Kevin C. Talley - Mar 3, 2023 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role: EVP and CAO
Signature: /s/ Kevin C. Talley, by Scott A. Cottrill as attorney-in-fact
Stock symbol: WMS
Transactions as of: Mar 3, 2023
Transactions value $: -$1,973,291
Form type: 4
Date filed: 3/7/2023, 03:05 PM
Previous filing: Aug 12, 2022
Next filing: May 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WMS	Common Stock	Sale	-$1.97M	-22K	-35.48%	$89.67	40K	Mar 3, 2023	Direct	F1
holding	WMS	Common Stock						21.3K	Mar 3, 2023	By KSOP	F2

* 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 $89.18 to $90.00, 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	Represents current allocation under KSOP.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.18 to $90.00, 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.

Represents current allocation under KSOP.