Tim A. Makowski - May 19, 2023 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
Vice President, Controller and Chief Accounting Officer
Signature
/s/ Tim A. Makowski, by Scott A. Cottrill as attorney-in-fact
Stock symbol
WMS
Transactions as of
May 19, 2023
Transactions value $
-$18,538
Form type
4
Date filed
5/23/2023, 09:46 PM
Previous filing
May 22, 2023
Next filing
Jun 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Tax liability -$10.8K -112 -1.06% $96.55 10.4K May 19, 2023 Direct F1
transaction WMS Common Stock Tax liability -$7.72K -80 -0.77% $96.55 10.3K May 19, 2023 Direct F1
transaction WMS Common Stock Award $0 +1.31K +12.63% $0.00 11.6K May 22, 2023 Direct
holding WMS Common Stock 17.5K May 19, 2023 By KSOP F2

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 +2.87K $0.00 2.87K May 22, 2023 Common Stock 2.87K $96.51 Direct F3
* 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 Represents current allocation under KSOP.
F3 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:

Vice President, Controller and Chief Accounting Officer