Michael G. Huebert - Aug 16, 2023 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
Executive Vice President
Signature
/s/ Michael G. Huebert, by Scott A. Cottrill as attorney-in-fact
Stock symbol
WMS
Transactions as of
Aug 16, 2023
Transactions value $
-$804,941
Form type
4
Date filed
8/18/2023, 04:33 PM
Previous filing
Jun 13, 2023
Next filing
Nov 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Options Exercise $184K +7.6K +20.65% $24.20* 44.4K Aug 16, 2023 Direct F1
transaction WMS Common Stock Sale -$989K -7.6K -17.12% $130.11 36.8K Aug 16, 2023 Direct F2
holding WMS Common Stock 28.7K Aug 16, 2023 By KSOP F3

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 -7.6K -80.95% $0.00 1.79K Aug 16, 2023 Common Stock 7.6K $24.20 Direct F4
* 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 $130.00 to $130.31, 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 Represents current allocation under KSOP.
F4 The options vested in three equal annual installments beginning on February 8, 2018.