D. SCOTT BARBOUR - 18 May 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
Issuer symbol
WMS
Transactions as of
18 May 2023
Net transactions value
-$157,342
Form type
4
Filing time
22 May 2023, 21:37:46 UTC
Previous filing
19 May 2023
Next filing
23 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Tax liability $157,342 -1,599 -2.5% $98.40 63,427 18 May 2023 Direct F1
holding WMS Common Stock 50,646 18 May 2023 Reporting Person's Revocable Trust F2
holding WMS Common Stock 93,500 18 May 2023 Reporting Person's Irrevocable Trust F3
holding WMS Common Stock 14,000 18 May 2023 Spouse's Revocable Trust F4
holding WMS Common Stock 61,500 18 May 2023 Spouse's Irrevocable Trust F5
holding WMS Common Stock 16,849 18 May 2023 By KSOP F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to satisfy Reporting Person's tax obligations in connection with the vesting of shares of restricted common stock of the Issuer.
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 Shares held in revocable trust for the benefit of the reporting person's spouse.
F5 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.
F6 Represents current allocation under KSOP.

Remarks:

President & Chief Executive Officer