TIM A. MAKOWSKI - 14 Feb 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
Issuer symbol
WMS
Transactions as of
14 Feb 2024
Net transactions value
-$1,115,090
Form type
4
Filing time
16 Feb 2024, 16:01:07 UTC
Previous filing
08 Dec 2023
Next filing
17 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Options Exercise $72,152 +2,802 +45% $25.75 9,050 14 Feb 2024 Direct F1
transaction WMS Common Stock Options Exercise $150,069 +5,469 +60% $27.44 14,519 14 Feb 2024 Direct F1
transaction WMS Common Stock Sale $1,337,311 -8,271 -57% $161.69 6,248 14 Feb 2024 Direct F1, F2
holding WMS Common Stock 17,559 14 Feb 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 -2,802 -100% $0.000000* 0 14 Feb 2024 Common Stock 2,802 $25.75 Direct F4
transaction WMS Option to Purchase Common Stock Options Exercise $0 -5,469 -100% $0.000000* 0 14 Feb 2024 Common Stock 5,469 $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