TIM A. MAKOWSKI - 19 May 2023 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
Vice President, Controller and Chief Accounting Officer
Signature
/s/ Tim A. Makowski, by Scott A. Cottrill as attorney-in-fact
Issuer symbol
WMS
Transactions as of
19 May 2023
Net transactions value
-$18,538
Form type
4
Filing time
23 May 2023, 21:46:21 UTC
Previous filing
22 May 2023
Next filing
14 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Tax liability $10,814 -112 -1.1% $96.55 10,421 19 May 2023 Direct F1
transaction WMS Common Stock Tax liability $7,724 -80 -0.77% $96.55 10,341 19 May 2023 Direct F1
transaction WMS Common Stock Award $0 +1,306 +13% $0.000000 11,647 22 May 2023 Direct
holding WMS Common Stock 17,540 19 May 2023 By KSOP F2

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 WMS Option to Purchase Common Stock Award $0 +2,869 $0.000000 2,869 22 May 2023 Common Stock 2,869 $96.51 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to satisfy Reporting Person's tax obligations in connection with the vesting of shares of restricted common stock of the Issuer.
F2 Represents current allocation under KSOP.
F3 The options vest in three equal annual installments beginning on May 21, 2024, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.

Remarks:

Vice President, Controller and Chief Accounting Officer