Craig J. Taylor - May 18, 2024 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role: Executive Vice President
Signature: /s/ Craig J. Taylor, by Scott A. Cottrill as attorney-in-fact
Stock symbol: WMS
Transactions as of: May 18, 2024
Transactions value $: -$17,065
Form type: 4
Date filed: 5/21/2024, 06:35 PM
Previous filing: May 17, 2024
Next filing: May 24, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WMS	Common Stock	Tax liability	-$9.93K	-57	-0.98%	$174.13	5.76K	May 18, 2024	Direct	F1
transaction	WMS	Common Stock	Tax liability	-$7.14K	-41	-0.71%	$174.13	5.71K	May 19, 2024	Direct	F1
transaction	WMS	Common Stock	Award	$0	+1.14K	+20%	$0.00	6.86K	May 20, 2024	Direct

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	Award	$0	+2.38K		$0.00	2.38K	May 20, 2024	Common Stock	2.38K	$177.38	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares withheld to satisfy Reporting Person's tax obligations in connection with the vesting of shares of restricted common stock of the Issuer.
F2	The options vest in three equal annual installments beginning on May 20, 2025, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.