Ross M. Jones - Aug 30, 2023 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
Director
Signature
/s/ Ross M. Jones
Stock symbol
WMS
Transactions as of
Aug 30, 2023
Transactions value $
-$29,116,592
Form type
4
Date filed
9/1/2023, 06:54 PM
Previous filing
Aug 25, 2023
Next filing
Sep 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Sale -$3.21M -25K -2.02% $128.27 1.21M Aug 30, 2023 See Footnote F1, F2, F3
transaction WMS Common Stock Sale -$9.58M -74.8K -6.16% $128.07 1.14M Aug 31, 2023 See Footnote F1, F2, F4
transaction WMS Common Stock Sale -$25.8K -200 -0.02% $128.76 1.14M Aug 31, 2023 See Footnote F1, F2, F5
transaction WMS Common Stock Sale -$14.3M -110K -9.65% $130.35 1.03M Sep 1, 2023 See Footnote F1, F2, F6
transaction WMS Common Stock Sale -$1.97M -15K -1.46% $131.08 1.01M Sep 1, 2023 See Footnote F1, F2, F7
holding WMS Common Stock 70.7K Aug 30, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares by Stockbridge Fund, L.P. ("SF"). Stockbridge Associates LLC ("SA") is the general partner of SF. Stockbridge Partners LLC ("SP") is the investment adviser to SF. Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of SP.
F2 (continued from Footnote 1) The Reporting Person is a managing member of BPH, BPSP, SP, and SA. By virtue of the relationships described in the preceding sentences, the Reporting Person may be deemed to share beneficial ownership with respect to the shares of common stock held by SF. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $128.0571 to $128.5538. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $127.6648 to $128.6647. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $128.6648 to $128.78. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $130.015 to $131.0149. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and ExchangeCommission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $131.015 to $131.0769. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and ExchangeCommission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.