D. Scott Barbour - Feb 15, 2023 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
Feb 15, 2023
Transactions value $
$0
Form type
4
Date filed
2/17/2023, 05:58 PM
Previous filing
Feb 7, 2023
Next filing
Mar 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Gift $0 -9K -11.98% $0.00 66.1K Feb 15, 2023 Reporting Person's Revocable Trust F1, F2
transaction WMS Common Stock Gift $0 +9K +10.65% $0.00 93.5K Feb 15, 2023 Reporting Person's Irrevocable Trust F1, F3
transaction WMS Common Stock Gift $0 -15.5K -23.43% $0.00 50.6K Feb 15, 2023 Reporting Person's Revocable Trust F2, F4
transaction WMS Common Stock Gift $0 +15.5K +206.67% $0.00 23K Feb 15, 2023 Spouse's Revocable Trust F4, F5
transaction WMS Common Stock Gift $0 -9K -39.13% $0.00 14K Feb 17, 2023 Spouse's Revocable Trust F5, F6
transaction WMS Common Stock Gift $0 +9K +17.14% $0.00 61.5K Feb 17, 2023 Spouse's Irrevocable Trust F6, F7
holding WMS Common Stock 22.7K Feb 15, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 15, 2023, the revocable trust for the benefit of the reporting person contributed 9,000 shares of common stock of Advanced Drainage Systems, Inc. ("ADS") to an 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.
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 On February 15, 2023, the revocable trust for the benefit of the reporting person contributed 15,500 shares of common stock of Advanced Drainage Systems, Inc. ("ADS") to a revocable trust for the benefit of the reporting person's spouse.
F5 Shares held in revocable trust for the benefit of the reporting person's spouse.
F6 On February 17, 2023, the revocable trust for the benefit of the reporting person's spouse contributed 9,000 shares of common stock of ADS to an 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.
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.

Remarks:

President & Chief Executive Officer