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Filing Details

Accession Number:: 0001209191-20-036366
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-06-12 17:38:57
Reporting Period:: 2020-06-10

Accepted Time:: 2020-06-12 17:38:57
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1437402	Ardelyx Inc.	ARDX	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1277631	Forest Baskett	1954 Greenspring Drive Suite 600 Timonium MD 21093		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2020-06-10	1,482,809	$0.00	8,086,401	No	4	J	Indirect	See Note 2
Common Stock	Acquisiton	2020-06-10	455,222	$0.00	455,222	No	4	J	Indirect	See Note 4
Common Stock	Disposition	2020-06-10	455,222	$0.00	0	No	4	J	Indirect	See Note 4
Common Stock	Disposition	2020-06-10	477,604	$0.00	2,604,582	No	4	J	Indirect	See Note 7
Common Stock	Acquisiton	2020-06-10	7,164	$0.00	7,164	No	4	J	Indirect	See Note 9
Common Stock	Disposition	2020-06-10	7,164	$0.00	0	No	4	J	Indirect	See Note 9
Common Stock	Disposition	2020-06-10	539,587	$0.00	2,942,599	No	4	J	Indirect	See Note 12
Common Stock	Acquisiton	2020-06-10	8,094	$0.00	8,094	No	4	J	Indirect	See Note 14
Common Stock	Disposition	2020-06-10	8,094	$0.00	0	No	4	J	Indirect	See Note 14
Common Stock	Acquisiton	2020-06-10	83,237	$0.00	83,237	No	4	J	Indirect	See Note 17
Common Stock	Acquisiton	2020-06-10	43	$0.00	83,280	No	4	J	Indirect	See Note 17
Common Stock	Acquisiton	2020-06-10	3,369	$0.00	86,649	No	4	J	Indirect	See Note 17
Common Stock	Acquisiton	2020-06-10	3,377	$0.00	90,026	No	4	J	Indirect	See Note 17
Common Stock	Acquisiton	2020-06-10	21,821	$0.00	21,821	No	4	J	Indirect	See Note 22
Common Stock	Acquisiton	2020-06-10	389	$0.00	389	No	4	J	Indirect	See Note 24
Common Stock	Acquisiton	2020-06-10	690	$0.00	1,079	No	4	J	Indirect	See Note 24
Common Stock	Disposition	2020-06-11	44,991	$6.32	45,035	No	4	S	Indirect	See Note 17
Common Stock	Disposition	2020-06-11	21,821	$6.37	0	No	4	S	Indirect	See Note 22
Common Stock	Disposition	2020-06-11	1,079	$6.38	0	No	4	S	Indirect	See Note 24
Common Stock	Disposition	2020-06-12	44,992	$6.42	43	No	4	S	Indirect	See Note 17

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Indirect	See Note 2
No	4	J	Indirect	See Note 4
No	4	J	Indirect	See Note 4
No	4	J	Indirect	See Note 7
No	4	J	Indirect	See Note 9
No	4	J	Indirect	See Note 9
No	4	J	Indirect	See Note 12
No	4	J	Indirect	See Note 14
No	4	J	Indirect	See Note 14
No	4	J	Indirect	See Note 17
No	4	J	Indirect	See Note 17
No	4	J	Indirect	See Note 17
No	4	J	Indirect	See Note 17
No	4	J	Indirect	See Note 22
No	4	J	Indirect	See Note 24
No	4	J	Indirect	See Note 24
No	4	S	Indirect	See Note 17
No	4	S	Indirect	See Note 22
No	4	S	Indirect	See Note 24
No	4	S	Indirect	See Note 17

Footnotes

New Enterprise Associates 12, Limited Partnership ("NEA 12") made a pro rata distribution for no consideration of an aggregate of 1,482,809 shares of Common Stock of the Issuer to its general partner and its limited partners on June 10, 2020.
The Reporting Person is a manager of NEA 12 GP, LLC ("NEA 12 GP"), which is the sole general partner of NEA Partners 12, Limited Partnership ("NEA Partners 12"). NEA Partners 12 is the sole general partner of NEA 12, which is the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the NEA 12 shares in which the Reporting Person has no pecuniary interest.
NEA Partners 12 received 455,222 shares of Common Stock of the Issuer in the distribution by NEA 12 on June 10, 2020.
The Reporting Person is a manager of NEA 12 GP, which is the sole general partner of NEA Partners 12, the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the NEA Partners 12 shares in which the Reporting Person has no pecuniary interest.
NEA Partners 12 made a pro rata distribution for no consideration of an aggregate of 455,222 shares of Common Stock of the Issuer to its limited partners on June 10, 2020.
New Enterprise Associates 15, L.P. ("NEA 15") made a pro rata distribution for no consideration of an aggregate of 477,604 shares of the Common Stock of the Issuer to its general partner and its limited partners on June 10, 2020.
The Reporting Person is a manager of NEA 15 GP, LLC ("NEA 15 GP"), which is the sole general partner of NEA Partners 15, L.P. ("NEA Partners 15"). NEA Partners 15 is the sole general partner of NEA 15, the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the NEA 15 shares in which the Reporting Person has no pecuniary interest.
NEA Partners 15 received 7,164 shares of Common Stock of the Issuer in the distribution by NEA 15 on June 10, 2020.
The Reporting Person is a director of NEA 15 GP, which is the sole general partner of NEA Partners 15, the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the NEA Partners 15 shares in which the Reporting Person has no pecuniary interest.
NEA Partners 15 made a pro rata distribution for no consideration of an aggregate of 7,164 shares of Common Stock of the Issuer to its limited partners on June 10, 2020.
NEA 15 Opportunity Fund, L.P. ("NEA Opportunity 15") made a pro rata distribution for no consideration of an aggregate of 539,587 shares of Common Stock of the Issuer to its general partner and its limited partners on June 10, 2020.
The Reporting Person is a manager of NEA 15 GP, which is the sole general partner of NEA Partners 15-OF, L.P. ("NEA Partners 15-OF"). NEA Partners 15-OF is the sole general partner of NEA Opportunity 15, the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA Opportunity 15 in which the Reporting Person has no pecuniary interest.
NEA Partners 15-OF received 8,094 shares of Common Stock of the Issuer in the distribution by NEA Opportunity 15 on June 10, 2020.
The Reporting Person is a director of NEA 15 GP, which is the sole general partner of NEA Partners 15-OF, the direct beneficial owner of thesecurities. The Reporting Person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, asamended, or otherwise of such portion of the NEA Partners 15-OF shares in which the Reporting Person has no pecuniary interest.
NEA Partners 15-OF made a pro rata distribution for no consideration of an aggregate of 8,094 shares of Common Stock of the Issuer to its limited partners on June 10, 2020.
New Enterprise Associates, LLC ("NEA LLC") received 83,237 shares of Common Stock of the Issuer in the distribution by NEA Partners 12 on June 10, 2020.
The Reporting Person is a member of the Board of Directors of NEA LLC, which is the direct beneficial owner of the shares. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the NEA LLC shares in which the Reporting Person has no pecuniary interest.
NEA LLC received 43 shares of Common Stock of the Issuer in the distribution by NEA 15 on June 10, 2020.
NEA LLC received 3,369 shares of Common Stock of the Issuer in the distribution by NEA Partners 15 on June 10, 2020.
NEA LLC received 3,377 shares of Common Stock of the Issuer in the distribution by NEA Partners 15-OF on June 10, 2020.
The Baskett Family Trust u/a dtd 10/12/10 (the "Baskett Trust") received 21,821 shares of the Common Stock of the Issuer in the distribution by NEA Partners 12 on June 10, 2020.
The Reporting Person is a trustee of the Baskett Trust, which is the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the 1934 Act, as amended, of such portion of the Baskett Trust shares in which the Reporting Person has no pecuniary interest.
The Baskett-McKay Family Trust dtd 3/12/2014 (the "Baskett-McKay Trust") received 389 shares of Common Stock of the Issuer in the distribution by NEA Partners 15 on June 10, 2020.
The Reporting Person is a trustee of the Baskett-McKay Trust, which is the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the 1934 Act, as amended, of such portion of the Baskett-McKay Trust shares in which the Reporting Person has no pecuniary interest.
The Baskett-McKay Trust received 690 shares of Common Stock of the Issuer in the distribution by NEA Partners 15-OF on June 10, 2020.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.21 to $6.495, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (26) to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.21 to $6.70, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (27) to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.25 to $6.66, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (28) to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.29 to $6.585, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (29) to this Form 4.