D. Scott Barbour - May 19, 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
May 19, 2023
Transactions value $
-$398,945
Form type
4
Date filed
5/23/2023, 09:42 PM
Previous filing
May 22, 2023
Next filing
Jun 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Tax liability -$268K -2.78K -4.38% $96.55 60.6K May 19, 2023 Direct F1
transaction WMS Common Stock Tax liability -$131K -1.35K -2.23% $96.55 59.3K May 19, 2023 Direct F1
transaction WMS Common Stock Award $0 +12.8K +21.52% $0.00 72.1K May 22, 2023 Direct
holding WMS Common Stock 50.6K May 19, 2023 Reporting Person's Revocable Trust F2
holding WMS Common Stock 93.5K May 19, 2023 Reporting Person's Irrevocable Trust F3
holding WMS Common Stock 14K May 19, 2023 Spouse's Revocable Trust F4
holding WMS Common Stock 61.5K May 19, 2023 Spouse's Irrevocable Trust F5
holding WMS Common Stock 16.8K May 19, 2023 By KSOP F6

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 +28K $0.00 28K May 22, 2023 Common Stock 28K $96.51 Direct F7
* 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.
F7 The options vest in three equal annual installments beginning on May 21, 2024, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.

Remarks:

President & Chief Executive Officer