MICHAEL G. HUEBERT - 16 Aug 2022 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role: Senior Vice President
Signature: /s/ Michael G. Huebert, by Scott A. Cottrill as attorney-in-fact
Issuer symbol: WMS
Transactions as of: 16 Aug 2022
Net transactions value: +$64,108
Form type: 4
Filing time: 18 Aug 2022, 16:43:25 UTC
Previous filing: 23 May 2022
Next filing: 25 Nov 2022
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	$64,108	+4,700	+10%	$13.64^*	50,762	16 Aug 2022	Direct
holding	WMS	Common Stock						28,581	16 Aug 2022	By KSOP	F1

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	-4,700	-100%	$0.000000^*	0	16 Aug 2022	Common Stock	4,700	$13.64	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents current allocation under KSOP.
F2	The options vested in five equal annual installments beginning on September 1, 2014.