F3	The option was issued pursuant to the Issuer's Non-Employee Director Compensation Program.
F4	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.