D. Scott Barbour - 13 Sep 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
Issuer symbol
WMS
Transactions as of
13 Sep 2023
Net transactions value
$0
Form type
4
Filing time
14 Sep 2023, 16:30:24 UTC
Previous filing
05 Sep 2023
Next filing
07 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 Gift $0 -49,261 -68% $0.000000 22,796 13 Sep 2023 Direct F1
transaction WMS Common Stock Gift $0 +49,261 +97% $0.000000 99,907 13 Sep 2023 Reporting Person's Revocable Trust F1, F2
holding WMS Common Stock 93,500 13 Sep 2023 Reporting Person's Irrevocable Trust F3
holding WMS Common Stock 14,000 13 Sep 2023 Spouse's Revocable Trust F4
holding WMS Common Stock 61,500 13 Sep 2023 Spouse's Irrevocable Trust F5
holding WMS Common Stock 16,869 13 Sep 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