D. Scott Barbour - May 24, 2024 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
President & Chief Executive Officer, Director
Signature
/s/ D. Scott Barbour, by Scott A. Cottrill as attorney-in-fact
Stock symbol
WMS
Transactions as of
May 24, 2024
Transactions value $
-$12,603,573
Form type
4
Date filed
5/29/2024, 04:22 PM
Previous filing
May 24, 2024
Next filing
Jun 4, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Options Exercise $2.36M +85.9K +186.85% $27.44 132K May 24, 2024 Direct
transaction WMS Common Stock Sale -$15M -85.9K -65.14% $174.10 46K May 24, 2024 Direct F1
holding WMS Common Stock 46.3K May 24, 2024 Reporting Person's Revocable Trust F2
holding WMS Common Stock 97.8K May 24, 2024 Reporting Person's Irrevocable Trust F3
holding WMS Common Stock 9.7K May 24, 2024 Spouse's Revocable Trust F4
holding WMS Common Stock 65.8K May 24, 2024 Spouse's Irrevocable Trust F5
holding WMS Common Stock 49.3K May 24, 2024 Reporting Person's GRAT F6
holding WMS Common Stock 16.9K May 24, 2024 By KSOP F7

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 Options Exercise $0 -85.9K -100% $0.00* 0 May 24, 2024 Common Stock 85.9K $27.44 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $172.84 to $176.10, inclusive. The reporting person undertakes to provide to Advanced Drainage Systems, Inc., any security holder of Advanced Drainage Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.
F2 Shares held in revocable trust for the benefit of the reporting person.
F3 Shares held in irrevocable spousal access trust established by the reporting person, of which the reporting person's spouse is a co-trustee. The beneficiaries of the irrevocable trust are the reporting person and his children.
F4 Shares held in revocable trust for the benefit of the reporting person's spouse.
F5 Shares held in irrevocable spousal access trust established by the reporting person's spouse, of which the reporting person is a co-trustee. The beneficiaries of the irerrevocable trust include the reporting person's spouse and his children.
F6 Shares held in a GRAT of which the reporting person is trustee.
F7 Represents current allocation under KSOP.
F8 The options vested in three equal installments beginning on May 21, 2020.

Remarks:

President & Chief Executive Officer