ROBERT M. KLEIN - 09 Aug 2023 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
EVP, Sales
Signature
/s/ Robert M. Klein, by Scott A. Cottrill as attorney-in-fact
Issuer symbol
WMS
Transactions as of
09 Aug 2023
Net transactions value
-$397,885
Form type
4
Filing time
11 Aug 2023, 16:30:12 UTC
Previous filing
23 May 2023
Next filing
09 Nov 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 Options Exercise $117,910 +4,297 +4% $27.44* 111,990 09 Aug 2023 Direct F1
transaction WMS Common Stock Options Exercise $231,171 +5,508 +4.9% $41.97 117,498 09 Aug 2023 Direct F1
transaction WMS Common Stock Options Exercise $181,799 +1,718 +1.5% $105.82 119,216 09 Aug 2023 Direct F1
transaction WMS Common Stock Options Exercise $102,368 +1,031 +0.86% $99.29 120,247 09 Aug 2023 Direct F1
transaction WMS Common Stock Sale $1,076,479 -8,275 -6.9% $130.09 111,972 09 Aug 2023 Direct F2
transaction WMS Common Stock Options Exercise $45,347 +2,881 +2.6% $15.74* 114,853 09 Aug 2023 Direct F1

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 Options Exercise $0 -4,297 -100% $0.000000* 0 09 Aug 2023 Common Stock 4,297 $27.44 Direct F3
transaction WMS Option to Purchase Common Stock Options Exercise $0 -5,508 -100% $0.000000* 0 09 Aug 2023 Common Stock 5,508 $41.97 Direct F4
transaction WMS Option to Purchase Common Stock Options Exercise $0 -1,718 -67% $0.000000 859 09 Aug 2023 Common Stock 1,718 $105.82 Direct F5
transaction WMS Option to Purchase Common Stock Options Exercise $0 -1,031 -33% $0.000000 2,062 09 Aug 2023 Common Stock 1,031 $99.29 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the exercise by the Reporting Person of stock options (right to buy) previously granted by the Issuer.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.52 to $131.00, 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 (2) to this Form 4.
F3 The options vest in three equal installments beginning on May 21, 2020.
F4 The options vest in three equal installments beginning on May 19, 2021.
F5 The options vest in three equal installments beginning on May 18, 2022.
F6 The options vest in three equal installments beginning on May 17, 2023.