D. SCOTT BARBOUR - 12 Nov 2025 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Signature
/s/ D. Scott Barbour, by Scott A. Cottrill as attorney-in-fact
Issuer symbol
WMS
Transactions as of
12 Nov 2025
Transactions value $
-$9,859,591
Form type
4
Filing time
13 Nov 2025, 16:50:27 UTC
Previous filing
12 Nov 2025
Next filing
26 Nov 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
BARBOUR D. SCOTT President & Chief Executive Officer, Director C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD /s/ D. Scott Barbour, by Scott A. Cottrill as attorney-in-fact 13 Nov 2025 0001716232

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Options Exercise $2.06M +80K +186.69% $25.75 123K 12 Nov 2025 Direct
transaction WMS Common Stock Sale -$672K -4.54K -3.69% $148.01 118K 12 Nov 2025 Direct F1
transaction WMS Common Stock Sale -$10.9M -73.5K -62.07% $148.96 44.9K 12 Nov 2025 Direct F2
transaction WMS Common Stock Sale -$306K -2.03K -4.52% $150.66 42.9K 12 Nov 2025 Direct F3
holding WMS Common Stock 69.5K 12 Nov 2025 Reporting Person's Revocable Trust F4
holding WMS Common Stock 98.8K 12 Nov 2025 Reporting Person's Irrevocable Trust F5
holding WMS Common Stock 6.5K 12 Nov 2025 Spouse's Revocable Trust F6
holding WMS Common Stock 69K 12 Nov 2025 Spouse's Irrevocable Trust F7
holding WMS Common Stock 25.1K 12 Nov 2025 Reporting Person's 2023 GRAT F8
holding WMS Common Stock 26.4K 12 Nov 2025 Reporting Person's 2024 GRAT F8
holding WMS Common Stock 17K 12 Nov 2025 By KSOP F9

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 -80K -100% $0.00 0 12 Nov 2025 Common Stock 80K $25.75 Direct F10
* 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 $148.00 to $148.9999, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $149.54 to $150.5399, 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 (2) to this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $150.61 to $151.6099, 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 (3) to this Form 4.
F4 Shares held in revocable trust for the benefit of the reporting person.
F5 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.
F6 Shares held in revocable trust for the benefit of the reporting person's spouse.
F7 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.
F8 Shares held in GRATs of which the reporting person is trustee.
F9 Represents current allocation under KSOP.
F10 The options vested in three equal annual installments beginning on May 23, 2019.

Remarks:

President & Chief Executive Officer