Justin Renz - Feb 25, 2025 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: Feb 25, 2025
Transactions value $: $0
Form type: 4
Date filed: 2/27/2025, 06:01 PM
Previous filing: Feb 21, 2025
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	+137K	+47.8%	$0.00	423K	Feb 25, 2025	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	+205K		$0.00	205K	Feb 25, 2025	Common Stock	205K	$5.18	Direct	F2

* 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 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 February 25, 2025, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.