Tim A. Makowski - Feb 14, 2024 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
Vice President, Controller and Chief Accounting Officer
Signature
/s/ Tim A. Makowski, by Scott A. Cottrill as attorney-in-fact
Stock symbol
WMS
Transactions as of
Feb 14, 2024
Transactions value $
-$1,115,090
Form type
4
Date filed
2/16/2024, 04:01 PM
Previous filing
Dec 8, 2023
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Options Exercise $72.2K +2.8K +44.85% $25.75 9.05K Feb 14, 2024 Direct F1
transaction WMS Common Stock Options Exercise $150K +5.47K +60.43% $27.44 14.5K Feb 14, 2024 Direct F1
transaction WMS Common Stock Sale -$1.34M -8.27K -56.97% $161.69 6.25K Feb 14, 2024 Direct F1, F2
holding WMS Common Stock 17.6K Feb 14, 2024 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 -2.8K -100% $0.00* 0 Feb 14, 2024 Common Stock 2.8K $25.75 Direct F4
transaction WMS Option to Purchase Common Stock Options Exercise $0 -5.47K -100% $0.00* 0 Feb 14, 2024 Common Stock 5.47K $27.44 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 101 shares of common stock acqued under the Advanced Drainage Systems, Inc.'s Employee Stock Purchase Plan, exempt under Rule 16b-3(c).
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $161.37 to $162.02, 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 (1) to this Form 4.
F3 Represents current allocation under KSOP.
F4 The options vested in three equal annual installments beginning on May 23, 2019.
F5 The options vested in three equal annual installments beginning on May 21, 2020.

Remarks:

Vice President, Controller and Chief Accounting Officer