D. Scott Barbour - Sep 13, 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
Sep 13, 2023
Transactions value $
$0
Form type
4
Date filed
9/14/2023, 04:30 PM
Previous filing
Sep 5, 2023
Next filing
Nov 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Gift $0 -49.3K -68.36% $0.00 22.8K Sep 13, 2023 Direct F1
transaction WMS Common Stock Gift $0 +49.3K +97.27% $0.00 99.9K Sep 13, 2023 Reporting Person's Revocable Trust F1, F2
holding WMS Common Stock 93.5K Sep 13, 2023 Reporting Person's Irrevocable Trust F3
holding WMS Common Stock 14K Sep 13, 2023 Spouse's Revocable Trust F4
holding WMS Common Stock 61.5K Sep 13, 2023 Spouse's Irrevocable Trust F5
holding WMS Common Stock 16.9K Sep 13, 2023 By KSOP F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 13, 2023, the reporting person contributed 49,261 shares of common stock of Advanced Drainage Systems, Inc. ("ADS") to a revocable trust for the benefit of the reporting person.
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.

Remarks:

President & Chief Executive Officer