BRIAN W. KING - 19 May 2021 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role: Executive Vice President
Signature: /s/ Brian W. King, by Scott A. Cottrill as attorney-in-fact
Issuer symbol: WMS
Transactions as of: 19 May 2021
Net transactions value: $0
Form type: 4
Filing time: 21 May 2021, 18:00:34 UTC
Next filing: 09 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WMS	Common Stock	Award	$0	+784	+43%	$0.000000	2,604	19 May 2021	Direct

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	+2,004		$0.000000	2,004	19 May 2021	Common Stock	2,004	$105.82	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The options vest in three equal annual installments beginning on May 18, 2022, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.