ARDELYX INC

Ticker: ARDX CUSIP: 039697107 Class: Common Stock

SABBY MANAGEMENT, LLC's Holding History (CIK: 0001535610)

Note: Option positions (PUT/CALL) are excluded.

Q1 2016

Shares 22,278 Value ($000) $173 Avg Close $9.84 Range $6.84 - $17.90

Q2 2015

Shares 13,757 Value ($000) $220 Avg Close $12.61 Range $7.95 - $17.66

Q1 2015

Shares 112,174 Value ($000) $1,468 Avg Close $18.73 Range $13.00 - $27.99

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	22,278	$173	$9.84	$6.84 - $17.90
Q2 2015	13,757	$220	$12.61	$7.95 - $17.66
Q1 2015	112,174	$1,468	$18.73	$13.00 - $27.99