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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 3/25/24 |
| Issuer: |
| Issuer CIK: 1437402 |
| Issuer Name: ARDELYX, INC. |
| Issuer Trading Symbol: ARDX |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1987188 |
| | Owner Name: Kelliher Mike |
| Reporting Owner Address: |
| | Owner Street 1: C/O ARDELYX, INC. |
| | Owner Street 2: 400 FIFTH AVENUE, SUITE 210 |
| | Owner City: WALTHAM |
| | Owner State: MA |
| | Owner ZIP Code: 02451 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Officer? Yes |
| | Officer Title: See Remarks |
| Aff 10b5 One? No |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/25/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 160,000 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 160,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Stock Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 7.7 |
| | Transaction Date: |
| | | Value: 3/25/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 205,000 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F2 |
| | Expiration Date: |
| | | Value: 3/25/34 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 205,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 205,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - 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. |
| Footnote - F2: Twenty Five Percent (25%) of the shares subject to the option vest on March 25, 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. |
| Remarks: Executive Vice President, Corporate Development and Strategy |
| Owner Signature: |
| Signature Name: /s/ Elizabeth Grammer, Attorney-in-Fact for Mike Kelliher |
| Signature Date: 3/27/24 |
