Eric D. Foster - Aug 8, 2024 Form 4 Insider Report for ARDELYX, INC. (ARDX)

Role: Chief Commercial Officer
Signature: /s/ Elizabeth Grammer, Attorney-in-fact for Eric D. Foster
Stock symbol: ARDX
Transactions as of: Aug 8, 2024
Transactions value $: $0
Form type: 4
Date filed: 8/16/2024, 06:10 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARDX	Common Stock	Award	$0	+180K		$0.00	180K	Aug 8, 2024	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	+230K		$0.00	230K	Aug 8, 2024	Common Stock	230K	$5.87	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Consists of 180,000 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	Twenty Five Percent (25%) of the shares subject to the option vest on August 8, 2025 and the remaining shares subject to the option vest in 36 successive, equal monthly installments thereafter, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.